International advisory
Heavy taxes and a lot of bureaucracy. Those are the thoughts that came to my mind when I saw the latest FGV estimate; Brazil’s informal economy is R$578bn, or the equivalent to Argentina’s total GDP.
The good news is that although sizeable, the statistic reveals a more formalized economy than in 2003, when 23% of GDP was estimated to be informal.
Hildete de Moraes Vodopives is founder of Brazil Global and of the Harvard Strategists Group. She has a PhD in Economic History and advises companies and investment agencies in international business development.She served as Corporate Relations Director and later, on the board of the Brazilian Investment Analysts Association (APIMEC). View more posts
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