Brazilian-American Capital and Investment Exchange Analysis
18
II. UNITED STATES: ONE OF THE MAIN
SOURCES OF FDI IN BRAZIL
In 2012, Brazil's total stock of FDI was US$746 billion. The
largest share of this amount (88.96%) came from developed
economies. Developing economies accounted for 11%, while
economies in transition and investment with an unspecified
origin represented the remainder, of around 0.04%. The
United States accounted for the second largest share of
FDI in Brazil (15.2%, or US$113.4 billion), behind only the
Netherlands (US$212.5 billion).
FDI inflows into Brazil rose significantly between 2003 and
2012, from US$9.3 billion to US$65.2 billion. The highlight was
the three-year period of 2010-2012, when the average annual
inflow was US$60.1 billion. FDI inflows from the United States
increased from an average of US$2.9 billion from 2003-2005 to
US$8.1 billion over the last three-year period.
However, between the first and last three-year period,
there was a decline in the United States' average share of
FDI inflows into Brazil, from 20.6% to 13.5%, reflecting a
diversification of foreign investment origins over the course
of the decade in question. The large growth in FDI in Brazil
originating from Europe explains the fall in the U.S. share.
Between 2003-2005 and 2010-2012, Europe's average share
increased from 45.2% to 58.8%.
In the last years, the United
States accounted for the second
largest share of FDI in Brazil,
behind only the Netherlands.
US$ million
70,000
60,000
50,000
18% 19%
40,000
30,000
20,000
10,000
9,320
1,720
18,570
3,455
15,045
3,673
15,373
2,192
11.00%
88.96%
Developed Ecnomies.
Source: UNCTAD
24%
14%
2,851
26,074
Stock of FDI in Brazil by Origin, 2012
Developing Economies
FDI Inflows into Brazil by Origin
30,064
11%
7%
19,906
6%
2,207
11%
48,506
8%
0
2003 2004 2005 2006
2007 2008
2009 2010 2011 2012
World
United States
Source: UNCTAD
1,277
US Share
5,348
5,572
13,509
0%
5%
09
10%
272
25%
21%
20%
15%
Share
30%
UNITED STATES
15,2%
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