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Brazil

Brazil Economy Stats

Edsel.G

Author: Edsel.G

Brazil is the seventh largest economy in the world and is currently the largest in Latin America. With vast natural resources and a strong and stable labor force, the upward trend of the Brazilian economy is set to continue in the foreseeable future. In fact, the World Bank has predicted based on existing data that the country will, in less than a decade or so, become the 5th largest economy in the world. It has recently achieved a milestone by surpassing the economic output of Russia, and closing in to Asian giants China and Japan.

Brazil is self-sufficient in petroleum, making it less vulnerable to highly unstable oil-dependent global market. It is also the world’s largest producer of hydroelectric power attributed mainly to its many huge river systems which run all throughout the country. It operates a civilian nuclear reactor, and is in the process of building more plants to produce 20% of the overall energy requirements of the country by the next decade.

The industrial sector of Brazil is highly sophisticated. Embraer, a Brazilian aircraft company, is considered as a competitor to Boeing and Airbus for aircraft sales globally (currently, the American and European manufacturers, respectively, are the two main aircraft manufacturers).

Brazil is set to host two huge events, the World Cup in 2014, and the Olympics in 2016. The said events will ultimately haul in millions of dollars from tourists and will elevate the status of Brazil as a true global economic power.

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. Consumer and investor confidence revived and GDP growth returned to positive in 2010, boosted by an export recovery. Brazil's strong growth and high interest rates make it an attractive destination for foreign investors. Large capital inflows over the past year 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.

Definitions

  • Budget > Revenues: Revenues calculated on an exchange rate basis, i.e., not in purchasing power parity (PPP) terms
  • Exports: This entry provides the total US dollar amount of merchandise exports on an f.o.b. (free on board) basis. These figures are calculated on an exchange rate basis, i.e., not in purchasing power parity (PPP) terms.
  • Fiscal year: The beginning and ending months for a country's accounting period of 12 months, which often is the calendar year but which may begin in any month. All yearly references are for the calendar year (CY) unless indicated as a noncalendar fiscal year (FY).
  • GDP: GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in current U.S. dollars. Dollar figures for GDP are converted from domestic currencies using single year official exchange rates. For a few countries where the official exchange rate does not reflect the rate effectively applied to actual foreign exchange transactions, an alternative conversion factor is used.
  • GDP > Composition by sector > Industry: The gross domestic product (GDP) or value of all final goods produced by the industrial sector within a nation in a given year. GDP dollar estimates in the Factbook are derived from purchasing power parity (PPP) calculations. See the CIA World Factbook for more information.
  • GDP > Per capita: This entry gives the gross domestic product (GDP) or value of all final goods and services produced within a nation in a given year. A nation's GDP at purchasing power parity (PPP) exchange rates is the sum value of all goods and services produced in the country valued at prices prevailing in the United States. This is the measure most economists prefer when looking at per-capita welfare and when comparing living conditions or use of resources across countries. The measure is difficult to compute, as a US dollar value has to be assigned to all goods and services in the country regardless of whether these goods and services have a direct equivalent in the United States (for example, the value of an ox-cart or non-US military equipment); as a result, PPP estimates for some countries are based on a small and sometimes different set of goods and services. In addition, many countries do not formally participate in the World Bank's PPP project that calculates these measures, so the resulting GDP estimates for these countries may lack precision. For many developing countries, PPP-based GDP measures are multiples of the official exchange rate (OER) measure. The difference between the OER- and PPP-denominated GDP values for most of the weathly industrialized countries are generally much smaller. Per capita figures expressed per 1 population.
  • GDP > Per capita > PPP: This entry shows GDP on a purchasing power parity basis divided by population as of 1 July for the same year.
  • GDP > Purchasing power parity: This entry gives the gross domestic product (GDP) or value of all final goods and services produced within a nation in a given year. A nation's GDP at purchasing power parity (PPP) exchange rates is the sum value of all goods and services produced in the country valued at prices prevailing in the United States. This is the measure most economists prefer when looking at per-capita welfare and when comparing living conditions or use of resources across countries. The measure is difficult to compute, as a US dollar value has to be assigned to all goods and services in the country regardless of whether these goods and services have a direct equivalent in the United States (for example, the value of an ox-cart or non-US military equipment); as a result, PPP estimates for some countries are based on a small and sometimes different set of goods and services. In addition, many countries do not formally participate in the World Bank's PPP project that calculates these measures, so the resulting GDP estimates for these countries may lack precision. For many developing countries, PPP-based GDP measures are multiples of the official exchange rate (OER) measure. The difference between the OER- and PPP-denominated GDP values for most of the weathly industrialized countries are generally much smaller.
  • GDP > Real growth rate: GDP growth on an annual basis adjusted for inflation and expressed as a percent.
  • GDP per capita: GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in current U.S. dollars. Dollar figures for GDP are converted from domestic currencies using single year official exchange rates. For a few countries where the official exchange rate does not reflect the rate effectively applied to actual foreign exchange transactions, an alternative conversion factor is used. Figures expressed per capita for the same year.
  • Gross National Income: GNI, Atlas method (current US$). GNI (formerly GNP) is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and prop).
  • Inflation rate > Consumer prices: This entry furnishes the annual percent change in consumer prices compared with the previous year's consumer prices.
  • Population below poverty line: National estimates of the percentage of the population lying below the poverty line are based on surveys of sub-groups, with the results weighted by the number of people in each group. Definitions of poverty vary considerably among nations. For example, rich nations generally employ more generous standards of poverty than poor nations.
  • Public debt: This entry records the cumulatiive total of all government borrowings less repayments that are denominated in a country's home currency. Public debt should not be confused with external debt, which reflects the foreign currency liabilities of both the private and public sector and must be financed out of foreign exchange earnings.
  • Unemployment rate: This entry contains the percent of the labor force that is without jobs. Substantial underemployment might be noted.
STAT AMOUNT DATE RANK HISTORY
Budget > Revenues $875.50 billion 2013 8th out of 223
Exports $242.60 billion 2012 23th out of 189
Fiscal year calendar year 2013
GDP $2.25 trillion 2012 8th out of 177
GDP > Composition by sector > Industry 27.4% 2012 99th out of 217
GDP > Per capita $11,503.01 per capita 2010 32nd out of 118
GDP > Per capita > PPP $11,700.00 2012 80th out of 188
GDP > Purchasing power parity $2.33 trillion 2012 7th out of 190
GDP > Real growth rate 0.9% 2012 144th out of 191
GDP per capita $11,339.52 2012 56th out of 177
Gross National Income $529.00 billion 2001 11th out of 158
Inflation rate > Consumer prices 5.4% 2012 70th out of 199
Population below poverty line 21.4% 2013 6th out of 8
Public debt 58.8% of GDP 2012 46th out of 149
Unemployment rate 5.5% 2012 82nd out of 112

SOURCES: CIA World Factbooks 18 December 2003 to 28 March 2011; CIA World Factbooks 2010, 2011, 2012, 2013; All CIA World Factbooks 18 December 2003 to 18 December 2008; World Bank national accounts data, and OECD National Accounts data files.; CIA World Factbook 2010, 2011, 2012, 2013; World Bank national accounts data, and OECD National Accounts data files. Population figures from World Bank: (1) United Nations Population Division. World Population Prospects, (2) United Nations Statistical Division. Population and Vital Statistics Report (various years), (3) Census reports and other statistical publications from national statistical offices, (4) Eurostat: Demographic Statistics, (5) Secretariat of the Pacific Community: Statistics and Demography Programme, and (6) U.S. Census Bureau: International Database.; CIA World Factbooks 18 December 2003 to 28 March 2011

Citation

"Brazil Economy Stats", NationMaster. Retrieved from http://www.nationmaster.com/country-info/profiles/Brazil/Economy

NationMaster

Brazil Economy Profiles (Subcategories)

Adjusted savings 3 International tourism 14
Aid 5 Labor force 3
Balance of payments 34 Long-term debt 4
Bank and trade-related lending 4 Market capitalization of listed companies 4
Budget 10 Merchandise 4
Business 12 Merchandise imports 4
Changes in net 4 Micro 4
Commercial service 4 National accounts 95
Commercial service imports 4 Natural gas 8
Companies 39 Net capital account 4
Consumption 4 Net current transfers 4
Currency 12 Net current transfers from abroad 6
Current account balance 5 Net errors and omissions 4
Current transfers 4 Net financial flows 20
Debt 76 Net income 4
Economic aid 3 Net income from abroad 6
Electricity 8 Net trade in goods 4
Entrepreneurship 12 Net trade in goods and services 4
Exports 3 Official development assistance and official aid 4
External balance on goods and services 7 Oil 10
External debt 215 Portfolio investment 12
Final 11 Poverty 24
Financial sector 36 Poverty and inequality 14
Foreign aid 43 Private investment 3
Foreign direct investment 10 Private nonguaranteed debt 4
GDP 42 Public and publicly guaranteed debt service 6
GDP growth 3 Public and publicly guaranteed (PPG) debt 3
GDP per capita 4 Purchasing power parity 11
GNI 12 Reserves 6
Gold 4 Retail 3
Goods 4 Royalty and license fees 8
Goods imports 4 Savings 44
Government 14 Service 4
Government debt 8 Service imports 4
Government spending 5 Services 10
Gross capital formation 10 Spending 73
Gross domestic savings 5 Steel 4
Gross fixed capital formation 10 Stock of direct foreign investment 6
Gross national expenditure 9 Stocks traded 5
Gross savings 6 Tax 70
Gross value added at factor cost 9 Total 9
High-technology 4 Total debt service 6
Household final 23 Tourism 21
IBRD loans and IDA credits 4 Tourism expenditures 5
Income 24 Tourism receipts 5
Income distribution 4 Tourist arrivals by region of origin 7
Income payments 4 Trade 1638
Income receipts 4 Trademark applications 3
Inequality 8 Transnational corporations 4
Inflation 10 Use of IMF credit 4
Innovation 35 Welfare 5
Interest payments 3
Brazil ranked first for GDP amongst Hot countries in 2012.
Brazil ranked first for commercial bank prime lending rate amongst Christian countries in 2012.
Brazil ranked first for budget > revenues amongst Latin America and Caribbean in 2013.
Brazil ranked first for GDP > composition, by end use > imports of goods and services globally in 2012.
Brazil ranked first for debt > external amongst Religious countries in 2012.

3

Brazil is the seventh largest economy in the world and is currently the largest in Latin America. With vast natural resources and a strong and stable labor force, the upward trend of the Brazilian economy is set to continue in the foreseeable future. In fact, the World Bank has predicted based on existing data that the country will, in less than a decade or so, become the 5th largest economy in the world. It has recently achieved a milestone by surpassing the economic output of Russia, and closing in to Asian giants China and Japan.

Brazil is self-sufficient in petroleum, making it less vulnerable to highly unstable oil-dependent global market. It is also the world’s largest producer of hydroelectric power attributed mainly to its many huge river systems which run all throughout the country. It operates a civilian nuclear reactor, and is in the process of building more plants to produce 20% of the overall energy requirements of the country by the next decade.

The industrial sector of Brazil is highly sophisticated. Embraer, a Brazilian aircraft company, is considered as a competitor to Boeing and Airbus for aircraft sales globally (currently, the American and European manufacturers, respectively, are the two main aircraft manufacturers).

Brazil is set to host two huge events, the World Cup in 2014, and the Olympics in 2016. The said events will ultimately haul in millions of dollars from tourists and will elevate the status of Brazil as a true global economic power.

Posted on 06 Apr 2014

Edsel.G

Edsel.G

250 Stat enthusiast

0

I would like to know the economy U Standard of Living level of the country of Brazil.

Posted on 07 Mar 2010

Margherita

Margherita

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