Brazil: Portuguese investments in Brazil total US$776 million between January and May

24 June 2008

Brasilia, Brazil, 24 June – Portuguese direct investment in Brazil in the first five months of the year totalled US$776 million, or more than four-fold the amount invested in the year-ago period, the Brazilian Central Bank said in Brasilia Monday.

In May, Portuguese companies invested US$79 million in Brazil, keeping Portugal in fifth place in the list of Brazil’s biggest foreign investors in 2008.

The top five investors in Brazil are the United States (US$3.061 billion), the Netherlands (US$1.71 billion), Spain (US$1.407 billion), and France(US$1.137 billion).

From January to May, FDI in Brazil totalled US$13.984 billion, a rise of 32.75 percent year on year. (macauhub)