Brazil Economy 5-14-24

Nominal GDP $2.126809T, Per capita GDP $10,412, Population 212,457,615, Debt to GDP 84.67%.

Average Wage $5,076, Inflation 20.4%, Unemployment 7.9%, Exports $300B, Imports $213.5B, Trade Surplus $86.5B. Land area 3,278,357 sq miles (about the size of Canada), Urban 87.3% Rural 12.7%, Arable land is 7%.

The following are the top 10 Brazilian exports in 2023. This top 10 accounts for over 70% of the total US$ value of all exports from Brazil.

1. Mineral Fuels – $56.9 billion (17.0%)

2. Oil Seeds – $47.2 billion (14.1%)

3. Orders, Slag & Ash – $32.4 billion (9.7%)

4. Meat – $24.0 billion (7.2%)

5. Iron & Steel – $16.7 billion (5.0%)

6. Cereals – $13.9 billion (4.2%)

7. Machinery including Computers – $12.4 billion (3.7%)

8. Vehicles – $12.3 billion (3.7%)

9. Sugar & Confectionery – $11.2 billion (3.4%)

10. Food Waste & Animal Fodder – $11.1 billion (3.3%)

Source: World’s Top Exports

Imports The top imports of Brazil are Refined Petroleum ($23B), Crude Petroleum ($8.78B), Motor vehicles; parts and accessories ($7.96B), Potassic Fertilizers ($7.59B), and Mixed Mineral or Chemical Fertilizers ($7.44B), importing mostly from China ($64B), United States ($49.4B), Germany ($13.5B)

Norb Leahy, Dunwoody GA Tea Party Leader