Brazil has a high bankruptcy rate and high uncollectable B2B receivables, impacting 82.6% of survey respondents. The main reasons for payment delays are insufficient availability of funds and complexity of the payment procedure. The GDP of Brazil is €1,618,892.06, with a GDP growth rate of 1.9% and an export annual growth rate of 6.2%. The main export sectors are mineral products, vegetable products, foodstuff, transportation, and machinery/electrical. The main import sectors are machinery/electrical, chemicals, mineral products, transportation, and miscellaneous. The proportion of uncollectable B2B receivables stands at a high 2.5%, largely driven by bankruptcies.
