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Brazil Economy 2010
https://workmall.com/wfb2010/brazil/brazil_economy.html
SOURCE: 2010 CIA WORLD FACTBOOK AND OTHER SOURCES

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Brazil Economy 2010
SOURCE: 2010 CIA WORLD FACTBOOK AND OTHER SOURCES


Page last updated on January 27, 2010

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 macroeconomic stability, building up foreign reserves, reducing its debt profile by shifting its debt burden toward real denominated and domestically held instruments, adhering to an inflation target, and committing to fiscal responsibility. In 2008, Brazil became a net external creditor, Brazil's external debt totaled less than its foreign reserve holdings, 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 Braxil in September 2008. Brazil's currency and its stock market - Bovespa - saw huge swings as foreign investors pulled out of Brazil. 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. Consumer and investor confidence revived and GDP growth returned to positive in the second quarter, 2009. The Central Bank expects growth of 5% for 2010.

GDP (purchasing power parity):
$2.024 trillion (2009 est.)

$2.022 trillion (2008 est.)
$1.924 trillion (2007 est.)
note: data are in 2009 US dollars

GDP (official exchange rate):
$1.482 trillion (2009 est.)

GDP - real growth rate:
0.1% (2009 est.)

5.1% (2008 est.)
6.1% (2007 est.)

GDP - per capita (PPP):
$10,200 (2009 est.)

$10,300 (2008 est.)
$9,900 (2007 est.)
note: data are in 2009 US dollars

GDP - composition by sector:
agriculture: 6.5%
industry: 25.8%
services: 67.7% (2009 est.)

Labor force:
95.21 million (2009 est.)

Labor force - by occupation:
agriculture: 20%
industry: 14%
services: 66% (2003 est.)

Unemployment rate:
7.4% (2009 est.)

7.892% (2008 est.)

Population below poverty line:
26% (2005)

Household income or consumption by percentage share:
lowest 10%: 1.1%
highest 10%: 43% (2007)

Distribution of family income - Gini index:
56.7 (2005)

60.7 (1998)

Investment (gross fixed):
17% of GDP (2009 est.)

Budget:
revenues: NA
expenditures: NA

Public debt:
46.8% of GDP (2009 est.)

38.8% of GDP (2008 est.)

Inflation rate (consumer prices):
4.2% (2009 est.)

5.9% (2008 est.)

Central bank discount rate:
20.48% (31 December 2008)

17.85% (31 December 2007)

Commercial bank prime lending rate:
47.25% (31 December 2008)

43.72% (31 December 2007)

Stock of money:
$95.03 billion (31 December 2008)

$131.1 billion (31 December 2007)

Stock of quasi money:
$724.5 billion (31 December 2008)

$792.8 billion (31 December 2007)

Stock of domestic credit:
$1.249 trillion (31 December 2008)

$1.377 trillion (31 December 2007)

Market value of publicly traded shares:
$589.4 billion (31 December 2008)

$1.37 trillion (31 December 2007)
$711.1 billion (31 December 2006)

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:
-7% (2009 est.)

Electricity - production:
438.8 billion kWh (2007 est.)

Electricity - consumption:
404.3 billion kWh (2007 est.)

Electricity - exports:
2.034 billion kWh (2007 est.)

Electricity - imports:
42.06 billion kWh; note - supplied by Paraguay (2008 est.)

Oil - production:
2.422 million bbl/day (2008 est.)

Oil - consumption:
2.52 million bbl/day (2008 est.)

Oil - exports:
570,100 bbl/day (2007 est.)

Oil - imports:
632,900 bbl/day (2007 est.)

Oil - proved reserves:
12.62 billion bbl (1 January 2009 est.)

Natural gas - production:
12.62 billion cu m (2008 est.)

Natural gas - consumption:
23.65 billion cu m (2008 est.)

Natural gas - exports:
0 cu m (2008 est.)

Natural gas - imports:
11.03 billion cu m (2008 est.)

Natural gas - proved reserves:
365 billion cu m (1 January 2009 est.)

Current account balance:
$-11.28 billion (2009 est.)

$-28.19 billion (2008 est.)

Exports:
$158.9 billion (2009 est.)

$197.9 billion (2008 est.)

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

Exports - partners:
US 14.4%, China 12.4%, Argentina 8.4%, Netherlands 5%, Germany 4.5% (2008)

Imports:
$136 billion (2009 est.)

$173.1 billion (2008 est.)

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

Imports - partners:
US 14.9%, China 11.6%, Argentina 7.9%, Germany 7% (2008)

Reserves of foreign exchange and gold:
$238 billion (11 December 2009 est.)

$193.8 billion (31 December 2008 est.)

Debt - external:
$216.1 billion (31 December 2009 est.)

$262.9 billion (31 December 2008 est.)

Stock of direct foreign investment - at home:
$318.5 billion (31 December 2009 est.)

$294 billion (31 December 2008 est.)

Stock of direct foreign investment - abroad:
$124.3 billion (31 December 2009 est.)

$127.5 billion (31 December 2008 est.)

Exchange rates:
reals (BRL) per US dollar - 2.0322 (2009), 1.8644 (2008), 1.85 (2007), 2.1761 (2006), 2.4344 (2005)


NOTE: The information regarding Brazil on this page is re-published from the 2010 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Brazil Economy 2010 information contained here. All suggestions for corrections of any errors about Brazil Economy 2010 should be addressed to the CIA.






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