Cost of living in Brazil

The military regime censored journalists and repressed and tortured dissidents in the late 1960s and early 1970s. The dictatorship lasted until 1985, when the military regime peacefully ceded power to civilian rulers, and the Brazilian Congress passed its current constitution in 1988. By far the largest and most populous country in South America, Brazil continues to pursue industrial and agricultural growth and development of its interior. Having successfully weathered a period of global financial difficulty in the late 20th century, Brazil was soon seen as one of the world's strongest emerging markets and a contributor to global growth under President Luiz Inácio LULA da Silva (2003-2010). The awarding of the 2014 FIFA World Cup and 2016 Summer Olympic Games -- the first ever to be held in South America -- to Brazil was symbolic of the country's rise. However, from about 2013 to 2016, Brazil was plagued by a sagging economy, high unemployment, and high inflation, only emerging from recession in 2017. Congress removed then-President Dilma ROUSSEFF (2011-2016) from office in 2016 for having committed impeachable acts against Brazil's budgetary laws, and her vice president, Michel TEMER, served the remainder of her second term. A money-laundering investigation, Operation Lava Jato, uncovered a vast corruption scheme and prosecutors charged several high-profile Brazilian politicians with crimes. Former President LULA was convicted of accepting bribes and served jail time (2018-19), although his conviction was overturned in 2021. LULA's revival became complete in 2022 when he narrowly defeated incumbent Jair BOLSONARO (2019-2022) in the presidential election. Positioning Brazil as an independent global leader on climate change and promoting sustainable development, LULA took on the 2024 G20 presidency, balancing the fight against deforestation with sustainable energy and other projects designed to alleviate poverty and promote economic growth, such as expanding fossil fuel exploration.