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Brazil Economy 2012

SOURCE: 2012 CIA WORLD FACTBOOK AND OTHER SOURCES











Brazil Economy 2012
SOURCE: 2012 CIA WORLD FACTBOOK AND OTHER SOURCES


Page last updated on February 21,

Economy - overview:
Characterized by large and well-developed agricultural, mining, manufacturing, and service sectors, Brazil's economy outweighs that of all other South American countries, and Brazil is expanding its presence in world markets. Since 2003, Brazil has steadily improved its macroeconomic stability, building up foreign reserves, and reducing its debt profile by shifting its debt burden toward real denominated and domestically held instruments. In 2008, Brazil became a net external creditor and two ratings agencies awarded investment grade status to its debt. After record growth in 2007 and 2008, the onset of the global financial crisis hit Brazil in September 2008. Brazil experienced two quarters of recession, as global demand for Brazil's commodity-based exports dwindled and external credit dried up. However, Brazil was one of the first emerging markets to begin a recovery. In 2010 consumer and investor confidence revived and GDP growth reached 7.5%, the highest growth rate in the past 25 years. Brazil has since then experienced an economic slowdown, driven primarily by a faltering industrial sector and Brazil's fast-rising currency. Brazil's high interest rates make it an attractive destination for foreign investors. Large capital inflows over the past several years have contributed to the rapid appreciation of its currency and led the government to raise taxes on some foreign investments. President Dilma ROUSSEFF has pledged to retain the previous administration's commitment to inflation targeting by the central bank, a floating exchange rate, and fiscal restraint.

GDP (purchasing power parity):
$2.284 trillion (2011 est.)
country comparison to the world: 8

$2.222 trillion (2010 est.)
$2.067 trillion (2009 est.)
note: data are in 2011 US dollars
[see also: GDP country ranks ]

GDP (official exchange rate):
$2.518 trillion (2011 est.)
[see also: GDP (official exchange rate) country ranks ]

GDP - real growth rate:
2.8% (2011 est.)
country comparison to the world: 128

7.5% (2010 est.)
-0.6% (2009 est.)
[see also: GDP - real growth rate country ranks ]

GDP - per capita (PPP):
$11,600 (2011 est.)
country comparison to the world: 100

$11,300 (2010 est.)
$10,800 (2009 est.)
note: data are in 2011 US dollars
[see also: GDP - per capita country ranks ]

GDP - composition by sector:
agriculture: 5.8%
[see also: GDP - composition by sector - agriculture country ranks ]
industry: 26.9%
[see also: GDP - composition by sector - industry country ranks ]
services: 67.3% (2011 est.)
[see also: GDP - composition by sector - services country ranks ]

Labor force:
104.3 million (2011 est.)
country comparison to the world: 6
[see also: Labor force country ranks ]

Labor force - by occupation:
agriculture: 20%
[see also: Labor force - by occupation - agriculture country ranks ]
industry: 14%
[see also: Labor force - by occupation - industry country ranks ]
services: 66% (2003 est.)
[see also: Labor force - by occupation - services country ranks ]

Unemployment rate:
6.1% (2011 est.)
country comparison to the world: 62

6.7% (2010 est.)
[see also: Unemployment rate country ranks ]

Population below poverty line:
26% (2008)
[see also: Population below poverty line country ranks ]

Household income or consumption by percentage share:
lowest 10%: 1.2%
[see also: Household income or consumption by percentage share - lowest 10% country ranks ]
highest 10%: 42.5% (2009)
[see also: Household income or consumption by percentage share - highest 10% country ranks ]

Distribution of family income - Gini index:
53.9 (2009)
country comparison to the world: 13

60.7 (1998)
[see also: Distribution of family income - Gini index country ranks ]

Investment (gross fixed):
19% of GDP (2011 est.)
country comparison to the world: 134
[see also: Investment (gross fixed) country ranks ]

Budget:
revenues: $1.005 trillion
[see also: Budget revenues country ranks ]
expenditures: $930.9 billion (2011 est.)
[see also: Budget expenditures country ranks ]

Taxes and other revenues:
39.9% of GDP (2011 est.)
country comparison to the world: 42
[see also: Taxes and other revenues country ranks ]

Budget surplus (+) or deficit (-):
2.9% of GDP (2011 est.)
country comparison to the world: 19
[see also: Budget surplus (+) or deficit (-) country ranks ]

Public debt:
54.4% of GDP (2011 est.)
country comparison to the world: 46

54.7% of GDP (2010 est.)
[see also: Public debt country ranks ]

Inflation rate (consumer prices):
6.9% (2011 est.)
country comparison to the world: 150

5% (2010 est.)
[see also: Inflation rate (consumer prices) country ranks ]

Central bank discount rate:
11% (31 December 2011 est.)
country comparison to the world: 28

10.75% (31 December 2010 est.)
[see also: Central bank discount rate country ranks ]

Commercial bank prime lending rate:
45.6% (31 December 2011 est.)
country comparison to the world: 4

39.992% (31 December 2010 est.)
[see also: Commercial bank prime lending rate country ranks ]

Stock of narrow money:
$204.1 billion (31 December 2011 est.)
country comparison to the world: 19

$169.2 billion (31 December 2010 est.)
[see also: Stock of narrow money country ranks ]

Stock of broad money:
$1.878 trillion (30 November 2011 est.)
country comparison to the world: 10

$1.826 trillion (31 December 2010 est.)
[see also: Stock of broad money country ranks ]

Stock of domestic credit:
$2.769 trillion (31 December 2011 est.)
country comparison to the world: 10

$2.193 trillion (31 December 2010 est.)
[see also: Stock of domestic credit country ranks ]

Market value of publicly traded shares:
$1.546 trillion (31 December 2010)
country comparison to the world: 13

$1.167 trillion (31 December 2009)
$589.4 billion (31 December 2008)
[see also: Market value of publicly traded shares country ranks ]

Agriculture - products:
coffee, soybeans, wheat, rice, corn, sugarcane, cocoa, citrus; beef

Industries:
textiles, shoes, chemicals, cement, lumber, iron ore, tin, steel, aircraft, motor vehicles and parts, other machinery and equipment

Industrial production growth rate:
4% (2011 est.)
country comparison to the world: 90
[see also: Industrial production growth rate country ranks ]

Electricity - production:
461.1 billion kWh (2009 est.)
country comparison to the world: 10
[see also: Electricity - production country ranks ]

Electricity - consumption:
421 billion kWh (2009 est.)
country comparison to the world: 10
[see also: Electricity - consumption country ranks ]

Electricity - exports:
1.08 billion kWh (2009 est.)
[see also: Electricity - exports country ranks ]

Electricity - imports:
39.67 billion kWh; note - supplied by Paraguay (2009 est.)
[see also: Electricity - imports country ranks ]

Oil - production:
2.746 million bbl/day (2010 est.)
country comparison to the world: 9
[see also: Oil - production country ranks ]

Oil - consumption:
2.654 million bbl/day (2010 est.)
country comparison to the world: 6
[see also: Oil - consumption country ranks ]

Oil - exports:
699,000 bbl/day (2009 est.)
country comparison to the world: 24
[see also: Oil - exports country ranks ]

Oil - imports:
720,000 bbl/day (2009 est.)
country comparison to the world: 20
[see also: Oil - imports country ranks ]

Natural gas - production:
12.41 billion cu m (2010 est.)
country comparison to the world: 37
[see also: Natural gas - production country ranks ]

Natural gas - consumption:
25.13 billion cu m (2010 est.)
country comparison to the world: 30
[see also: Natural gas - consumption country ranks ]

Natural gas - exports:
0 cu m (2010 est.)
country comparison to the world: 67
[see also: Natural gas - exports country ranks ]

Natural gas - imports:
12.72 billion cu m (2010 est.)
country comparison to the world: 20
[see also: Natural gas - imports country ranks ]

Natural gas - proved reserves:
366.4 billion cu m (1 January 2011 est.)
country comparison to the world: 35
[see also: Natural gas - proved reserves country ranks ]

Current account balance:
-$63.47 billion (2011 est.)
country comparison to the world: 193

-$47.36 billion (2010 est.)
[see also: Current account balance country ranks ]

Exports:
$250.8 billion (2011 est.)
country comparison to the world: 24

$201.9 billion (2010)
[see also: Exports country ranks ]

Exports - commodities:
transport equipment, iron ore, soybeans, footwear, coffee, autos

Exports - partners:
China 15.2%, US 9.6%, Argentina 9.2%, Netherlands 5.1%, Germany 4% (2010)

Imports:
$219.6 billion (2011 est.)
country comparison to the world: 22

$181.7 billion (2010 est.)
[see also: Imports country ranks ]

Imports - commodities:
machinery, electrical and transport equipment, chemical products, oil, automotive parts, electronics

Imports - partners:
US 15%, China 14.1%, Argentina 7.9%, Germany 6.9%, South Korea 4.6% (2010)

Reserves of foreign exchange and gold:
$357.9 billion (31 December 2011 est.)
country comparison to the world: 6

$288.6 billion (31 December 2010 est.)
[see also: Reserves of foreign exchange and gold country ranks ]

Debt - external:
$410 billion (31 December 2011 est.)
country comparison to the world: 26

$346.5 billion (31 December 2010 est.)
[see also: Debt - external country ranks ]

Stock of direct foreign investment - at home:
$426.4 billion (31 December 2011 est.)
country comparison to the world: 13

$368.4 billion (31 December 2010 est.)
[see also: Stock of direct foreign investment - at home country ranks ]

Stock of direct foreign investment - abroad:
$113.9 billion (31 December 2011 est.)
country comparison to the world: 26

$128.9 billion (31 December 2010 est.)
[see also: Stock of direct foreign investment - abroad country ranks ]

Exchange rates:
reals (BRL) per US dollar -

1.602 (2011 est.)
1.76 (2010 est.)
2 (2009)
1.8644 (2008)
1.85 (2007)


NOTE: 1) The information regarding Brazil on this page is re-published from the 2012 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Brazil Economy 2012 information contained here. All suggestions for corrections of any errors about Brazil Economy 2012 should be addressed to the CIA.
2) The rank that you see is the CIA reported rank, which may habe the following issues:
  a) They assign increasing rank number, alphabetically for countries with the same value of the ranked item, whereas we assign them the same rank.
  b) The CIA sometimes assignes counterintuitive ranks. For example, it assigns unemployment rates in increasing order, whereas we rank them in decreasing order






This page was last modified 07-Mar-12
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