Stability keeps powering the Brazilian growth after Dilma took the reigns firm over from Lula.
Tourism incomes in 2011 will raise to R$ 129,6 billion in 2011, growing 4,8% compared to 2010 and representing 3,3 of Brazil’s GDP.
Even Infraero, the state-owned company managing the 67 main airports in Brazil made a profit of R$ 234 million in 2010, surprising for a company known for… not being all that efficient. Things might change for the good with the planned 9 billion R$ of investments in airport upgrades until 2014.
In the first 10 days of March, US$ 2 billion of investments entered the country, totaling US$ 24,43 billion, almost the same volume as the 26,00 US$ for the complete 2010 year.
An overview of some main invetsments in 2011:
Petrbras will invest R$ 96 billion, Vale US$ 24 and Braskem, the petrochemic branc of Odebrecht R$ 1,6 billion (production of eco-friendly plastic made from sugar-cane).
Gerdau, the steel producer, will invest R$ 10,8 billion until 2015, OI, the telco company R$ 6 billion this year (the double of last year), Bradesco (the bank) will invest R$ 5 billion in upgrading its agencies and expansion of its reach, Fiat will invest R$ 7 billion in new production lines. All in 2011.
Some 2011-2014 revenue growth figures of industries:
The revenue of Petrbras will grow 84% (13% per year), chemic industry 78% (12,3% per year), paper & cellulos 52% (8,7% per year), car industry 31% (5,6% per year), electronics 48% (8,2% per year), textile & confection 39% (6,8% per year):
And the figures on the much-needed infrastrcuture upgrades: investments 2011-2014 compared to the 2006-2009 investments:
1. Logistics: 134% more than in 2006-2009
2. Railways: 200% more than in 2006-2009
3. Highways: 71% more than in 2006-2009
4. Ports: 225% more than in 2006-2009
Happily surprised to see that 60 billion R$ will be invested in railways versus the 51 billion R$ in highways.
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