Economy of Brazil
Brazil is considered to be a developing nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life. As a developing nation, Brazil may not be able to offer consistent social services to its citizens. These social services may include things like public education, reliable healthcare, and law enforcement. Citizens of developing nations may have lower life expectancies than citizens of developed nations. Each year, Brazil exports around $244.8 billion and imports roughly $241.4 billion. 13.1% of population in the country are unemployed. The total number of unemployed people in Brazil is 27,623,702. In Brazil, 0.4% of the population lives below the poverty line. The percentage of citizens living below the poverty line in Brazil is low, indicating that it has a stable economy. Investors should consider Brazil to be a safe location for investments and other financial ventures. Government expenditure on education is 5.1% of GDP. The Gini Index of the country is 51.9. Brazil is experiencing inequality. The gap between the richest and poorest citizens in this country is significant and obvious, resulting in a drastically different standard of living for rich and poor citizens. Brazil has a Human Development Index (HDI) of 0.744. Brazil has an upper medium HDI score. This indicates that the majority of citizens will be able to attain a desirable life, though some citizens will not be able to achieve high living standards. The Global Peace Index (GPI) for Brazil is 2.122. The strength of legal rights index for Brazil is 2. Overall, it is considered to be rather weak - bankrupcy and collateral laws are unable to protect the rights of borrowers and lenders in case of credit-related complications; credit information, if any at all, is scarce and hardly accessible.
The currency of Brazil is Brazilian real. The plural form of the word Brazilian real is reais. The symbol used for this currency is R$, and it is abbreviated as BRL. The Brazilian real is divided into Centavo; there are 100 in one real.
The depth of credit information index for Brazil is 7, which means that information is mostly sufficient and quite detailed; accessibility is not a problem. According to the S&P credit-rating agency, Brazil has a credit rating score of BB+, and the prospects of this rating are negative. According to the Fitch credit-rating agency, Brazil has a credit rating score of BBB-, and the prospects of this rating are negative. According to the Moody's credit-rating agency, Brazil has a credit rating score of Baa3, and the prospects of this rating are stable.
The prime lending rate of Brazil's commercial banks is 33. In Brazil, the institution that manages the state's currency, money supply, and interest rates is called Central Bank of Brazil. Locally, the central bank of Brazil is called Banco Central do Brasil. The average deposit interest rate offered by local banks in Brazil is 10%.
Brazil has a government debt of 86.4% of the country's Gross Domestic Product (GDP), as assessed in 2014.
The corporate tax in Brazil is set at 34%. Personal income tax ranges from 0% to 27.5%, depending on your specific situation and income level. VAT in Brazil is 25%.
The total Gross Domestic Product (GDP) assessed as Purchasing Power Parity (PPP) in Brazil is $3275799 billion. The Gross Domestic Product (GDP) assessed as Purchasing Power Parity (PPP) per capita in Brazil was last recorded at $16 million. PPP in Brazil is considered to be below average when compared to other countries. Below average PPP indicates that citizens in this country find it difficult to purchase local goods. Local goods can include food, shelter, clothing, health care, personal care, essential furnishings, transportation and communication, laundry, and various types of insurance. Countries with below average PPP are dangerous locations for investments. The total Gross Domestic Product (GDP) in Brazil is 2,243,854 billion. Based on this statistic, Brazil is considered to have a large economy. Countries with large economies support a wide variety of industries and businesses, providing ample opportunities for investment. Large economies support a substantial financial sector, making it easy to organize investments and financial transactions. It should be very easy to find good opportunities for investment in Brazil. The Gross Domestic Product (GDP) per capita in Brazil was last recorded at $11 million. The average citizen in Brazil has very low wealth. Countries with very low wealth per capita often have lower life expectancies and dramatically lower quality of living among citizens. It can be very difficult to find highly skilled workers in countries with very low wealth, as it is difficult for citizens to obtain the requisite education needed for specialized industries. However, labor can be found for very low rates when compared with countries with higher wealth per capita. GDP Annual Growth Rate in Brazil averaged 0.3% in 2014. According to this percentage, Brazil is currently experiencing modest growth. Countries that are experiencing modest growth offer safe opportunities for investment; their expanding economy indicates that businesses, jobs, and income will expand accordingly. To read more about financial information click on finances of Brazil.
Major industries in the country are textiles, shoes, chemicals, cement, lumber, iron ore, tin, steel, aircraft, motor vehicles and parts, other machinery and equipment. The total labor force of Brazil is 104,278,180 people, wherein 13.1% of population in the country are unemployed. The total number of unemployed people in Brazil is 27,623,702. The Industrial Production growth rate of Brazil is 11.5%.To read more about industrial information within Brazil click on industry of Brazil.
There are 586036 km2 of arable land in Brazil, and it comprises 7% of the country's total territory. There are 661299 km2 of cultivated land in Brazil. The country's major agricultural crops and products are coffee, soybeans, wheat, rice, corn, sugarcane, cocoa, citrus, beef.To read more about agriculture click on agriculture of Brazil.