| GEOGRAPHIC NAMES | GEOLOGY | USA STATS | CHINA STATS | COUNTRY CODES | AIRPORTS | RELIGION | JOBS |

Brazil Economy 2014

SOURCE: 2014 CIA WORLD FACTBOOK AND OTHER SOURCES











Brazil Economy 2014
SOURCE: 2014 CIA WORLD FACTBOOK AND OTHER SOURCES


Page last updated on January 31, 2014

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 strong growth in 2007 and 2008, the onset of the global financial crisis hit Brazil in 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. Rising inflation led the authorities to take measures to cool the economy; these actions and the deteriorating international economic situation slowed growth to 2.7% in 2011, and 1.3% in 2012. Unemployment is at historic lows and Brazil's traditionally high level of income inequality has declined for each of the last 14 years. Brazil's historically high interest rates have made it an attractive destination for foreign investors. Large capital inflows over the past several years have contributed to the appreciation of the currency, hurting the competitiveness of Brazilian manufacturing and leading the government to intervene in foreign exchange markets and raise taxes on some foreign capital inflows. President Dilma ROUSSEFF has retained the previous administration's commitment to inflation targeting by the central bank, a floating exchange rate, and fiscal restraint. In an effort to boost growth, in 2012 the administration implemented a somewhat more expansionary monetary policy that has failed to stimulate much growth.

GDP (purchasing power parity):
$2.33 trillion (2012 est.)
country comparison to the world: 8

$2.31 trillion (2011 est.)
$2.249 trillion (2010 est.)
note: data are in 2012 US dollars
[see also: GDP country ranks ]

GDP (official exchange rate):
$2.223 trillion (2012 est.)
[see also: GDP (official exchange rate) country ranks ]

GDP - real growth rate:
0.9% (2012 est.)
country comparison to the world: 163

2.7% (2011 est.)
7.5% (2010 est.)
[see also: GDP - real growth rate country ranks ]

GDP - per capita:
$11,700 (2012 est.)
country comparison to the world: 107

$11,700 (2011 est.)
$11,500 (2010 est.)
note: data are in 2012 US dollars
[see also: GDP - per capita country ranks ]

Gross national saving:
15.2% of GDP (2012 est.)
country comparison to the world: 102

17.6% of GDP (2011 est.)
18% of GDP (2010 est.)
[see also: Gross national saving country ranks ]

GDP - composition, by end use:
household consumption: 62.3%
[see also: GDP - composition, by end use - household consumption country ranks ]
government consumption: 21.5%
investment in fixed capital: 18.1%
investment in inventories: -0.5%
exports of goods and services: 12.6%
imports of goods and services: -14%

(2012 est.)

GDP - composition, by sector of origin:
agriculture: 5.2%
[see also: GDP - composition, by sector of origin - agriculture country ranks ]
industry: 26.3%
services: 68.5%

(2012 est.)

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:
-0.8% (2012 est.)
country comparison to the world: 142
[see also: Industrial production growth rate country ranks ]

Labor force:
105.7 million (2012 est.)
country comparison to the world: 6
[see also: Labor force country ranks ]

Labor force - by occupation:
agriculture: 15.7%
[see also: Labor force - by occupation - agriculture country ranks ]
industry: 13.3%
services: 71%

(2011 est.)

Unemployment rate:
5.5% (2012 est.)
country comparison to the world: 52

6% (2011 est.)
[see also: Unemployment rate country ranks ]

Population below poverty line:
21.4%
note: official Brazilian data show 4.2% of the population being below the "extreme" poverty line in 2011 (2009 est.)
[see also: Population below poverty line country ranks ]

Household income or consumption by percentage share:
lowest 10%: 0.8%
[see also: Household income or consumption by percentage share - lowest 10% country ranks ]
highest 10%: 42.9% (2009 est.)

Distribution of family income - Gini index:
51.9 (2012)
country comparison to the world: 17

55.3 (2001)
[see also: Distribution of family income - Gini index country ranks ]

Budget:
revenues: $875.5 billion
[see also: Budget revenues country ranks ]
expenditures: $822.1 billion (2012 est.)

Taxes and other revenues:
39.4% of GDP (2012 est.)
country comparison to the world: 50
[see also: Taxes and other revenues country ranks ]

Budget surplus (+) or deficit (-):
2.4% of GDP (2012 est.)
country comparison to the world: 19
[see also: Budget surplus (+) or deficit (-) country ranks ]

Public debt:
58.8% of GDP (2012 est.)
country comparison to the world: 48

54.2% of GDP (2011 est.)
[see also: Public debt country ranks ]

Fiscal year:
calendar year

Inflation rate (consumer prices):
5.4% (2012 est.)
country comparison to the world: 152

6.6% (2011 est.)
[see also: Inflation rate (consumer prices) country ranks ]

Central bank discount rate:
7.25% (31 December 2012 est.)
country comparison to the world: 22

11% (31 December 2011 est.)
[see also: Central bank discount rate country ranks ]

Commercial bank prime lending rate:
36.64% (31 December 2012 est.)
country comparison to the world: 2

43.88% (31 December 2011 est.)
[see also: Commercial bank prime lending rate country ranks ]

Stock of narrow money:
$159.1 billion (31 December 2012 est.)
country comparison to the world: 24

$152.1 billion (31 December 2011 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:
$2.381 trillion (31 December 2012 est.)
country comparison to the world: 11

$2.22 trillion (31 December 2011 est.)
[see also: Stock of domestic credit country ranks ]

Market value of publicly traded shares:
$1.229 trillion (31 December 2011)
country comparison to the world: 10

$1.546 trillion (31 December 2010)
$1.167 trillion (31 December 2009)
[see also: Market value of publicly traded shares country ranks ]

Current account balance:
$-54.23 billion (2012 est.)
country comparison to the world: 187

$-52.47 billion (2011 est.)
[see also: Current account balance country ranks ]

Exports:
$242.6 billion (2012 est.)
country comparison to the world: 24

$256 billion (2011 est.)
[see also: Exports country ranks ]

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

Exports - partners:
China 17%, US 11.1%, Argentina 7.4%, Netherlands 6.2% (2012)

Imports:
$223.2 billion (2012 est.)
country comparison to the world: 23

$226.2 billion (2011 est.)
[see also: Imports country ranks ]

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

Imports - partners:
China 15.3%, US 14.6%, Argentina 7.4%, Germany 6.4%, South Korea 4.1% (2012)

Reserves of foreign exchange and gold:
$373.1 billion (31 December 2012 est.)
country comparison to the world: 8

$352 billion (31 December 2011 est.)
[see also: Reserves of foreign exchange and gold country ranks ]

Debt - external:
$438.9 billion (31 December 2012 est.)
country comparison to the world: 26

$404.3 billion (31 December 2011 est.)
[see also: Debt - external country ranks ]

Stock of direct foreign investment - at home:
$604.5 billion (31 December 2012 est.)
country comparison to the world: 14

$539.2 billion (31 December 2011 est.)
[see also: Stock of direct foreign investment - at home country ranks ]

Stock of direct foreign investment - abroad:
$177.1 billion (31 December 2012 est.)
country comparison to the world: 25

$179.9 billion (31 December 2011 est.)
[see also: Stock of direct foreign investment - abroad country ranks ]

Exchange rates:
reals (BRL) per US dollar -

1.9546 (2012 est.)
1.675 (2011 est.)
1.7592 (2010 est.)
2 (2009)
1.8644 (2008)


NOTE: 1) The information regarding Brazil on this page is re-published from the 2014 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Brazil Economy 2014 information contained here. All suggestions for corrections of any errors about Brazil Economy 2014 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 06-Nov-14
Copyright © 1995- , ITA (all rights reserved).

    . Feedback