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Brazil Economy 2011
https://theodora.com/wfb2011/brazil/brazil_economy.html
SOURCE: 2011 CIA WORLD FACTBOOK AND OTHER SOURCES


















Brazil Economy 2011
SOURCE: 2011 CIA WORLD FACTBOOK AND OTHER SOURCES

Page last updated on January 13, 2011

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 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.

GDP (purchasing power parity):
$2.194 trillion (2010 est.)
country comparison to the world: 8

$2.041 trillion (2009 est.)
$2.045 trillion (2008 est.)
note: data are in 2010 US dollars
[see also: GDP (purchasing power parity) country ranks ]

GDP (official exchange rate):
$2.024 trillion (2009 est.)
[see also: GDP (official exchange rate) country ranks ]

GDP - real growth rate:
7.5% (2010 est.)
country comparison to the world: 15

-0.2% (2009 est.)
5.1% (2008 est.)
[see also: GDP - real growth rate country ranks ]

GDP - per capita (PPP):
$10,900 (2010 est.)
country comparison to the world: 105

$10,300 (2009 est.)
$10,400 (2008 est.)
note: data are in 2010 US dollars
[see also: GDP - per capita country ranks ]

GDP - composition by sector:
agriculture: 6.1%
[see also: GDP - composition by sector - agriculture country ranks ]
industry: 26.4%
[see also: GDP - composition by sector - industry country ranks ]
services: 67.5% (2009 est.)
[see also: GDP - composition by sector - services country ranks ]

Labor force:
103.6 million (2009 est.)
country comparison to the world: 6
[see also: Labor force country ranks ]

Labor force - by occupation:
agriculture: 20%
[see also: Labor force - by occupation - agriculture country ranks ]
industry: 14%
[see also: Labor force - by occupation - industry country ranks ]
services: 66% (2003 est.)
[see also: Labor force - by occupation - services country ranks ]

Unemployment rate:
7% (2010 est.)
country comparison to the world: 71

8.1% (2009 est.)
[see also: Unemployment rate country ranks ]

Population below poverty line:
26% (2008)
[see also: Population below poverty line country ranks ]

Household income or consumption by percentage share:
lowest 10%: 1.1%
[see also: Household income or consumption by percentage share - lowest 10% country ranks ]
highest 10%: 43% (2007)
[see also: Household income or consumption by percentage share - highest 10% country ranks ]

Distribution of family income - Gini index:
56.7 (2005)
country comparison to the world: 10

60.7 (1998)
[see also: Distribution of family income - Gini index country ranks ]

Investment (gross fixed):
18.5% of GDP (2009 est.)
country comparison to the world: 105
[see also: Investment (gross fixed) country ranks ]

Budget:
revenues: $464.4 billion
[see also: Budget - revenues country ranks ]
expenditures: $552.6 billion
[see also: Budget - expenditures country ranks ]

Public debt:
60.8% of GDP (2010 est.)
country comparison to the world: 31

59.5% of GDP (2009 est.)
[see also: Public debt country ranks ]

Inflation rate (consumer prices):
4.9% (2010 est.)
country comparison to the world: 140

4.9% (2009 est.)
[see also: Inflation rate (consumer prices) country ranks ]

Central bank discount rate:
15.17% (31 December 2009)
country comparison to the world: 9

20.48% (31 December 2008)
[see also: Central bank discount rate country ranks ]

Commercial bank prime lending rate:
44.65% (31 December 2009 est.)
country comparison to the world: 2

47.25% (31 December 2008 est.)
[see also: Commercial bank prime lending rate country ranks ]

Stock of narrow money:
$165.8 billion (31 December 2010 est)

$125.3 billion (31 December 2009 est)
[see also: Stock of narrow money country ranks ]

Stock of broad money:
$1.522 trillion (31 December 2009)

$1000.8 billion (31 December 2008)
[see also: Stock of broad money country ranks ]

Stock of domestic credit:
$2.104 trillion (31 December 2010 est.)
country comparison to the world: 11

$1.542 trillion (31 December 2009 est.)
[see also: Stock of domestic credit country ranks ]

Market value of publicly traded shares:
$1.167 trillion (31 December 2009)
country comparison to the world: 15

$589.4 billion (31 December 2008)
$1.37 trillion (31 December 2007)
[see also: Market value of publicly traded shares country ranks ]

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:
11.5% (2009 est.)
country comparison to the world: 10
[see also: Industrial production growth rate country ranks ]

Electricity - production:
438.8 billion kWh (2007 est.)
country comparison to the world: 10
[see also: Electricity - production country ranks ]

Electricity - consumption:
404.3 billion kWh (2007 est.)
country comparison to the world: 10
[see also: Electricity - consumption country ranks ]

Electricity - exports:
2.034 billion kWh (2007 est.)
[see also: Electricity - exports country ranks ]

Electricity - imports:
42.06 billion kWh; note - supplied by Paraguay (2008 est.)
[see also: Electricity - imports country ranks ]

Oil - production:
2.572 million bbl/day (2009 est.)
country comparison to the world: 9
[see also: Oil - production country ranks ]

Oil - consumption:
2.46 million bbl/day (2009 est.)
country comparison to the world: 7
[see also: Oil - consumption country ranks ]

Oil - exports:
570,100 bbl/day (2007 est.)
country comparison to the world: 27
[see also: Oil - exports country ranks ]

Oil - imports:
632,900 bbl/day (2007 est.)
country comparison to the world: 21
[see also: Oil - imports country ranks ]

Oil - proved reserves:
13.2 billion bbl (1 January 2010 est.)
country comparison to the world: 17
[see also: Oil - proved reserves country ranks ]

Natural gas - production:
10.28 billion cu m (2009 est.)
country comparison to the world: 41
[see also: Natural gas - production country ranks ]

Natural gas - consumption:
18.72 billion cu m (2009 est.)
country comparison to the world: 36
[see also: Natural gas - consumption country ranks ]

Natural gas - exports:
NA (2009 est.)
[see also: Natural gas - exports country ranks ]

Natural gas - imports:
8.44 billion cu m (2009 est.)
country comparison to the world: 25
[see also: Natural gas - imports country ranks ]

Natural gas - proved reserves:
364.2 billion cu m (1 January 2010 est.)
country comparison to the world: 36
[see also: Natural gas - proved reserves country ranks ]

Current account balance:
-$52.73 billion (2010 est.)
country comparison to the world: 186

-$24.3 billion (2009 est.)
[see also: Current account balance country ranks ]

Exports:
$199.7 billion (2010 est.)
country comparison to the world: 23

$153 billion (2009 est.)
[see also: Exports country ranks ]

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

Exports - partners:
China 12.49%, US 10.5%, Argentina 8.4%, Netherlands 5.39%, Germany 4.05% (2009)

Imports:
$187.7 billion (2010 est.)
country comparison to the world: 22

$127.7 billion (2009 est.)
[see also: Imports country ranks ]

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

Imports - partners:
US 16.12%, China 12.61%, Argentina 8.77%, Germany 7.65%, Japan 4.3% (2009)

Reserves of foreign exchange and gold:
$290.9 billion (31 December 2010 est.)
country comparison to the world: 5

$238.5 billion (31 December 2009 est.)
[see also: Reserves of foreign exchange and gold country ranks ]

Debt - external:
$310.8 billion (31 December 2010 est.)
country comparison to the world: 25

$273.7 billion (31 December 2009 est.)
[see also: Debt - external country ranks ]

Stock of direct foreign investment - at home:
$349.2 billion (31 December 2010 est.)
country comparison to the world: 13

$319.9 billion (31 December 2009 est.)
[see also: Stock of direct foreign investment - at home country ranks ]

Stock of direct foreign investment - abroad:
$131 billion (31 December 2010 est.)
country comparison to the world: 22

$117.4 billion (31 December 2009 est.)
[see also: Stock of direct foreign investment - abroad country ranks ]

Exchange rates:
reals (BRL) per US dollar - 1.77 (2010), 1.9976 (2009), 1.8644 (2008), 1.85 (2007), 2.1761 (2006)


NOTE: The information regarding Brazil on this page is re-published from the 2011 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Brazil Economy 2011 information contained here. All suggestions for corrections of any errors about Brazil Economy 2011 should be addressed to the CIA.






This page was last modified 09-Feb-11
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