Ten economic freedoms of Brazil
Report
Currency, Politics
http://www.heritage.org/index/country/brazil
Brazil’s economic freedom score is 56.3, making its economy the 113th freest in the 2011 Index. Its score is 0.7 point better than last year as a result of improvements in investment freedom and trade freedom. Brazil is ranked 21st out of 29 countries in the South and Central America/Caribbean region, and its overall score is below the regional and world averages.
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The Brazilian economy has been expanding with the help of booming commodity exports. Over the past decade, economic growth has averaged around 4 percent, accompanied generally by low inflation. Brazil has a large agricultural and industrial base, but a growing services sector has accounted for over 60 percent of GDP in recent years. The global financial and economic turmoil’s impact has been moderate.
The state’s role in the economy has been heavy and even increasing. However, the efficiency and overall quality of government services remain poor despite high government spending as a percentage of GDP. Barriers to entrepreneurial activity include burdensome taxes, inefficient regulation, poor access to long-term financing, and a rigid labor market. The judicial system remains vulnerable to political influence and corruption.
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