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    Brazil Index 2006

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    Brazil Economy - 2006
    https://theodora.com/wfbcurrent/brazil/brazil_economy.html
    SOURCE: 2006 CIA WORLD FACTBOOK

      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 is expanding its presence in world markets. From 2001-03 real wages fell and Brazil's economy grew, on average only 2.2% per year, as the country absorbed a series of domestic and international economic shocks. That Brazil absorbed these shocks without financial collapse is a tribute to the resiliency of the Brazilian economy and the economic program put in place by former President CARDOSO and strengthened by President LULA DA SILVA. In 2004, Brazil enjoyed more robust growth that yielded increases in employment and real wages. The three pillars of the economic program are a floating exchange rate, an inflation-targeting regime, and tight fiscal policy, all reinforced by a series of IMF programs. The currency depreciated sharply in 2001 and 2002, which contributed to a dramatic current account adjustment; in 2003 to 2005, Brazil ran record trade surpluses and recorded its first current account surpluses since 1992. Productivity gains - particularly in agriculture - also contributed to the surge in exports, and Brazil in 2005 surpassed the previous year's record export level. While economic management has been good, there remain important economic vulnerabilities. The most significant are debt-related: the government's largely domestic debt increased steadily from 1994 to 2003 - straining government finances - before falling as a percentage of GDP in 2005, while Brazil's foreign debt (a mix of private and public debt) is large in relation to Brazil's small (but growing) export base. Another challenge is maintaining economic growth over a period of time to generate employment and make the government debt burden more manageable.

      GDP (purchasing power parity):
      $1.568 trillion (2005 est.)

      GDP (official exchange rate):
      $619.7 billion (2005 est.)

      GDP - real growth rate:
      2.4% (2005 est.)

      GDP - per capita (PPP):
      $8,400 (2005 est.)

      GDP - composition by sector:
      agriculture: 10%
      industry: 39.4%
      services: 50.6% (2005 est.)

      Labor force:
      90.41 million (2005 est.)

      Labor force - by occupation:
      agriculture: 20%
      industry: 14%
      services: 66% (2003 est.)

      Unemployment rate:
      9.9% (2005 est.)

      Population below poverty line:
      22% (1998 est.)

      Household income or consumption by percentage share:
      lowest 10%: 0.7%
      highest 10%: 31.27% (2002)

      Distribution of family income - Gini index:
      59.7 (2004)

      Inflation rate (consumer prices):
      5.7% (2005 est.)

      Investment (gross fixed):
      19.8% of GDP (2005 est.)

      Budget:
      revenues: $140.6 billion
      expenditures: $172.4 billion; including capital expenditures of $NA (2004)

      Public debt:
      50.2% of GDP (2005 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:
      4.7% (2005 est.)

      Electricity - production:
      387.5 billion kWh (2004)

      Electricity - consumption:
      359.6 billion kWh (2004)

      Electricity - exports:
      6 million kWh (2004)

      Electricity - imports:
      37.4 billion kWh; note - supplied by Paraguay (2004)

      Oil - production:
      2.01 million bbl/day (2005 est.)

      Oil - consumption:
      1.61 million bbl/day (2004)

      Oil - exports:
      NA bbl/day

      Oil - imports:
      NA bbl/day

      Oil - proved reserves:
      15.12 billion bbl (2005 est.)

      Natural gas - production:
      15.79 billion cu m (2005 est.)

      Natural gas - consumption:
      21.74 billion cu m (2005 est.)

      Natural gas - exports:
      0 cu m (2005 est.)

      Natural gas - imports:
      5.947 billion cu m (2005 est.)

      Natural gas - proved reserves:
      240 billion cu m (2005)

      Current account balance:
      $10.42 billion (2005 est.)

      Exports:
      $115.1 billion f.o.b. (2005 est.)

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

      Exports - partners:
      US 20.8%, Argentina 7.5%, Netherlands 6.1%, China 5.6%, Germany 4.1%, Mexico 4% (2004)

      Imports:
      $78.02 billion f.o.b. (2005 est.)

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

      Imports - partners:
      US 18.3%, Argentina 8.9%, Germany 8.1%, China 5.9%, Nigeria 5.6%, Japan 4.6% (2004)

      Reserves of foreign exchange and gold:
      $69.28 billion (2005 est.)

      Debt - external:
      $211.4 billion (30 June 2005 est.)

      Economic aid - recipient:
      $30 billion (2002)

      Currency (code):
      real (BRL)

      Exchange rates:
      reals per US dollar - 2.4344 (2005), 2.9251 (2004), 3.0771 (2003), 2.9208 (2002), 2.3577 (2001)

      Fiscal year:
      calendar year


      NOTE: The information regarding Brazil on this page is re-published from the 2006 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Brazil Economy 2006 information contained here. All suggestions for corrections of any errors about Brazil Economy 2006 should be addressed to the CIA.

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    https://theodora.com/wfbcurrent/brazil/brazil_economy.html

    Revised 06-Jun-06
    Copyright © 2006 Photius Coutsoukis (all rights reserved)


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