Brazil

Brazil

The country of cultural diversityand good business

Brazil is the 5th largest country in the world, with a total area of 8,514,876 km². It is divided into five regions: Midwest, North, Northeast, South and Southeast, which are made up of 26 states and the Federal District.

Brazil was colonized by the Portuguese, whose legacies included the country’s main language – Portuguese.

The country has a vast cultural heritage, and this diversity has played a main role in the development of cultural projects in Brazil.

Brazil is famous for its beautiful landscapes, large festivals and religious activity, and has become a magnet for businesses, especially because is one of the largest agriculture and livestock producers and has large industrial parks that supply the world with high quality raw materials and products.

Regions

Regions

The wealth of a country of many faces

Economy

Economy

O The boomingBrazil

Nowadays, the Brazilian economy is both strong and solid. The country is a large producer and exporter of different types of goods, especially commodities minerals, farm products and manufactured goods. The farming, industry and service areas are well developed and are, at the present time, doing well and expanding. Although Brazil is considered to be an emerging country, it has the 7th largest economy in the world (2012 data). Brazil has an open economy and is included in the globalization process.

INFORMATION, INDICESAND DATA

Currency: Real (BRL)

GDP (Gross Domestic Product) for 2012: BRL 4,403 trillion or USD 2,223 trillion. *Exchange rate used: USD 1.00 = BRL 1.98 (on March 1, 2013)

Per Capita Income for 2012 (GDP per capita): BRL 22,400 or USD 11,303 *Exchange rate used: USD 1.00 = BRL 1.98 (on March 1, 2012)

Gini Coefficient: 49.3 (2008) – High

GDP growth in recent years: 2.7% (2002); 1.1% (2003); 5.7% (2004); 3.2% (2005); 4% (2006); 6.1% (2007); 5.2% (2008); – 0.3% (2009); 7.5% (2010); 2.7% (2011); 0.9% (2012).

GDP growth in the 1st quarter of 2013: 0.6% (between January and March) relative to the 4th quarter of 2012. It has grown by 1.9% relative to the first quarter of 2012.

Investment Rate: 18.7% of GDP (3rd quarter 2012)

Savings Rate: 15.6% of GDP (3rd quarter 2012)

Labor force: 104 million (2011 estimate)

Inflation: 5.84% (Consumer Price Index – 2012)

Unemployment Rate: 6% of the economically active population (June 2013) and 5.5% (average rate for 2012)

Central Bank Basic Interest Rate (SELIC): 8% a year (May 30, 2013)

Salário Mínimo Nacional: R$ 937,00 (from January 2017)

External Debt: USD 318 billion (Public sector – USD 83 billion and Private sector – USD 235 billion) – data for March 2013.

Exports: USD 242.58 billion (2012)

Imports: USD 223.14 billion (2012)

Balance of Trade (2012): USD 19.43 billion (surplus) – Fall relative to 2011: 34.75%

Brazil’s main import partners (2012): United States , China, Argentina and Germany

Brazil’s main export partners (2012): : China, United States, Argentina, Holland and Japan

Brazil’s main export products (2012): iron ore, cast iron and steel; crude petroleum oils; soybean and derivatives; automobiles; sugar cane; airplanes; beef, coffee and chicken meat.

Brazil’s main import products (2012): crude oil; electronic circuits; transmitters/receivers, vehicle parts, medicines, automobiles, fuel oils; natural gas, electrical equipment and aircraft engines.

Brazil is a member of the following trade organizations: Mercosur, Unasur and WTO (World Trade Organization)

Types of energy consumed in Brazil (data for 2010):

Oil and derivatives ……………………………………37,7%

Hydraulic ………………………………………………………..14,1%

Natural gas ……………………………………………………10,3%

Mineral coal ………………………………………………5,2%

Biomass ……………………………………………………….21,2%

Firewood ……………………………………………………………….9,5%

Nuclear ……………………………………………………………..1,4%

Wind ……………………………………………………………….0,5%

Main agricultural products produced: coffee, oranges, sugar cane (sugar and ethanol production), soybean, tobacco, corn, mate tea.

Main livestock products: beef, chicken meat, pig meat.

Main minerals products: iron, aluminum, manganese, magnesite and tin.

Main service sectors: telecommunications, road transport, technical and professional services supplied to companies, cargo transport, building and home cleaning, information technology, air transport and food.

Main industrial sectors: food and drink, chemical products, vehicles, fuels, basic metalworking products, machinery and equipment, plastic and rubber products, electronics, and pulp and paper.

Sources: Brazilian Institute of Geography and Statistics (IBGE), Ministry of Mines and Energy, World Bank, CIA The World Factbook.


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