10 Facts about Brazil’s Economy
Facts about Brazil’s Economy present the information about the economy of Brazil. In 2015, Brazil takes the record as the 8th largest economy based on the nominal of GDP. Based on the purchasing power parity, Brazil takes the seventh place. Let’s find out more interesting facts about Brazil’s economy below:
Facts about Brazil’s Economy 1: the characteristics of Brazil’s economy
The economy of Brazil has the inward oriented economy and moderate fee markets. In the western hemisphere, Brazil has the second largest economy. In Latin America, it takes the largest one.
Facts about Brazil’s Economy 2: the fastest growing country
Brazil was one of the fastest growing economies in the world in 2000 till 2012. The growth rate for the GDP at that time was five percent. Therefore, it takes the sixth country with largest economy in 2012.
Facts about Brazil’s Economy 3: the important steps to boost the economy of Brazil
The officials had done anything to boost the economy in Brazil. Since 1990s, there have been several important steps conducted by the government to open and liberalize the economy. Therefore, the private sector in Brazil can be developed. Get facts about branding here.
Facts about Brazil’s Economy 4: the billionaires in Brazil
Brazil is ranked as the fifth largest number of billionaires in the world based on Forbes in 2012.
Facts about Brazil’s Economy 5: the economic organizations
The country is a member of various economic organizations such as Cairns Group, WTO, Mercosur, G8+5, Unasul and G20.
Facts about Brazil’s Economy 6: the main sector in Brazil
The primary sector in Brazil is the service sector. It contributes to 67.0 percent for the GDP. The industrial sector is also important for it contributes 27.5 percent for the GDP. The agricultural sector occupies 5.5 percent from the total GDP of Brazil in 2011. Find out facts about agriculture here.
Facts about Brazil’s Economy 7: the labor force
Now let’s find out the labor force in Brazil. 71 percent of all people who engages in the labor force work in the service section. 10 percent of people are in the industry section, while 10 percent of them are in the agricultural sector. The total labor force in Brazil is 100.77 million people.
Facts about Brazil’s Economy 8: The Land Reform Program
One of the important programs which can generate 2 million jobs for the Brazilian people was The Land Reform Program.
Facts about Brazil’s Economy 9: the packaging sector
The economy of Brazil is also boosted by the packaging sector. This country also generates the short fiber timber cellulose.
Facts about Brazil’s Economy 10: the industries
The industries in Brazil are related to aircraft, steel, automobile, consumer durables, and petrochemicals.
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