Private Equity and Venture Capital in Brazil - BVCA admin
Private Equity and Venture Capital in Brazil - BVCA admin
Private Equity and Venture Capital in Brazil - BVCA admin
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A Brief Macro Overview<br />
30.0%<br />
25.0%<br />
20.0%<br />
15.0%<br />
10.0%<br />
5.0%<br />
0.0%<br />
15.0%<br />
13.0%<br />
11.0%<br />
9.0%<br />
7.0%<br />
5.0%<br />
3.0%<br />
1.0%<br />
-1.0%<br />
-3.0%<br />
-5.0%<br />
16.4%<br />
13.0%<br />
1948<br />
15.3%<br />
1950<br />
1952<br />
Post-war<br />
1954<br />
1956<br />
1958<br />
1960<br />
1962<br />
1964<br />
1966<br />
Total Investments <strong>in</strong> <strong>Brazil</strong> as a % of GDP<br />
<strong>Private</strong><br />
16.1% 15.9% 16.4%<br />
12.6% 13.5% 13.2%<br />
13.4%<br />
17.4%<br />
14.5%<br />
Public<br />
19.1%<br />
15.5%<br />
3.4% 2.7% 2.6% 2.7% 3.0% 2.9% 3.6% 4.3%<br />
<strong>Brazil</strong> GDP Evolution (YoY Change %)<br />
Economic miracle<br />
2002 2003 2004 2005 2006 2007 2008 2009 2010 2011E 2012E 2013E 2014E<br />
12.6%<br />
1968<br />
1970<br />
Sources (top left to bottom right): Instituto Brasileiro de Geografia e Estatística (IBGE) – 2010; M<strong>in</strong>istério da Fazenda; Fundação Getulio Vargas (FGV).<br />
1972<br />
1974<br />
1976<br />
1978<br />
1980<br />
1982<br />
Lost decade<br />
“Chicken hops”<br />
1984<br />
1986<br />
1988<br />
1990<br />
1992<br />
1994<br />
Middle & Lower Income Class as a % of Population <strong>in</strong> <strong>Brazil</strong><br />
1996<br />
1998<br />
Real Plan<br />
Total Middle Class (C Class) Lower Income Level (E Class)<br />
16.9%<br />
18.4%<br />
20.4%<br />
21.6%<br />
23.0%<br />
24.1%<br />
2000<br />
29% 30% 28% 24% 23% 21%<br />
2002<br />
2004<br />
2006<br />
18% 18%<br />
42% 42% 44% 46% 48% 50% 52% 53%<br />
2002 2003 2004 2005 2006 2007 2008 2009<br />
2008<br />
2010
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