Brazil has an
established economy and is a bright spot in South America.
Brazil has a
population of 210,867,954 with a land mass of
3.288 million square miles.
Nominal GDP is $2.138
trillion. GDP growth is 2.4%.Per capita nominal GDP is $10,224. Labor force is
120 million. Inflation is 4.17%.
Poverty is 8.5%. But Unemployment is 12.3%.
GDP by sector is
agriculture 5.5%, industry 18.5% and services 76%. Labor force by sector is
agriculture 8%, industry 22% and services 70%.
Main industries
include textiles, shoes, chemicals, cement, lumber, iron ore, tin, steel,
aircraft, motor vehicles and parts and other machinery and equipment.
Exports are $217.7
billion and include transport equipment, iron ore, soybeans, footwear, coffee
and automobiles sold to China 21.8%, EU 16%, US 12.3%, Argentina 8%, Japan 2.4%
and others.
Imports are $150.72
billion and include machinery, electrical and transport equipment, chemical
products, oil, automotive party and electronics. Purchased from EU 21.2%, China
18.1%, US 16.5%, Argentina 6.2%, South Korea 3.4% and others.
Government debt is
78.5% of GDP. Revenue is $511.9 billion, Spending is $462.6 billion. External
debt is $884.6 billion. Reserves are
$373.9 billion.
Norb Leahy, Dunwoody
GA Tea Party Leader
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