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Brazil is one of the most rates-sensitive large emerging markets because domestic financial conditions, fiscal trust, and the commodity cycle all feed directly into valuations, FX, and local liquidity. The market is usually interpreted through the Selic path, the ability to make profits of resource and financial franchises, and whether the fiscal backdrop keeps the real and local how highly shares are valued anchored.
Regional map
Start here
You do not need a finance background. Start with the essentials, then go deeper only where useful.
Use the key figures to see the country’s size, currency and current economic backdrop.
Pick one variable at a time and see how it has changed over time.
The final cards explain the few forces that can move companies and the local market.
Key facts
Capital
Currency
Primary exchange
Central bank
Region
Time zone
Source: IBGE,
Country dashboard
A large cyclical market driven by commodities, domestic rates, fiscal credibility, and the direction of local risk appetite.
Macro explorer
Click an indicator to open a focused read instead of scanning every card at once.
Quarterly real GDP growth from OECD Quarterly National Accounts.
Available variables
Source: IBGE,
Trade and external position
The latest available data show exports of $385.5B and imports of $381.0B, leaving an external balance of +$4.5B. Services account for 12.6% of total exports.
This is the broadest export figure for Brazil in the WTO annual data, combining merchandise and commercial services. Goods account for 87.4% of the total and services for 12.6%, which quickly shows whether the export machine is still mainly physical trade or already more service-heavy.
This is the merchandise side of the export base. In 2024, the biggest WTO goods bucket was agricultural products at 46.0% of merchandise exports, which is the cleanest shortcut for what really drives the physical export mix.
This is the services side of exports, covering travel, transport, finance, IP, digital, and business services. The largest WTO services export sector in 2024 was other business services at $19.9B, which helps explain where intangible export strength is concentrated.
Commodity lens
Goods made up 87.4% of total exports in 2024, leaving services at 12.6%.
Goods made up 73.0% of total imports in 2024, leaving services at 27.0%.
This was the biggest WTO merchandise export group for Brazil in 2024.
This was the biggest WTO merchandise import group for Brazil in 2024.
Goods exports minus goods imports in 2024. A surplus here shows whether merchandise trade supports or drags on the overall external balance.
Source: WTO bulk download page,
What to watch
Brazil should first be read through selic rate regime. When this regime shifts, local how highly shares are valued and sector leadership usually shift with it.
The market is usually interpreted through the Selic path, the ability to make profits of resource and financial franchises, and whether the fiscal backdrop keeps the real and local how highly shares are valued anchored. That makes commodity export mix one of the most important signals for revising the country narrative.
The final layer is fiscal credibility, because it determines whether the macro backdrop turns into sustainable profits support for the Ibovespa.
Other countries
Each card opens the same country template with its own map, switchable macro variables, and benchmark view. This is the first linked network of country pages across the region.
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The deepest public market in the world, with unmatched liquidity and disclosure density.
Real GDP growth
What This Signals
GDP growth is published quarterly and annualized, so each point captures how fast real output was expanding or contracting versus the prior quarter at an annual rate. It matters because it is the broadest scorecard of domestic economic momentum and sets the backdrop for revenues, employment, and policy expectations. Versus a year ago, the series is higher by 48333.3%, which points to an improving or firmer backdrop on this measure. Across the displayed window, the broader trend is still downward.