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Brazil Economy

Brazil is the largest country in South America and the fifth largest country in the world in terms of geographical area. Brazil is bound by the Atlantic Ocean to the east and enjoys a coastline of more than 4,600 miles. The country is bordered on the north by Venezuela, Guyana, Surinam and French Guiana. It is bordered on the northwest by Colombia. On the west, Brazil is bordered by Bolivia and Peru, while Argentina and Paraguay make up the southwest borders. Uruguay borders Brazil on the south. Brazil is the fifth most populous country in the world, being home to more than 190 million.

 

Brazil’s economy is the largest in South America and the country boasts well developed agriculture, mining, manufacturing, and service sectors. Since 2003, Brazil has improved its macroeconomic stability, built foreign reserves, reduced debt, kept inflation rates under control and committed to fiscal responsibilities. After witnessing unprecedented economic growth in 2007 and 2008, the global financial crisis finally hit Brazil. Brazil’s currency and stock market saw huge fluctuations as foreign investments dwindled, demand for commodity exports dried up and external credit increased. However, Brazil was one of the first emerging markets to stage a recovery, with GDP growth returning to positive levels. The Central Bank predicts growth of 5% in 2010.

 

Brazilian Economy: GDP and Labor 

The following chart shows Brazil’s GDP (PPP) during 2007-2009. All figures are in US dollar trillion.

 

Brazil’s GDP

 

 

Brazil’s GDP- official exchange range, according to the 2009 estimates, was US$1.482 trillion. The next chart shows Brazil’s GDP-real growth rate during 2007-2009. All figures are in US dollar trillion.

 

 

Brazil’s GDP-real growth rate

 

 

The next charts show Brazil’s GDP-Per Capita and GDP- Sector Composition. All figures are in US dollar.

 

Brazil’s GDP-Per Capita

 

 

                       

 

Brazil’s Labor force

 

 

(All figures are in percentages in the above table)

 

Brazil’s total workforce, according to 2009 estimates, was 95.21 million. The rate of unemployment in 2009 was 7.4%, down from the 2008 estimates when the rate was 7.892%. The following chart shows Brazil’s labor force composition by occupation. All figures are in percentages.

G20
Brazil is part of the G-20, Group of Twenty.