Driver Overview
This section shows a country’s rank, ranking change and score for each of the eight drivers. It also categorises each country’s driver performance on a scale from “Emerging” (score from 0-20) to “Global Leader” (score from 80-100).
Rank
Score /100
Best practice
Metric Overview
Strengths
Cost to start a business
According to the World Bank, the average cost of starting a business is 4.2% of income per capita, substantially lower than the Americas average of 31.4% of income per capita. Brazil is the second cheapest Latin American country in which to start a business, trailing only Chile (at 2.7% of income per capita).
Financial stability
Despite the recent recession, Brazil's financial sector has remained resilient. The International Monetary Fund notes that Brazil has prudent lending standards, high interest margins and fees that support profitability and help banks to remain liquid. The long-term impact of the COVID-19 pandemic is a concern.
Strength of insolvency framework
Brazil has a solid framework for reorganisation and bankruptcy which governs formal insolvency. This ensures investors have appropriate protection and helps attract investment for potential infrastructure projects.
Top Performing Metrics
Top Performing Metrics
This is defined by the metrics with the highest unweighted score out of 100.
Permits:
Cost to start a business
Financial markets:
Financial stability
Regulatory frameworks:
Strength of insolvency framework
Opportunities to Grow
Market sounding and/or assessment
According to the World Bank, there is no regulated requirement to undertake market soundings in Brazil. Adding one could allow the government to determine if there is an interest from investors and lenders to provide commercial financing for projects.
Dealing with construction permits
According to the World Bank, in Brazil it takes 384 days to obtain a construction permit, one of the longest timeframes among InfraCompass countries. Expediting this process could significantly impact investment in infrastructure by helping to reduce delays.
Environmental impact analysis
According to the World Bank, Brazil does not have a standardized requirement for environmental impact assessment. However, Brazil has policy guidelines and a systematic framework in place to determine and mitigate the potential environmental impact of all new infrastructure developments through its planning process, and a environmental assessment of all PPP projects are mandatory by law.
Metrics to Improve
Metrics to Improve
This is defined by the metrics with the lowest weighted score out of 100, such that these metrics would have the greatest impact on the overall score.
For metrics that have binary outcomes (yes=100/no=0), no comparative income group average is reported.
Planning:
Market sounding and/or assessment
Permits:
Dealing with construction permits
Planning:
Environmental impact analysis
Detailed Data
This section shows country data for each of the 41 metrics. The figures in brackets denote the change in score since InfraCompass 2017.
Note that all data has been normalised on a scale of 1-100. For raw metric data, please download the complete InfraCompass 2020 dataset.
Where relevant, some metric scores have been inverted, such that all metrics have positive relationships with good infrastructure outcomes. For example, since lower compliance costs make it easier to invest in infrastructure, the normalised value of ‘number of procedures to start a business’ has been reversed such that lower number of procedures are scored closer to 100, and higher numbers closer to 0. In other words, a score of 0 indicates a poor performance, rather than 0 number of procedures.
28.2%
The recovery rate is recorded as cents on the dollar recovered by secured creditors through reorganisation, liquidation or debt enforcement (foreclosure or receivership) proceedings.
20.7%
World Governance Composite Indicator reflecting perceptions of the extent to which agents have confidence in and abide by the rules of society, and in particular the quality of contract enforcement, property rights, the police, and the courts, as well as the likelihood of crime and violence. The rule of law reflects whether the law imposes limits of power on the state, private sector and individuals.
18.1%
Whether the country conducts post-completion reviews on infrastructure projects to ensure the forecast outcomes are being achieved.
15.1%
Measures the governance practices that protect shareholders through three dimensions: the extent of shareholder rights index (shareholders’ rights and role in major corporate decisions), the extent of ownership and control index (governance safeguards protecting shareholders from undue board control and entrenchment), and the extent of corporate transparency index (corporate transparency on ownership stakes).
12.8%
Political stability and absence of violence score
Measures perceptions of the likelihood of political instability and/or politically-motivated violence, including terrorism. Estimate gives the country's score on the aggregate indicator, in units of a standard normal distribution i.e. ranging from approximately -2.5 to 2.5.
5%
Whether an infrastructure agency exists to coordinate an integrated approach to infrastructure delivery and policy.
Brazil
Upper-middle Income Countries Average
Description
The recovery rate is recorded as cents on the dollar recovered by secured creditors through reorganisation, liquidation or debt enforcement (foreclosure or receivership) proceedings.
Weighting (% of Driver)
28.2%
Source Link
Description
World Governance Composite Indicator reflecting perceptions of the extent to which agents have confidence in and abide by the rules of society, and in particular the quality of contract enforcement, property rights, the police, and the courts, as well as the likelihood of crime and violence. The rule of law reflects whether the law imposes limits of power on the state, private sector and individuals.
Weighting (% of Driver)
20.7%
Description
Whether the country conducts post-completion reviews on infrastructure projects to ensure the forecast outcomes are being achieved.
Weighting (% of Driver)
18.1%
Source Link
Description
Measures the governance practices that protect shareholders through three dimensions: the extent of shareholder rights index (shareholders’ rights and role in major corporate decisions), the extent of ownership and control index (governance safeguards protecting shareholders from undue board control and entrenchment), and the extent of corporate transparency index (corporate transparency on ownership stakes).
Weighting (% of Driver)
15.1%
Source Link
Description
Measures perceptions of the likelihood of political instability and/or politically-motivated violence, including terrorism. Estimate gives the country's score on the aggregate indicator, in units of a standard normal distribution i.e. ranging from approximately -2.5 to 2.5.
Weighting (% of Driver)
12.8%
Description
Whether an infrastructure agency exists to coordinate an integrated approach to infrastructure delivery and policy.
Weighting (% of Driver)
5%
Source Link
Country Overview Data
7,564 USD
Population212.6 million persons
65.5 (0-100 best)
Infrastructure investment2.9% of GDP
Infrastructure gap1.8% of GDP
1,847 USD billion
GDP growth rate0.9%
GDP per capita growth rate-1.8%
Gini coefficient53.3 (0-100 worst)
Gross Government Debt92.0% of GDP
Inflation rate3.8%
Summary credit rating42.0 (0-100 best)
Unemployment rate12.2%
Urbanisation ratio87.0% of total population
Road connectivity76.1 (0-100 best)
3.0 (1-7 best)
Efficiency of train services2.5 (1-7 best)
Efficiency of air transport services4.4 (1-7 best)
Efficiency of seaport services3.2 (1-7 best)
Electricity access99.7% of population
Electricity supply quality16.1% of output lost
Exposure to unsafe drinking water9.7% of population
Reliability of water supply4.7 (1-7 best)
Digital Adoption Index0.7 (0-1 best)
Mobile-broadband subscriptions88.1 per 100 population
Fixed-broadband Internet subscriptions14.9 per 100 population