The 2001 CIA World Factbook. United States. Central Intelligence Agency
four year period, two-thirds elected after the next four-year period) and the Chamber of Deputies or Camara dos Deputados (513 seats; members are elected by proportional representation to serve four-year terms)
elections: Federal Senate - last held 4 October 1998 for one-third of Senate (next to be held NA October 2002 for two-thirds of the Senate); Chamber of Deputies - last held 4 October 1998 (next to be held NA October 2002)
election results: Federal Senate - percent of vote by party - NA%; seats by party - PMDB 27, PFL 20, PSDB 16, PT 7, PPB 5, PSB 3, PDT 2, PPS 1; Chamber of Deputies - percent of vote by party - NA%; seats by party - PFL 106, PSDB 99, PMDB 82, PPB 60, PT 58, PTB 31, PDT 25, PSB 19, PL 12, PCdoB 7, other 14
Judicial branch: Supreme Federal Tribunal (11 ministers are appointed by the president and confirmed by the Senate); Higher Tribunal of Justice; Regional Federal Tribunals (judges are appointed for life)
Political parties and leaders: Brazilian Democratic Movement Party or PMDB [Jader BARBALHO, president]; Brazilian Labor Party or PTB [Roberto JEFFERSON]; Brazilian Social Democracy Party or PSDB [Teotonio VILELA Filno]; Brazilian Socialist Party or PSB [Miguel ARRAES, president]; Brazilian Progressive Party or PPB [Paulo Salim MALUF]; Communist Party of Brazil or PCdoB [Sergio Roberto Gomes SOUZA, chairman]; Democratic Labor Party or PDT [Leonel BRIZOLA, president]; Liberal Front Party or PFL [Jorge BORNHAUSEN, president]; Liberal Party or PL [Francisco Teixeira de OLIVEIRA]; Popular Socialist Party or PPS [Ciro GOMEZ, president]; Worker's Party or PT [Jose DIRCEU, president]
Political pressure groups and leaders: left wing of the Catholic Church, Landless Worker's Movement, and labor unions allied to leftist Worker's Party are critical of government's social and economic policies
International organization participation: AfDB, BIS, CCC, ECLAC,
FAO, G-11, G-15, G-19, G-24, G-77, IADB, IAEA, IBRD, ICAO, ICC,
ICFTU, ICRM, IDA, IFAD, IFC, IFRCS, IHO, ILO, IMF, IMO, Inmarsat,
Intelsat, Interpol, IOC, IOM (observer), ISO, ITU, LAES, LAIA,
Mercosur, NAM (observer), NSG, OAS, OPANAL, OPCW, PCA, RG, UN,
UNCTAD, UNESCO, UNHCR, UNIDO, UNITAR, UNMOP, UNTAET, UNU, UPU, WCL,
WFTU, WHO, WIPO, WMO, WToO, WTrO
Diplomatic representation in the US: chief of mission: Ambassador
Rubens Antonio BARBOSA
chancery: 3006 Massachusetts Avenue NW, Washington, DC 20008
telephone: [1] (202) 238–2700
FAX: [1] (202) 238–2827
consulate(s) general: Boston, Chicago, Houston, Los Angeles, Miami, New York, and San Francisco
Diplomatic representation from the US: chief of mission: Ambassador
Anthony S. HARRINGTON
embassy: Avenida das Nacoes, Quadra 801, Lote 3, Distrito Federal Cep 70403–900, Brasilia
mailing address: Unit 3500, APO AA 34030
telephone: [55] (061) 321–7272
FAX: [55] (061) 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)
Brazil Economy
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. In the late eighties and early nineties, high inflation hindered economic activity and investment. "The Real Plan", instituted in the spring of 1994, sought to break inflationary expectations by pegging the real to the US dollar. Inflation was brought down to single digit annual figures, but not fast enough to avoid substantial real exchange rate appreciation during the transition phase of the "Real Plan". This appreciation meant that Brazilian goods were now more expensive relative to goods from other countries, which contributed to large current account deficits. However, no shortage of foreign currency ensued because of the financial community's renewed interest in Brazilian markets as inflation rates stabilized and the debt crisis of the eighties faded from memory. The maintenance of large current account deficits via capital account surpluses became problematic as investors became more risk averse to emerging market exposure as a consequence of the Asian financial crisis in 1997 and the Russian bond default in August 1998. After crafting a fiscal adjustment program and pledging progress on structural reform, Brazil received a $41.5 billion IMF-led international support program in November 1998. In January 1999, the Brazilian Central Bank announced that the real would no longer be pegged to the US dollar. This devaluation helped moderate the downturn in economic growth in 1999 that investors had expressed concerns about over the summer of 1998. Brazil's debt to GDP ratio for 1999 beat the IMF target and helped reassure investors that Brazil will maintain tight fiscal and monetary policy even with a floating currency. The economy continued to recover in 2000, with inflation remaining in the single digits and expected growth for 2001 of 4.5%. Foreign direct investment set a record of more than $30 billion in 2000.
GDP: purchasing power parity - $1.13 trillion (2000 est.)
GDP - real growth rate: 4.2% (2000 est.)
GDP - per capita: purchasing power parity - $6,500 (2000 est.)
GDP - composition by sector: agriculture: 9%
industry: 29%
services: 62% (1999 est.)
Population below poverty line: 17.4% (1990 est.)
Household income or consumption by percentage share: lowest 10%: 1%
highest 10%: 47.6% (1996)
Inflation rate (consumer prices): 6% (2000)
Labor force: 79 million (1999 est.)
Labor force - by occupation: services 53.2%, agriculture 23.1%, industry 23.7%
Unemployment rate: 7.1% (2000 est.)
Budget: revenues: $151 billion
expenditures: $149 billion, including capital expenditures of $36 billion (1998)
Industries: textiles, shoes, chemicals, cement, lumber, iron ore, tin, steel, aircraft, motor vehicles and parts, other machinery and equipment
Industrial production growth rate: 6.9% (2000 est.)
Electricity - production: 337.44 billion kWh (1999)
Electricity - production by source: fossil fuel: 5.28%
hydro: 90.66%
nuclear: 1.12%
other: 2.94% (1999)
Electricity - consumption: 353.674 billion kWh (1999)
Electricity - exports: 5 million kWh (1999)
Electricity - imports: 39.86 billion kWh
note: supplied by Paraguay (1999)
Agriculture - products: coffee, soybeans, wheat, rice, corn, sugarcane, cocoa, citrus; beef
Exports: $55.1 billion (f.o.b., 2000)
Exports - commodities: manufactures, iron ore, soybeans, footwear, coffee
Exports - partners: US 23%, Argentina 11%, Germany 5%, Netherlands 5%, Japan 5% (1999)
Imports: $55.8 billion (f.o.b., 2000)
Imports - commodities: machinery and equipment, chemical products,