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Brazil Facts And Figures
Facts About Brazil
| Information Type | Brazil Data |
|---|---|
| Population | 212,559,417 (2020) |
| Gross Domestic Product (GDP) | $1.847 trillion (2019) |
| GDP Per Capita | $16,462 (2020) |
| Inflation Rate | 5.58% (2020) |
| Currency | Brazilian Real (BRL) |
| Exchange Rate Versus U.S. Dollar | 5.32 reals = 1 U.S. dollar (June 2020) |
| Language | Portuguese (official) |
| Capital | Brasilia |
| Population of Capital City | 4.645 million (2020) |
| 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: Jair Bolsonaro |
| 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/ |
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