In 2023, Latam Airlines markedly boosted Brazil’s aviation sector, elevating its passenger count from 32 million to 39 million across both domestic and international flights. The National Civil Aviation Agency of Brazil (ANAC) reports that 54% of the aviation industry’s growth in 2023 can be credited to Chile-based Latam. This surge led total passenger numbers […]
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New business openings in São Paulo hit highest rate since 1998
Brazil’s São Paulo state set a new record for business openings in August. Over 30,000 new firms sprang up across the state. The government celebrated this, focusing on job growth and higher income. The commercial registry, Jucesp, reported 30,697 new firms last month. This number was spread across all of São Paulo’s 645 towns. Before […]
Brazil’s Trade Strength Offsets Financial Outflows in 2024 Currency Data
Brazil’s currency flow paints an intriguing picture of the country’s economic landscape in 2024. The Central Bank of Brazil reports a positive balance of US$5.904 billion as of October 4. This figure contrasts with the net inflow of US$11.491 billion recorded in 2023. The financial channel presents a different story, showing a net outflow of […]
