According to a May survey of 250 respondents about Brazil, 49% of whom were company finance directors, 60% plan to invest in the country. Brazil was named among the top three Latin American countries for establishing operations by 80% of respondents. For 87%, the top criterion for Brazil’s attractiveness for establishing activities was the domestic market. Over the next three years, 84% think that the country’s attractiveness for firms to develop activities will improve. In the next two years, the sector that is expected to drive growth is oil and gas, according to 44% of respondents, followed by real estate and construction, tourism, and agriculture and food, according to 28%, 27% and 27%, respectively. Thirty percent see Brazil as a leader in the energy sector in 2020, while 24% see it as having substantially improved infrastructure. Asked what were the main areas to reform to improve innovation capacity, 60% of respondents chose “improve education and training in new technologies.”

Source: Ernst & Young