Monday, October 29, 2018

Brazil Economy


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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