SlideShare a Scribd company logo
1 of 14
The economy growth of Brazil Ankur Patel Amity ,Noida(MBA-IB)
Point of view About Brazil Economy-Overview Economic Indicators         1. GDP and GDP Growth rate         2. Inflation         3. Unemployment         4. Export-Import          5. Current account balance         6. FDI The Brazilian Economy by Sector Concluding Remarks
     About Brazil GDP  R$ 3.143 trillion
Economy-Overview The economy of Brazil is the world's eighth largest by nominal GDP and ninth            largest by purchasing power parity 2. The present GDP is $3.143 trillion and the real growth rate of GDP is 3.7%. 3. Its current GDP (PPP) per capita is $10,200. 4. Rate of unemployment is 9.6%  5. Inflation rate is 3%. 6. Major industries are textiles, shoes, chemicals, aircraft, steel, motor vehicles, etc. Agricultural products includes coffee, wheat, coca, rice, sugarcane etc.
 1. GDP and GDP Growth rate  2. Inflation Economic Indicators 3. Unemployment 6. FDI   4. Export-Import  5. Current account balance
 1. GDP and GDP Growth rate Rank-8
 2. Inflation Rank-66
 3. Unemployment Rank-81
4. Export-Import Exports:   Rank-23$158.9 billion (2009 est.) $197.9 billion (2008 est.)  Exports - commodities:transport equipment, iron ore,  soybeans,footwear, coffee, autos. Imports:  Rank-25$136 billion (2009 est.) $173.1 billion (2008 est.)  Imports - commodities:machinery, electrical and transport equipment, chemical products, oil, automotive parts, electronic                                                    04-08       2009      2010     2011 Exports (% growth)                  22.1        -22.7       13.0      18.0  Imports (% growth)                  29.1       -26.3        44.0        8.0
 5. Current account balance   Rank-172 Current Account (% of GDP)          0.6 (04-08)         -1.5 (09)           -3.5 (10)  	-2.8 (11)
 6. FDI Rank-23
The Brazilian Economy by Sector Agriculture - products: Coffee, soybeans, wheat, rice, corn, sugarcane, cocoa. Brazil is the world’s leading producer and exporter of coffe-35%. Industries:Textiles, shoes, chemicals,  cement, lumber, iron, tin, steel, aircraft, motor vehicles and parts, other machinery and equipment
Concluding Remarks Brazil’s fiscal strategy remains questionable. 2. Infrastructure investment will be needed for leading      productivity to a higher and sustainable path. 3. Complex taxation is one reason for the poor performance of        GDP growth in Brazil.
Thank You

More Related Content

What's hot

Brazil presentation model
Brazil presentation modelBrazil presentation model
Brazil presentation modelKevin de Wit
 
Geography: Brazil overview
Geography: Brazil overview Geography: Brazil overview
Geography: Brazil overview Nduduzo Miya
 
Case Study: Impact of Colonialism on Brazil (A Developing Economy)
Case Study: Impact of Colonialism on Brazil (A Developing Economy)Case Study: Impact of Colonialism on Brazil (A Developing Economy)
Case Study: Impact of Colonialism on Brazil (A Developing Economy)Aisling O Connor
 
India vs. china
India vs. chinaIndia vs. china
India vs. chinaMukul0007
 
India and China_An Economy Comparison
India and China_An Economy ComparisonIndia and China_An Economy Comparison
India and China_An Economy ComparisonAnurag Kanoongo
 
India Vs China: Economic Policies Comparision
India Vs China: Economic Policies ComparisionIndia Vs China: Economic Policies Comparision
India Vs China: Economic Policies ComparisionPulkit Agarwal
 
India Budget 2022-23
India Budget 2022-23India Budget 2022-23
India Budget 2022-23Harsh Kumar
 
Indian Economic Growth
Indian Economic GrowthIndian Economic Growth
Indian Economic GrowthAnurag Mehra
 
Brazil Powerpoint Country
Brazil Powerpoint CountryBrazil Powerpoint Country
Brazil Powerpoint CountryAndrew Schwartz
 
Illeteracy by RASHID BAJWA
Illeteracy by RASHID BAJWAIlleteracy by RASHID BAJWA
Illeteracy by RASHID BAJWArashid bajwa
 
INDIAN ECONOMY V/S CHINESE ECONOMY, A Comparative Study
INDIAN ECONOMY V/S CHINESE ECONOMY, A Comparative StudyINDIAN ECONOMY V/S CHINESE ECONOMY, A Comparative Study
INDIAN ECONOMY V/S CHINESE ECONOMY, A Comparative StudyAnkit Dabral
 

What's hot (20)

Indian economy
Indian economyIndian economy
Indian economy
 
India & China
India & ChinaIndia & China
India & China
 
Brazil
BrazilBrazil
Brazil
 
Brazil
BrazilBrazil
Brazil
 
Brazil
BrazilBrazil
Brazil
 
Brazil presentation model
Brazil presentation modelBrazil presentation model
Brazil presentation model
 
COVID-19: Economic Impact
COVID-19: Economic ImpactCOVID-19: Economic Impact
COVID-19: Economic Impact
 
Geography: Brazil overview
Geography: Brazil overview Geography: Brazil overview
Geography: Brazil overview
 
Case Study: Impact of Colonialism on Brazil (A Developing Economy)
Case Study: Impact of Colonialism on Brazil (A Developing Economy)Case Study: Impact of Colonialism on Brazil (A Developing Economy)
Case Study: Impact of Colonialism on Brazil (A Developing Economy)
 
India vs. china
India vs. chinaIndia vs. china
India vs. china
 
India and China_An Economy Comparison
India and China_An Economy ComparisonIndia and China_An Economy Comparison
India and China_An Economy Comparison
 
India Vs China: Economic Policies Comparision
India Vs China: Economic Policies ComparisionIndia Vs China: Economic Policies Comparision
India Vs China: Economic Policies Comparision
 
India Budget 2022-23
India Budget 2022-23India Budget 2022-23
India Budget 2022-23
 
Indian Economic Growth
Indian Economic GrowthIndian Economic Growth
Indian Economic Growth
 
Brazil Powerpoint Country
Brazil Powerpoint CountryBrazil Powerpoint Country
Brazil Powerpoint Country
 
Illeteracy by RASHID BAJWA
Illeteracy by RASHID BAJWAIlleteracy by RASHID BAJWA
Illeteracy by RASHID BAJWA
 
BRICS
BRICS BRICS
BRICS
 
INDIAN ECONOMY V/S CHINESE ECONOMY, A Comparative Study
INDIAN ECONOMY V/S CHINESE ECONOMY, A Comparative StudyINDIAN ECONOMY V/S CHINESE ECONOMY, A Comparative Study
INDIAN ECONOMY V/S CHINESE ECONOMY, A Comparative Study
 
india vs china
india vs chinaindia vs china
india vs china
 
BRICS
BRICSBRICS
BRICS
 

Similar to The economy growth of brazil

Sourcing Opportunities in Brazil - Market Survey
Sourcing Opportunities in Brazil - Market SurveySourcing Opportunities in Brazil - Market Survey
Sourcing Opportunities in Brazil - Market SurveyDragon Sourcing
 
India Emerging
India EmergingIndia Emerging
India Emerginggs.balaji
 
Dr Dev Kambhampati | Doing Business in Brazil - 2013 Country Commercial Guide...
Dr Dev Kambhampati | Doing Business in Brazil - 2013 Country Commercial Guide...Dr Dev Kambhampati | Doing Business in Brazil - 2013 Country Commercial Guide...
Dr Dev Kambhampati | Doing Business in Brazil - 2013 Country Commercial Guide...Dr Dev Kambhampati
 
Road map for manufacturing in India
Road map for manufacturing in IndiaRoad map for manufacturing in India
Road map for manufacturing in IndiaSidhant4
 
Rytvae Financial Consultant - NFO Presentation HDFC manufacturing-fund
Rytvae  Financial Consultant - NFO Presentation HDFC manufacturing-fundRytvae  Financial Consultant - NFO Presentation HDFC manufacturing-fund
Rytvae Financial Consultant - NFO Presentation HDFC manufacturing-fundRytvae Financial Consultant
 
Lecture enterbrazil 2013-sample Market study and foreign trade-BRAZIL
Lecture  enterbrazil 2013-sample Market study and foreign trade-BRAZIL Lecture  enterbrazil 2013-sample Market study and foreign trade-BRAZIL
Lecture enterbrazil 2013-sample Market study and foreign trade-BRAZIL Marcelo Sicoli
 
Presentation on india's ftp
Presentation on india's ftpPresentation on india's ftp
Presentation on india's ftpStudsPlanet.com
 
Indian Economy Globalisation
Indian Economy GlobalisationIndian Economy Globalisation
Indian Economy GlobalisationDeep Das
 
Indianeconomyglobalisation 090728133702-phpapp01
Indianeconomyglobalisation 090728133702-phpapp01Indianeconomyglobalisation 090728133702-phpapp01
Indianeconomyglobalisation 090728133702-phpapp01thaiparambilbinu
 

Similar to The economy growth of brazil (20)

Sourcing Opportunities in Brazil - Market Survey
Sourcing Opportunities in Brazil - Market SurveySourcing Opportunities in Brazil - Market Survey
Sourcing Opportunities in Brazil - Market Survey
 
Export measues
Export measuesExport measues
Export measues
 
India Emerging
India EmergingIndia Emerging
India Emerging
 
India Emerging
India EmergingIndia Emerging
India Emerging
 
Industrial sector
Industrial sector Industrial sector
Industrial sector
 
Current economic situation in Kazakhstan, Jan'21, 2011
Current economic situation in Kazakhstan, Jan'21, 2011Current economic situation in Kazakhstan, Jan'21, 2011
Current economic situation in Kazakhstan, Jan'21, 2011
 
Indian economy
Indian economyIndian economy
Indian economy
 
Dr Dev Kambhampati | Doing Business in Brazil - 2013 Country Commercial Guide...
Dr Dev Kambhampati | Doing Business in Brazil - 2013 Country Commercial Guide...Dr Dev Kambhampati | Doing Business in Brazil - 2013 Country Commercial Guide...
Dr Dev Kambhampati | Doing Business in Brazil - 2013 Country Commercial Guide...
 
Road map for manufacturing in India
Road map for manufacturing in IndiaRoad map for manufacturing in India
Road map for manufacturing in India
 
Manufacturing final
Manufacturing finalManufacturing final
Manufacturing final
 
Make in india
Make in indiaMake in india
Make in india
 
Rytvae Financial Consultant - NFO Presentation HDFC manufacturing-fund
Rytvae  Financial Consultant - NFO Presentation HDFC manufacturing-fundRytvae  Financial Consultant - NFO Presentation HDFC manufacturing-fund
Rytvae Financial Consultant - NFO Presentation HDFC manufacturing-fund
 
Manufacturing Sector Report - August 2018
Manufacturing Sector Report - August 2018Manufacturing Sector Report - August 2018
Manufacturing Sector Report - August 2018
 
Lecture enterbrazil 2013-sample Market study and foreign trade-BRAZIL
Lecture  enterbrazil 2013-sample Market study and foreign trade-BRAZIL Lecture  enterbrazil 2013-sample Market study and foreign trade-BRAZIL
Lecture enterbrazil 2013-sample Market study and foreign trade-BRAZIL
 
Manufacturing State Report September 2018
Manufacturing State Report September 2018Manufacturing State Report September 2018
Manufacturing State Report September 2018
 
Presentation on india's ftp
Presentation on india's ftpPresentation on india's ftp
Presentation on india's ftp
 
Industry and Infrastructure
Industry and InfrastructureIndustry and Infrastructure
Industry and Infrastructure
 
India's Trade Policy
India's Trade PolicyIndia's Trade Policy
India's Trade Policy
 
Indian Economy Globalisation
Indian Economy GlobalisationIndian Economy Globalisation
Indian Economy Globalisation
 
Indianeconomyglobalisation 090728133702-phpapp01
Indianeconomyglobalisation 090728133702-phpapp01Indianeconomyglobalisation 090728133702-phpapp01
Indianeconomyglobalisation 090728133702-phpapp01
 

Recently uploaded

How to Maintain Healthy Life style.pptx
How to Maintain  Healthy Life style.pptxHow to Maintain  Healthy Life style.pptx
How to Maintain Healthy Life style.pptxrdishurana
 
Cracking the Change Management Code Main New.pptx
Cracking the Change Management Code Main New.pptxCracking the Change Management Code Main New.pptx
Cracking the Change Management Code Main New.pptxWorkforce Group
 
LinkedIn Masterclass Techweek 2024 v4.1.pptx
LinkedIn Masterclass Techweek 2024 v4.1.pptxLinkedIn Masterclass Techweek 2024 v4.1.pptx
LinkedIn Masterclass Techweek 2024 v4.1.pptxSymbio Agency Ltd
 
Equinox Gold Corporate Deck May 24th 2024
Equinox Gold Corporate Deck May 24th 2024Equinox Gold Corporate Deck May 24th 2024
Equinox Gold Corporate Deck May 24th 2024Equinox Gold Corp.
 
Unveiling the Dynamic Gemini_ Personality Traits and Sign Dates.pptx
Unveiling the Dynamic Gemini_ Personality Traits and Sign Dates.pptxUnveiling the Dynamic Gemini_ Personality Traits and Sign Dates.pptx
Unveiling the Dynamic Gemini_ Personality Traits and Sign Dates.pptxmy Pandit
 
Pitch Deck Teardown: Terra One's $7.5m Seed deck
Pitch Deck Teardown: Terra One's $7.5m Seed deckPitch Deck Teardown: Terra One's $7.5m Seed deck
Pitch Deck Teardown: Terra One's $7.5m Seed deckHajeJanKamps
 
Future of Trade 2024 - Decoupled and Reconfigured - Snapshot Report
Future of Trade 2024 - Decoupled and Reconfigured - Snapshot ReportFuture of Trade 2024 - Decoupled and Reconfigured - Snapshot Report
Future of Trade 2024 - Decoupled and Reconfigured - Snapshot ReportDubai Multi Commodity Centre
 
Series A Fundraising Guide (Investing Individuals Improving Our World) by Accion
Series A Fundraising Guide (Investing Individuals Improving Our World) by AccionSeries A Fundraising Guide (Investing Individuals Improving Our World) by Accion
Series A Fundraising Guide (Investing Individuals Improving Our World) by AccionAlejandro Cremades
 
Raising Seed Capital by Steve Schlafman at RRE Ventures
Raising Seed Capital by Steve Schlafman at RRE VenturesRaising Seed Capital by Steve Schlafman at RRE Ventures
Raising Seed Capital by Steve Schlafman at RRE VenturesAlejandro Cremades
 
TriStar Gold Corporate Presentation May 2024
TriStar Gold Corporate Presentation May 2024TriStar Gold Corporate Presentation May 2024
TriStar Gold Corporate Presentation May 2024Adnet Communications
 
Engagement Rings vs Promise Rings | Detailed Guide
Engagement Rings vs Promise Rings | Detailed GuideEngagement Rings vs Promise Rings | Detailed Guide
Engagement Rings vs Promise Rings | Detailed GuideCharleston Alexander
 
NewBase 24 May 2024 Energy News issue - 1727 by Khaled Al Awadi_compresse...
NewBase   24 May  2024  Energy News issue - 1727 by Khaled Al Awadi_compresse...NewBase   24 May  2024  Energy News issue - 1727 by Khaled Al Awadi_compresse...
NewBase 24 May 2024 Energy News issue - 1727 by Khaled Al Awadi_compresse...Khaled Al Awadi
 
The Inspiring Personality To Watch In 2024.pdf
The Inspiring Personality To Watch In 2024.pdfThe Inspiring Personality To Watch In 2024.pdf
The Inspiring Personality To Watch In 2024.pdfinsightssuccess2
 
Event Report - IBM Think 2024 - It is all about AI and hybrid
Event Report - IBM Think 2024 - It is all about AI and hybridEvent Report - IBM Think 2024 - It is all about AI and hybrid
Event Report - IBM Think 2024 - It is all about AI and hybridHolger Mueller
 
Stages of Startup Funding - An Explainer
Stages of Startup Funding - An ExplainerStages of Startup Funding - An Explainer
Stages of Startup Funding - An ExplainerAlejandro Cremades
 
بروفايل شركة ميار الخليج للاستشارات الهندسية.pdf
بروفايل شركة ميار الخليج للاستشارات الهندسية.pdfبروفايل شركة ميار الخليج للاستشارات الهندسية.pdf
بروفايل شركة ميار الخليج للاستشارات الهندسية.pdfomnme1
 
Shoe Deodorizer Manufacturing Plant Project Report.pptx
Shoe Deodorizer Manufacturing Plant Project Report.pptxShoe Deodorizer Manufacturing Plant Project Report.pptx
Shoe Deodorizer Manufacturing Plant Project Report.pptxSmith Anderson
 
Special Purpose Vehicle (Purpose, Formation & examples)
Special Purpose Vehicle (Purpose, Formation & examples)Special Purpose Vehicle (Purpose, Formation & examples)
Special Purpose Vehicle (Purpose, Formation & examples)linciy03
 
Vendors of country report usefull datass
Vendors of country report usefull datassVendors of country report usefull datass
Vendors of country report usefull datassDilipParmar63
 
Salesforce Loyalty Management A Comprehensive.pdf
Salesforce Loyalty Management A Comprehensive.pdfSalesforce Loyalty Management A Comprehensive.pdf
Salesforce Loyalty Management A Comprehensive.pdfqrsolutionsindia
 

Recently uploaded (20)

How to Maintain Healthy Life style.pptx
How to Maintain  Healthy Life style.pptxHow to Maintain  Healthy Life style.pptx
How to Maintain Healthy Life style.pptx
 
Cracking the Change Management Code Main New.pptx
Cracking the Change Management Code Main New.pptxCracking the Change Management Code Main New.pptx
Cracking the Change Management Code Main New.pptx
 
LinkedIn Masterclass Techweek 2024 v4.1.pptx
LinkedIn Masterclass Techweek 2024 v4.1.pptxLinkedIn Masterclass Techweek 2024 v4.1.pptx
LinkedIn Masterclass Techweek 2024 v4.1.pptx
 
Equinox Gold Corporate Deck May 24th 2024
Equinox Gold Corporate Deck May 24th 2024Equinox Gold Corporate Deck May 24th 2024
Equinox Gold Corporate Deck May 24th 2024
 
Unveiling the Dynamic Gemini_ Personality Traits and Sign Dates.pptx
Unveiling the Dynamic Gemini_ Personality Traits and Sign Dates.pptxUnveiling the Dynamic Gemini_ Personality Traits and Sign Dates.pptx
Unveiling the Dynamic Gemini_ Personality Traits and Sign Dates.pptx
 
Pitch Deck Teardown: Terra One's $7.5m Seed deck
Pitch Deck Teardown: Terra One's $7.5m Seed deckPitch Deck Teardown: Terra One's $7.5m Seed deck
Pitch Deck Teardown: Terra One's $7.5m Seed deck
 
Future of Trade 2024 - Decoupled and Reconfigured - Snapshot Report
Future of Trade 2024 - Decoupled and Reconfigured - Snapshot ReportFuture of Trade 2024 - Decoupled and Reconfigured - Snapshot Report
Future of Trade 2024 - Decoupled and Reconfigured - Snapshot Report
 
Series A Fundraising Guide (Investing Individuals Improving Our World) by Accion
Series A Fundraising Guide (Investing Individuals Improving Our World) by AccionSeries A Fundraising Guide (Investing Individuals Improving Our World) by Accion
Series A Fundraising Guide (Investing Individuals Improving Our World) by Accion
 
Raising Seed Capital by Steve Schlafman at RRE Ventures
Raising Seed Capital by Steve Schlafman at RRE VenturesRaising Seed Capital by Steve Schlafman at RRE Ventures
Raising Seed Capital by Steve Schlafman at RRE Ventures
 
TriStar Gold Corporate Presentation May 2024
TriStar Gold Corporate Presentation May 2024TriStar Gold Corporate Presentation May 2024
TriStar Gold Corporate Presentation May 2024
 
Engagement Rings vs Promise Rings | Detailed Guide
Engagement Rings vs Promise Rings | Detailed GuideEngagement Rings vs Promise Rings | Detailed Guide
Engagement Rings vs Promise Rings | Detailed Guide
 
NewBase 24 May 2024 Energy News issue - 1727 by Khaled Al Awadi_compresse...
NewBase   24 May  2024  Energy News issue - 1727 by Khaled Al Awadi_compresse...NewBase   24 May  2024  Energy News issue - 1727 by Khaled Al Awadi_compresse...
NewBase 24 May 2024 Energy News issue - 1727 by Khaled Al Awadi_compresse...
 
The Inspiring Personality To Watch In 2024.pdf
The Inspiring Personality To Watch In 2024.pdfThe Inspiring Personality To Watch In 2024.pdf
The Inspiring Personality To Watch In 2024.pdf
 
Event Report - IBM Think 2024 - It is all about AI and hybrid
Event Report - IBM Think 2024 - It is all about AI and hybridEvent Report - IBM Think 2024 - It is all about AI and hybrid
Event Report - IBM Think 2024 - It is all about AI and hybrid
 
Stages of Startup Funding - An Explainer
Stages of Startup Funding - An ExplainerStages of Startup Funding - An Explainer
Stages of Startup Funding - An Explainer
 
بروفايل شركة ميار الخليج للاستشارات الهندسية.pdf
بروفايل شركة ميار الخليج للاستشارات الهندسية.pdfبروفايل شركة ميار الخليج للاستشارات الهندسية.pdf
بروفايل شركة ميار الخليج للاستشارات الهندسية.pdf
 
Shoe Deodorizer Manufacturing Plant Project Report.pptx
Shoe Deodorizer Manufacturing Plant Project Report.pptxShoe Deodorizer Manufacturing Plant Project Report.pptx
Shoe Deodorizer Manufacturing Plant Project Report.pptx
 
Special Purpose Vehicle (Purpose, Formation & examples)
Special Purpose Vehicle (Purpose, Formation & examples)Special Purpose Vehicle (Purpose, Formation & examples)
Special Purpose Vehicle (Purpose, Formation & examples)
 
Vendors of country report usefull datass
Vendors of country report usefull datassVendors of country report usefull datass
Vendors of country report usefull datass
 
Salesforce Loyalty Management A Comprehensive.pdf
Salesforce Loyalty Management A Comprehensive.pdfSalesforce Loyalty Management A Comprehensive.pdf
Salesforce Loyalty Management A Comprehensive.pdf
 

The economy growth of brazil

  • 1. The economy growth of Brazil Ankur Patel Amity ,Noida(MBA-IB)
  • 2. Point of view About Brazil Economy-Overview Economic Indicators 1. GDP and GDP Growth rate 2. Inflation 3. Unemployment 4. Export-Import 5. Current account balance 6. FDI The Brazilian Economy by Sector Concluding Remarks
  • 3. About Brazil GDP R$ 3.143 trillion
  • 4. Economy-Overview The economy of Brazil is the world's eighth largest by nominal GDP and ninth largest by purchasing power parity 2. The present GDP is $3.143 trillion and the real growth rate of GDP is 3.7%. 3. Its current GDP (PPP) per capita is $10,200. 4. Rate of unemployment is 9.6% 5. Inflation rate is 3%. 6. Major industries are textiles, shoes, chemicals, aircraft, steel, motor vehicles, etc. Agricultural products includes coffee, wheat, coca, rice, sugarcane etc.
  • 5. 1. GDP and GDP Growth rate 2. Inflation Economic Indicators 3. Unemployment 6. FDI 4. Export-Import 5. Current account balance
  • 6. 1. GDP and GDP Growth rate Rank-8
  • 7. 2. Inflation Rank-66
  • 9. 4. Export-Import Exports: Rank-23$158.9 billion (2009 est.) $197.9 billion (2008 est.)  Exports - commodities:transport equipment, iron ore, soybeans,footwear, coffee, autos. Imports: Rank-25$136 billion (2009 est.) $173.1 billion (2008 est.)  Imports - commodities:machinery, electrical and transport equipment, chemical products, oil, automotive parts, electronic 04-08 2009 2010 2011 Exports (% growth) 22.1 -22.7 13.0 18.0 Imports (% growth) 29.1 -26.3 44.0 8.0
  • 10. 5. Current account balance Rank-172 Current Account (% of GDP) 0.6 (04-08) -1.5 (09) -3.5 (10) -2.8 (11)
  • 11. 6. FDI Rank-23
  • 12. The Brazilian Economy by Sector Agriculture - products: Coffee, soybeans, wheat, rice, corn, sugarcane, cocoa. Brazil is the world’s leading producer and exporter of coffe-35%. Industries:Textiles, shoes, chemicals, cement, lumber, iron, tin, steel, aircraft, motor vehicles and parts, other machinery and equipment
  • 13. Concluding Remarks Brazil’s fiscal strategy remains questionable. 2. Infrastructure investment will be needed for leading productivity to a higher and sustainable path. 3. Complex taxation is one reason for the poor performance of GDP growth in Brazil.