Foreign direct investment in Brazil totalled US$63 billion in 2013, which was a year-on-year drop of 3.9 percent according to a report from the United Nations Agency for Trade and Development (UNCTAD) published this week.
Brazil fell from fourth to seventh place in the world list of biggest destinations for foreign investment in 2013, and also posted the worst change amongst BRICS countries (Brazil, Russia, India China and South Africa).
“Even so the drop recorded should be seen within a context of strong growth over the last few years that led foreign direct investment in Brazil to reach record highs,” the document said.
Between 2000 and 2006 Brazil received an average of US$20 billion per year and the average since 2011 was three times higher at over US$60 billion.
According to UNCTAD Brazil is accompanying a downward trend in foreign direct investment seen in South America after a high of a few years based on the rise in price of raw materials. (Macauhub)