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Brazil Facts And Figures

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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 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 Retirees None
National Airline Brazilian Airlines
http://www.brazilianairlines.com/

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