Brazil Facts And Figures

Brazil has a population of 212.6 million, a GDP of $2.33 trillion, and uses the Brazilian Real. Portuguese is the official language, and the capital is Brasília. Foreigners can own property, but visas are required for residency or extended stays.

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Facts About Brazil

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Information Type	Brazil Data
Population	212.6 million (July 2024)
Gross Domestic Product (GDP)	$2.331 trillion (2024)
GDP Per Capita	$9,168 (2024)
Inflation Rate	4.24% (2024)
Currency	Brazilian Real (BRL)
Exchange Rate Versus U.S. Dollar	5.43 reals = 1 U.S. dollar (Sept. 2024)
Language	Portuguese (official)
Capital	Brasilia
Population of Capital City	4.935 million (2024)
Time Zone	GMT minus 3
Seasons	Tropical–wet, warm/hot year-round. Southern tip: temperate with four seasons
International Dialing Code	55
Electricity	110/220V / 60 Hz; Plug Types: A & B (U.S. style), C
System of Government	Federal Presidential Republic
Name and Party Affiliation of Current Leader	President: Luiz Inácio Lula da Silva. He is part of the Workers' Party.
Income Tax Rate for Residents	7.5% to 27.5%
Property Tax	0.5% to 4%
Capital Gains Tax	15%
Inheritance Tax	8%
Rental Income Tax	15%
Transfer Tax	Variable depending on location (in São Paolo it is between 0.5% and 2%)
Sales Tax	17% to 25%
Restrictions on Foreign Ownership of Property	No
Local Chamber of Commerce	www.cni.org.br SBN-Quadra 01-Bloco C- Ed. Roberto Simonsen Brasilia-DF-CEP:70040-903 Tel: +55-61- 3317-9989
American Chamber of Commerce	www.amcham.com.br Praça Pio X nº 15 / 5º andar Candelária, Centro, Rio de Janeiro Tel: 55 (21) 3213-9200
Primary Exports	Transport equipment, iron ore, soybeans, footwear, coffee, autos
Residency and Visa Requirements	Tourist Visa: It needs to be acquired at a Brazilian Embassy/Consulate Residency: Businessman/Professional, Entreprenuer,Investor, Retiree, and High-Level Specialist visas Citizenship: uninterrupted residency of 15 years and clean criminal record; Investor Visa holders can apply after 4 years of residency
Special Benefits for Foreign Residents or Retirees	None
National Airline	Brazilian Airlines http://www.brazilianairlines.com/

Reviewed By Kathleen Peddicord

Kathleen is the Live and Invest Overseas Founding Publisher. She has more than 30 years of hands-on experience traveling, living, and buying property around the world.

Plus, Revealed Inside Your Free Book: 12 Top Places Where You Can Live The Good Life From As Little As $1000 A Month…

Revealed Inside Your Free Book:

THE SECRET THAT WILL SAVE YOUR FINANCIAL FUTURE

Experience The World’s #1 Retirement Haven

Sept. 17-19, 2025
Valencia, Spain

WHAT'S YOUR IDEAL RETIREMENT DESTINATION?

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Brazil Facts And Figures- FAQs

Where Is Portugal?

Portugal is on the Iberian Peninsula, in the southwest corner of Europe. Portugal shares that peninsula Spain, its larger neighbor.

What Is Portugal Known For?

Portugal is known for Fado music and also for being the largest cork producer in the world.

When Are The Best Months To Travel To Portugal?

Portugal’s high season is during July and August, especially to coastal areas. Expect to pay at least a 30% premium on accommodation and encounter warm weather across the country.

Is Portugal A Good Place For Retirement

Yes, Portugal is a sought after retirement destination. In fact, it’s one the world’s top retirement havens.