Brazil receives US$15.2 billion in foreign investment in 2005

24 January 2006

Sao Paulo, Brazil, 24 Jan – Brazil received US$15.193 billion in foreign investment in 2005, a 10-percent decrease in relation to the total recorded in 2004, Brazil’s Central Bank said Monday.

In 2004, foreign investment totaled US$16.937 billion, according to the head of the Central Bank’s economic department, Altamir Lopes.

The reduction in foreign investment in 2005 was the result of slowed economic growth, Lopes said.

In 2004, the Brazilian economy saw growth of 4.9 percent, one of the best rates in the past few years.

Forecasts from analysts surveyed by the Central Bank point to the Brazilian economy having grown by 2.4 percent in 2005.

The official figure for gross domestic product growth in 2005 has not yet been published.

The United States were the biggest investor in Brazil in 2005, accounting for 21.5 percent of the total.

The ranking of the biggest investors also includes the Netherlands (14.8%), Mexico (7.7%), France (6.7%), Canada (6.6%), Germany (6.4%) and Spain (5.6%). (macauhub)