Brazil Facts And Figures

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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.


Facts About Brazil

Information TypeBrazil Data
Population212,559,417 (2020)
Gross Domestic Product (GDP)$1.847 trillion (2019)
GDP Per Capita$16,462 (2020)
Inflation Rate5.58% (2020)
CurrencyBrazilian Real (BRL)
Exchange Rate Versus U.S. Dollar5.32 reals = 1 U.S. dollar (June 2020)
LanguagePortuguese (official)
CapitalBrasilia
Population of Capital City4.645 million (2020)
Time ZoneGMT minus 3
SeasonsTropical–wet, warm/hot year-round.
Southern tip: temperate with four seasons
International Dialing Code55
Electricity110/220V / 60 Hz; Plug Types: A & B (U.S. style), C
System of GovernmentFederal Presidential Republic
Name and Party Affiliation
of Current Leader
President: Jair Bolsonaro
Income Tax Rate for Residents7.5% to 27.5%
Property Tax0.5% to 4%
Capital Gains Tax15%
Inheritance Tax8%
Rental Income Tax15%
Transfer TaxVariable depending on location (in São Paolo it is between 0.5% and 2%)
Sales Tax17% to 25%
Restrictions on Foreign Ownership of PropertyNo
Local Chamber of Commercewww.cni.org.br
SBN-Quadra 01-Bloco C- Ed. Roberto Simonsen
Brasilia-DF-CEP:70040-903
Tel: +55-61- 3317-9989
American Chamber of Commercewww.amcham.com.br
Praça Pio X nº 15 / 5º andar
Candelária, Centro, Rio de Janeiro
Tel: 55 (21) 3213-9200
Primary ExportsTransport equipment, iron ore, soybeans, footwear, coffee, autos
Residency and Visa RequirementsTourist 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 RetireesNone
National AirlineBrazilian Airlines
http://www.brazilianairlines.com/

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