Why Brazil is so important for UK business?

The Prime Minister is in Brazil to promote UK businesses keen to get a foothold in one of the world's fastest-growing economies.

  • Economy grew by 2.7% last year (UK's grew by 0.8%)
  • A so-called BRIC nation (with Russia, India and China) expected to outpace rest of the world in growth
  • With 192 million people and rising incomes, Brazil is a huge potential export market
  • Its foreign debt is just 4% of GDP. Just 15 years ago it borrowed $42m from the IMF
  • Rich in natural resources including iron ore and oil
  • 2014 World Cup and 2016 Olympic Games will raise profile further