3.+Economic

Brazil's Economic Issues

(http://images.nationmaster.com/images/motw/americas/brazil_pop_1977.jpg)



 ([|http://images.nationmaster.com/images/motw/americas/brazil_econ_1977.jpg)] Brazil has the ninth largest economy in the world. It is being driven by the success of US car manufacturer General Motors (GM in its effort to deliver more environmental-friendly transport). Brazil is classified as a middle income country. 40% of the population share an 8% of the national income and the wealthy 10% consume 48%

GDP - per capita: purchasing power parity - $8,100 (2004 est.) >Brazil is ranked as the 10th country to have the highest GDP rate based on the International Monetary Fund (IMF) and the CIA World Factbook. And 8th based on the World Bank.

Unemployment rate: 8.1% (2009 July) >The unemployment rate improved already because based on the 2004 rating, 11.5% of Brazil's population was unemployed but now it decreased and only 8.1% was unemployed.

Population below poverty line: 22% (1998 est.) >Brazil has a lot people under poverty line but compared to other countries they have smaller number of people suffering from poverty, unlike other countries some reach 70%. Brazil's population living under 1.25-2 dollars a day ranges from 7.8-18.3%

Distrib ution of family income - Gini index: 56.7 >The lower its GINI index the more unequal a country’s income distribution. And Brazil is ranked as 10th, one of the highest rating in Gini Index.

Agriculture - products: coffee, soybeans, wheat, rice, corn, sugarcane, cocoa, citrus; beef >These are some of the products that is produced in Brazil

Industries: textiles, shoes, chemicals, cement, lumber, iron ore, tin, steel, aircraft, motor vehicles and parts, other machinery and equipment

Exports: $95 billion f.o.b. (2004 est.) >This shows how much money they make by exporting goods

Exports - commodities: transport equipment, iron ore, soybeans, footwear, coffee, autos

Exports - partners: US 20.8%, Argentina 7.5%, Netherlands 6.1%, China 5.6%, Germany 4.1%, Mexico 4% (2004) >These are some of the countries that Export goods to Brazil

Imports: $61 billion f.o.b. (2004 est.)

Imports - commodities: machinery, electrical and transport equipment, chemical products, oil

Imports - partners: US 18.3%, Argentina 8.9%, Germany 8.1%, China 5.9%, Nigeria 5.6%, Japan 4.6% (2004) >These are some of the countries that Brazil imports their products to

** Current News: ** http://www.ihavenet.com/Latin-American-Economy-Will-Do-Well-but-Not-Great-Andres-Oppenheimer.html -In this article, it shows how Brazil aims to be the fifth largest economy.

** Positive: ** Brazil is improving in terms of economy. They have a lot of goods that they can export around the world and they decreased the number of unemployed citizens over time.

** Negative: ** Due to Brazil's rising economy some people are still in poverty and are becoming more poor because they are not able to cope up with their country's advancement.

Sources: http://www.brazilnews.net/; http://www.us-passport-service-guide.com/brazil-economy.html; http://en.wikipedia.org/wiki/Unemployment_rate;http://en.wikipedia.org/wiki/List_of_countries_by_percentage_of_population_living_in_poverty