Though having followed different trajectories in the 20th century the Russian and Brazilian economies have much in common so it is worth looking in more detail at their similarities and differences.


This chart shows Russia pulling ahead in terms of income per capita despite Brazil leading in the 1990’s due to the chaos in Russia following the collapse of the Soviet Union.


The value in US$ of Russia’s exports is quite variable due to fluctuations in the price of oil but they can be said to average about US$500bn a year compared to US$300bn a year in Brazil.


Brazil has a higher % of manufactures in it’s overall exports but this has been on a downward slope from 55% at the turn of the Millennium to 35% today which is a worrying trend.


Russia has more engineers and scientists than Brazil but still lags behind the US. The one industry where Russia is still a major force is armaments where many of it’s companies have world beating technologies. In consumer goods both Russia and Brazil mostly manufacture foreign brands.


In Brazil life expectancy shows a linear improvement since 1960 whereas in Russia there was little increase during the Soviet period and a decline after it’s collapse. Only since 2005 has Russia experienced improving life expectancy.


Latin Report is not legally responsible for any decisions taken based on the views offered here or in our Reports.

Feed news

Latest Forex Analysis

Latest Forex Analysis

Editors’ Picks

EUR/USD eases below 1.1300 amid firmer yields, Fed’s Powell eyed

EUR/USD remains pressured towards 1.1250, reversing 2021’s biggest daily gains as the US dollar rebounds with the Treasury yields. Global scientists, policymakers placate fears of Omicron even as national border checks return to the table. German inflation, central bankers’ speeches eyed.


GBP/USD remains vulnerable below 1.3350 amid USD strength, Brexit woes

GBP/USD is trading below 1.3350, lacking any firm directional bias heading into the European session. Renewed USD buying acts as a headwind for the major amid Brexit and covid-related uncertainties. Expectations for a BoE rate hike limit the downside.


Gold faces a wall of resistance en-route $1,800

Gold price rebounds but not out of the woods yet while below $1,800. Omicron covid variant woes will continue to play out, impacting USD and gold.

Gold News

MATIC price eyes 15% advance as Uniswap prepares to migrate to Polygon

MATIC price recently swept the swing lows of a crucial barrier. This development comes as the cryptocurrency market recovers from the COVID-induced crash over the past three days.

Read more

Black Friday 2021 Discounts!

Do you want to take your trading skills to the next level? Now you have a chance of leaping forward at attractive introductory rates. For Black Friday, FXStreet is offering discounts of up to 50% on its upgraded Premium plans. 

Subscribe now!