Brazil saw a market capitalization growth of 93 per cent and GDP growth of 5.1 per cent. "At the same time, net private capital flows to Latin America doubled in 2007, contributing to the Bovespa Stock Exchange's fourth-place ranking among the world's largest IPO markets and 7.2 per cent market-share gain," the World Wealth report said. Brazil's economy has grown on the back of a strong agricultural, mining, manufacturing and service sectors.

Brazil reaped the benefits of sharp increases in food and energy prices throughout last year. Brazil is the world's largest exporter of ethanol, giving it an important stake in the alternative energy market, which is gaining popularity as oil and conventional energy prices continue to rise around the world, says the report.