Country Info >> Brazil

Characterized by large and well-developed agricultural, mining, manufacturing, and service sectors, Brazil's economy outweighs that of all other South American countries and is expanding its presence in world markets. Having weathered 2001-03 financial turmoil, capital inflows are regaining strength and the currency has resumed appreciating. The appreciation has slowed export volume growth, but since 2004, Brazil's growth has yielded increases in employment and real wages. The resilience in the economy stems from commodity-driven current account surpluses, and sound macroeconomic policies that have bolstered international reserves to historically high levels, reduced public debt, and allowed a significant decline in real interest rates. A floating exchange rate, an inflation-targeting regime, and a tight fiscal policy are the three pillars of the economic program.

Brazil continues to pursue industrial and agricultural growth and development of its interior. Exploiting vast natural resources and a large labor pool, it is today South America's leading economic power and a regional leader.

Source:  CIA-The World Factbook

Per Capita GDP
$8,800 as of (2006 est.) Source: CIA-The World Factbook

Main-Line Phones
38.8 million as of (2006 est.) Source: CIA-The World Factbook

Mobile Phones
100 million as of (2006 est.) Source: CIA-The World Factbook

Internet Users
42.6 million as of (2006 est.) Source: CIA-The World Factbook

Cable TV Households
4,000,000 as of (2007) Source: LMS est.

Time Zone Vs. Eastern Time (New York, Miami)
+3 hours, during Daylight Standard Time

Country Statistics

Capital
Brasilia
Government Type
Federal Republic
Leadership
President Da Silva
Language
Portuguese
Primary Religion(s)
Roman Catholic (74%) (est. 2000)
Currency
Reais (BRL)
Exchange Rate
1.76 BRL to US$1 (Jan '08)
Population
190,010,647 (2007 est)
Location
Eastern South America, bordering the Atlantic Ocean
Area
8,511,965 sq kms, slightly smaller than the US
Border Countries
Argentina, Bolivia, Colombia, Peru, Venezuela and a number of other smaller countries
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