Portuguese direct investments in Brazil fall 68.2 pct between January and October

25 November 2009

Brasilia, Brazil, 25 Nov – Portuguese direct investment in Brazil in the first ten months of the year fell 68.2 percent year on year, to US$321 million, a source from the Brazilian Central Bank said in Brasilia Tuesday.

Last month, Portuguese investments in Brazil totalled just US$12 million.

Portugal this year is ranked 11th amongst the biggest foreign direct investors in Brazil, with the top spots going to the Netherlands (US$5.060 billion), the United States (US$3.55 billion), Spain (US$2.852 billion), and Germany(US$2.281 billion).

In the first ten months of this year Brazil received foreign direct investments totalling US$19.254 billion, or the equivalent of 1.64 percent of the country’s gross domestic product (GDP). (macauhub)