Over the past two decades, strong growth combined with remarkable social progress has made Brazil one of the world’s leading economies.
Over the past two decades, strong growth combined with remarkable social progress have made Brazil one of the world’s leading economies, despite the long recession that began in 2014 and from which the economy is now slowly emerging.
Pensions have been successful in reducing old-age poverty well below the population-wide average, and below the OECD average. At present, all pension recipients – and this includes around 90% of those aged 65 and above – receive at least the minimum wage, which is more than 5 times as much as the poverty line of BRL 170 (equivalent to USD 55).
English, PDF, 617kb
Brazil’s old-age pensions have reduced old-age poverty below OECD levels, but pension expenditures of 8.2% of GDP are expected to rise rapidly as the population ages. A pension reform is necessary to ensure the financial sustainability of the system.
English, PDF, 97kb
This country note from Going for Growth 2017 for Brazil identifies and assesses progress made on key reforms to boost long-term growth, improve competitiveness and productivity and create jobs.
There is strong international evidence that trade liberalisation and increased international integration are key elements of a successful growth strategy. Exposure to international competition, sourcing internationally and learning by exporting accelerates technological upgrading and fosters productivity growth.
Brazil remains a fairly closed economy, with small trade flows relative to its share of world income. This paper explores the effects of three possible policy reforms to strengthen Brazil’s integration into global trade: a reduction in import tariffs, less local content requirements and a full zero-rating of exports in indirect taxes.
Brazil has made remarkable social and economic progress in the past two decades, but must now overcome important challenges if it is to put its economy on a stronger, fairer, greener growth trajectory, according to two new reports from the OECD.
English, PDF, 93kb
This country note from Going for Growth 2015 for Brazil identifies and assesses progress made on key reforms to boost long-term growth, improve competitiveness and productivity and create jobs.
After several years of modest growth, Brazil is facing a recession which has laid bare a number of structural bottlenecks that need be addressed to restore strong and sustainable growth.