Economy of Brazil

Economy Facts

The worlds either largest economy and ninth largest purchasing power.

One of the fastest growing major economies in the world (average annual GDP growth rate of 5%)

Is predicted to become one in the five largest economies in the world in the next few decades.

Has hundreds of trade partners with 60% of exports being manufactured or semi manufactured.

History Before the Portuguese explorers

arrived in Brazil around the 15th century, the natives had lived there unchanged since the Stone Age.

Originally Brazil's exports relied on agriculture and the production of gold, coffee and sugar.

The economy relied heavily on African salve labor until the late 19th century.

4.5 million people emigrated to Brazil between 1882 and 1934.

Agriculture To produce more food and

develop more cattle and crop for the rising population Brazil created an Agriculture and Cattle-Raising Plan, which guaranteed financing for equipment and encouraged the farmers to use new technology.

Over 600,000 Km of land is divided into about 5,000 areas of rural property.

Brazil produces 110 million tonnes/year of grain crops followed by 50 million tonnes of soybean.

Industry

Has the second biggest industrial sector in the Americas.

Brazil's industry produces automobiles, steel, petrochemicals, computers, aircraft and consumer durables.

An important export of raw materials in Brazil comes from iron and magnesium reserves.

Brazil also exploits deposits of nickle, tin, chromite, uranium, bauxite, beryllium, copper, lead, tungsten, zinc, gold, and other minerals.

Economic Status

300 years after being discovered by the Portuguese Brazil obtained it's first permit from the Portuguese colonial government to set up factories and manufacturers.

By the 21st century Brazil was the eighth largest economy in the world.

The time when the economy grew the greatest was between 1875 and 1975.

Brazil has created a balance between exports and imports.

Sources “Economy of Brazil.” Wikipedia.

http://en.wikipedia.org/wiki/Economy_of_Brazil

“Brazil Industry.” Google Images. http://www.ddbstock.com/jpeg1/brasili3.jpg

“Brazil Agriculture.” Google Images. http://pipstore.com/info/wp-content/uploads/2008/03/bioethanol_8.jpg

“Brazil Natives.” Goggle Images. http://upload.wikimedia.org/wikipedia/en/6/60/Aatsista-Mahkan.jpg

“Brazil's manufactured.” Google Images. http://burnyourfuel.com/My_Files/FIAT/fiat-100m-car.jpg

“Brazil's Economy.” Google Images. http://photos.longjaunt.com/2008/03/13/last_day_in_brazil/005.jpg

“Brazil's Economy Status.” Google Images. http://www.lamnews.com/brazil11.jpg