The Brazil – Economy
Characterized by large and well-developed agricultural, mining, manufacturing, and services, Brazil’s economy outweighs that of all other countries in South America and is expanding its presence in world markets. From 2003 to 2007, Brazil reached record surpluses and reached its first current account surplus since 1992. Productivity gains coupled with high commodity prices contributed to the outbreak of Brazilian exports.
GDP: R$ 4,143 trillion – US$ 2,367 trillion (2011).
Growth of GDP: 2,7% (2011).
GDP per capita: R$ 21.252 – US$ 12,144 (2011).
GDP by sector: agricultura: 5,5% indústria: 28,7% serviços: 65,8% (2007).
Workforce: 101,8 milhões (est. 2008).
Main Industries: aircraft, steel, iron ore, coal, machinery, weaponry, textiles and clothing, petroleum, cement, chemicals, fertilizers, consumer products, including footwear, toys and electronics; food processing, transportation equipment (including automobiles, railway vehicles, locomotives, ships and aircraft); electronics; telecommunication equipment, satellites, real estate, tourism, etc.
Exports: US$ 242,6 bilhões (2012).
Main Export products: minerals, oil and fuel, transport equipment, metallurgical and chemical products, soy, sugar, ethanol, etc.
Main Exporter Partners: China, United States, Argentina, Netherlands, Japan, Germany (2011).
Importer: US$ 223,1 bilhões (2012).
Main Importer products: fuels and lubricants, mechanical, electrical and electronic equipment, automobiles and parts, organic and inorganic products, etc.
Main Importer Partners: United States, China, Argentina, Germany, South Korea, Japan, Nigeria (2011).
Foreign Trade and Investment
Economic reforms, policies and structures, linked to the impressive growth and dynamism of its economy in recent years, gave Brazil a role of prominence in the international arena. Not only exports and imports doubled in the past four years, as well as the country became mandatory component in the portfolio of the main investors.
The entry of foreign direct investment (FDI) net in Brazil reached a record 63.8 billion dollars in the period from September 2011 to September 2012, equivalent to 2.75% of the Brazilian GDP in the year, estimated by the Central Bank.
The Brazilian foreign trade in 2012 reached the figure of US$ 465.7 billion in its flow. In December 2012, exports reached US$ 19.749 billion and the second highest daily average for December, US$ 987.5 million.
Imports amounted second highest for December, US$ 17.499 billion, and highest daily average for December, US$ 875.0 million. Over the same period last year, imports grew by 5.0%. The trade balance for the month posted a US$ 2.250 billion surplus.