Portugal in sixth place on the 2006 list of the biggest investors in Brazil

21 August 2006

Brasília, Brazil, 21 Aug – Portugal is in sixth place on the list of the largest foreign investors in Brazil, with a total of US$ 163 million in direct investments at the end of July, a Banco Central do Brasil spokesperson told Portuguese news agency Lusa on Saturday.

The figure is 32 times more that what Portugal invested in Brazil in the first seven months of 2005 (US$ 5 million), and represents 3.6 percent of the total direct foreign investment.

The United States is in first place on the list of the largest investors in Brazil with US$ 1.896 billion invested, followed by Spain (US$ 846 million), Cayman Islands (US$ 833 million), Luxembourg (US$ 187 million) and Germany (US$ 172 million).

The total amount of direct foreign investment in Brazil, which represents manufacturing investments, came to US$ 9.673 billion, at August 15th, according to the economic department of the Banco Central do Brasil.

However, this figure is considered to be insufficient to be able to come to its prediction for the year of US$ 18 billion in total direct foreign investment. Banco Central do Brasil will therefore have to review its projections for the year in September. (macauhub)