The 2004 CIA World Factbook. United States. Central Intelligence Agency
Miguel ARRAES]; Communist Party of Brazil or PCdoB [Renato RABELO];
Democratic Labor Party or PDT [Carlos LUPI]; Green Party or PV [Jose
Luiz de Franca PENNA]; Liberal Front Party or PFL [Senator Jorge
BORNHAUSEN]; Liberal Party or PL [Federal Deputy Valdemar COSTA
Neto]; National Order Reconstruction Party or PRONA [Federal Deputy
Dr. Eneas CARNEIRO]; Popular Socialist Party or PPS [Federal Deputy
Roberto FREIRE]; Progressive Party or PP [Federal Deputy Pedro
CORREA]; Worker's Party or PT [Jose GENOINO]; Social Christian Party
or PSC [Vitor Jorge ABDALA NOSSEIS]
Political pressure groups and leaders:
Landless Worker's Movement; large farmers' associations; labor
unions and federations; religious groups including evangelical
christian churches and the Catholic Church
International organization participation:
AfDB, BIS, FAO, G-15, G-24, G-77, IADB, IAEA, IBRD, ICAO, ICC,
ICCt, ICFTU, ICRM, IDA, IFAD, IFC, IFRCS, IHO, ILO, IMF, IMO,
Interpol, IOC, IOM, ISO, ITU, LAES, LAIA, Mercosur, MIGA, MINUSTAH,
NAM (observer), NSG, OAS, OPANAL, OPCW, PCA, RG, UN, UN Security
Council (temporary), UNCTAD, UNESCO, UNHCR, UNIDO, UNITAR, UNMIK,
UNMIL, UNMISET, UNMOVIC, UNOCI, UPU, WCL, WCO, WFTU, WHO, WIPO, WMO,
WToO, WTO
Diplomatic representation in the US: chief of mission: Ambassador Roberto ABDENUR FAX: [1] (202) 238–2827 consulate(s) general: Boston, Chicago, Houston, Los Angeles, Miami, New York, and San Francisco chancery: 3006 Massachusetts Avenue NW, Washington, DC 20008 telephone: [1] (202) 238–2700
Diplomatic representation from the US: chief of mission: Ambassador John DANILOVICH embassy: Avenida das Nacoes, Quadra 801, Lote 3, Distrito Federal Cep 70403–900, Brasilia mailing address: Unit 3500, APO AA 34030 telephone: [55] (61) 312–7000 FAX: [55] (61) 225–9136 consulate(s) general: Rio de Janeiro, Sao Paulo consulate(s): Recife
Flag description:
green with a large yellow diamond in the center bearing a blue
celestial globe with 27 white five-pointed stars (one for each state
and the Federal District) arranged in the same pattern as the night
sky over Brazil; the globe has a white equatorial band with the
motto ORDEM E PROGRESSO (Order and Progress)
Economy Brazil
Economy - overview:
Possessing 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. From 2001–03 real wages fell and Brazil's economy
grew, on average, only 1.1% per year, as the country absorbed a
series of domestic and international economic shocks. That Brazil
absorbed these shocks without financial collapse is a tribute to the
resiliency of the Brazilian economy and the economic program put in
place by former President CARDOSO and strengthened by President Lula
DA SILVA. The three pillars of the economic program are a floating
exchange rate, an inflation-targeting regime, and tight fiscal
policy, which have been reinforced by a series of IMF programs. The
currency depreciated sharply in 2001 and 2002, which contributed to
a dramatic current account adjustment: in 2003, Brazil ran a record
trade surplus and recorded the first current account surplus since
1992. While economic management has been good, there remain
important economic vulnerabilities. The most significant are
debt-related: the government's largely domestic debt increased
steadily from 1994 to 2003, straining government finances, while
Brazil's foreign debt (a mix of private and public debt) is large in
relation to Brazil's modest (but growing) export base. Another
challenge is maintaining economic growth over a period of time to
generate employment and make the government debt burden more
manageable.
GDP:
purchasing power parity - $1.375 trillion (2003 est.)
GDP - real growth rate:
−0.2% (2003 est.)
GDP - per capita:
purchasing power parity - $7,600 (2003 est.)
GDP - composition by sector: agriculture: 10.2% industry: 38.7% services: 51.2% (2003 est.)
Investment (gross fixed):
18% of GDP (2003)
Population below poverty line:
22% (1998 est.)
Household income or consumption by percentage share: lowest 10%: 0.7% highest 10%: 48% (1998)
Distribution of family income - Gini index:
60.7 (1998)
Inflation rate (consumer prices):
14.7% (2003)
Labor force:
82.59 million (2003 est.)
Labor force - by occupation:
agriculture 23%, industry 24%, services 53%
Unemployment rate:
12.3% (2003 est.)
Budget:
revenues: $147.2 billion
expenditures: $172.4 billion, including capital expenditures of NA
(2003)
Public debt:
58.5% of GDP (2003)
Agriculture - products:
coffee, soybeans, wheat, rice, corn, sugarcane, cocoa, citrus; beef
Industries:
textiles, shoes, chemicals, cement, lumber, iron ore, tin, steel,
aircraft, motor vehicles and parts, other machinery and equipment
Industrial production growth rate:
0.4% (2003 est.)
Electricity - production:
321.2 billion kWh (2001)
Electricity - consumption:
335.9 billion kWh (2001)
Electricity - exports:
0 kWh (2001)
Electricity - imports:
37.19 billion kWh; note - supplied by Paraguay (2001)
Oil - production:
1.561 million bbl/day (2001 est.)
Oil - consumption:
2.199 million bbl/day (2001 est.)
Oil - exports:
NA (2001)
Oil - imports:
NA (2001)
Oil - proved reserves: