Brazil Falters When It Comes to Doing Business

According to The World Bank, among 189 countries Brazil ranked 111 in doing business in 2015. The country is expected to drop five spots between 2015 and 2016. When it comes to starting a business, the country, which ranked 166 in 2015, falls below regional counterparts Chile (62), Colombia (84) and Mexico (65). Brazil is expected to drop to 174 in 2016. Currently, the country`s economic woes have made starting and doing business a difficult task. In 2015, Brazil lost nearly 100,000 stores or 13% of total stores in the country.

For more information read The World Bank's report. Doing Business in Brazil - The World Bank