IMD World Competitiveness Booklet 2023

Brazil Competitiveness Trends – Overall

OVERALL PERFORMANCE (64 countries)

BASIC FACTS

Rank

2019

2020

2021

2022

2023

Capital Land area (square km '000)

Brasilia

8.516 2022 5,164 2022

56

57

Exchange rate (per $)

59

59

60

Population - market size (millions) 214,83 2022 05 Gross Domestic Product (GDP) (US$ billions) 1.920,1 2022 10 GDP (PPP) per capita (US$) 17.608 2022 56 Real GDP growth (%) 2,9 2022 42 Consumer price inflation (%) 9,28 2022 42 Unemployment rate (%) 9,25 2022 56 Labor force (millions) 108,06 2022 05 Current account balance (% of GDP) -2,91 2022 41 Direct investment stocks inward ($bn) 592,8 2021 16 Direct investment flows inward (% of GDP) 2,82 2021 33

CHALLENGES IN 2023

• Implement a tax reform that fosters competitiveness. • Ensure a new fiscal anchor that reconciles social spending with responsibility in public accounts. • Encourage and attract green investments allied to a resilient, multi-ministerial environmental policy. • Ensure access to quality public education and joint action with the private sector to train and retrain the workforce. • Reverse production stagnation and encourage new investments to promote job creation.

PROVIDED BY: Fundação Dom Cabral, Innovation and Entrepreneurship Center

COMPETITIVENESS LANDSCAPE

Economic Performance Government Efficiency

Business Efficiency

Infrastructure

Domestic Economy

International Trade

International Investment Employment Prices

Public Finance Tax Policy

Institutional Framework Business Legislation

Societal Framework

Productivity & Efficiency Labor Market Finance

Management Practices Attitudes & Values

Basic Infrastructure

Technological Infrastructure Scientific Infrastructure

Health & Environment Education

16

25

36

41

44

45

47 51

53 48 57 55 56 57

62 62 61 63

64

64

PEER GROUPS RANKINGS THE AMERICAS (9 countries)

POPULATIONS > 20 MILLION (27 countries)

2019

2020

2021

2022

2023

2019

2020

2021

2022

2023

23

6

24

24

24

7

7

7

7

25

62 Competitiveness Country Profiles