The direct and indirect economic contribution of Brazil’s tourism and leisure sector reached BRL 551.5bn (USD 139.💯9bn) in 2019 or 7.7% of the country’s GDP, according to the World Travel and Tourism Council (WTTC). The sector has a major ...

Brazil is the world’s second largest producer o꧙f ethanol and biodiesel after the US, and a pioneer developing biofuels as an economically viable alternative to fossil fuels since the introduction of flex-fuel (dual-fuel) vehicles in the country ...

The agriculture, livestock and fiꦦsheries sector in Brazil plays a key role in the domestic economy, accounting for 5.1% of total GDP, 24.6% of total export value and 3.7% of total employment in 2018. The recent economic and political instability in ...

Brazil has rich mineral resources, making it a relevant player in the global mining industry. The country ended 2018 with the world’s largest niobium reserves (80% of the total) and ranking se🔯cond in terms of tantalum reserves (31%), iron ore ...

In the past two decades, Latin America has embraced a universal health strate💦gy, based on the principles of eqඣuity, solidarity and collective action. This strategy required steadily growing public expenditure on health in order to guarantee universal ...

Due to a growing and ageing population, and an increasing incidence of non-communicable diseases, Brazil became the seventh largest pharmaceutical market in the world in 2018. During the year, retail drug sales, based on pharmacy purchase pri🍌ce (PPP) ...

Brazil’s tourism sector has solid growth potential thanks to the country’s diverse nat💞ural and cultural resources, which were ranked among the top ten in the world by the 2019 Travel and Tourism Competitiveness Report by the World ...

At the end of 2018, Latin America and the Caribbean acco🐲unted for 19.2% of the world’s crude oil reserves and for 4.3% of natural gas, making the region among the prominent players in the global oil and natural gas indusওtry. However, a lack of ...

A recovering economy and continuing loos𝐆ening monetary policy by the Cꦑentral Bank helped shape Brazil’s banking sector’s performance in H2 2018 and 2019. Albeit tepid, real GDP grew for a second year in a row in 2018 and is likely to rise ...

In 2018, Latin America consolidated its position as one of the largest and fastest-growing manufacturing and export hubs for motor vehicles. Amidst the sharp downturn of both production and sales of motor vehicles in Europe, As🎐ia and Oceania, Latin ...