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Why Invest?Country ProfileCity List |
Brazil » Introduction
Basic Economic Facts
Well-developed industries like agriculture, mining, wood products, petrochemicals, tourism, and electronics make up the strong Brazilian economy. Brazil's economy ranks highest among all other South American countries giving it a powerful position. It is world's tenth-largest economy in GDP terms and focused on expanding its presence further in world markets. Taking into account Brazil’s economic facts and steady growth it seems to be emerging as a regional and international leader. Brazil’s major trading partners are the UK, America, China, France, Germany, Japan and Argentina. Major Exports of Brazil include road vehicles and parts, coffee and coffee substitutes, metals, feeding-stuff for animals, transport and aeronautics equipment.
Imports of Brazil are petroleum, road vehicles and parts, electrical machinery, organic chemicals, industrial machinery and parts. With a stable annual growth rate and a strong domestic market, Brazil is well-equipped to face the economic crisis. The country has been involved in proactive diplomatic measures focusing on regional integration. Brazil's growth has helped in increasing employment and real wages. The sound macroeconomic policies have helped reduce public debt. Brazil has been successful in fighting inflation which has also witnessed a decrease coming down to 5% in 2007. Brazil’s economic indicators project a healthy financial picture with GDP growth rate around 5.4% (2007 EST.)
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