Portugal falls 6 places in ranking of biggest foreign investors in Brazil

20 January 2006

Brasilia, Brazil, 20 Jan – In 2005 Portugal fell to 14th place in the ranking of the largest investors in Brazil after placing eighth in the previous year, Brazil’s central bank said in Brasilia Friday.

Portuguese direct investment in Brazil totaled US$335 million in 2005, a decrease of 41 percent against 2004, lagging behind the USA, the Netherlands, Mexico, France, Canada, Germany, Spain, the Cayman Islands, Australia, Japan, Belgium, Italy and Switzerland.

Portuguese investments represented just 1.5 percent of total direct foreign investment (DFI) in Brazil in 2005. DFI in Brazil in 2005 totaled US$15.193 billion, a fall of 16.5 percent from 2004 levels.

Last year’s DFI fell short of Brazilian central bank forecasts, which had pointed to a total of US$16 billion, an identical value to the forecast for 2006. (macauhub)