Brazil

Brazil is a democratic federal state with presidential system of government, located in Eastern South America. It is the 8th largest economy in the world (by GDP PPP) and is a major exporter of natural resources – specifically, soybeans, sugar, coffee, corn, iron ore and oil. Around 50% of Brazil’s merchandise exports are directed to just three markets (China, the European Union and United States), but total trade volume amounts to just 12% of GDP, which is a relatively low figure for a commodity exporter. The central bank, Banco Central do Brazil (CBB), pursues an inflation-targeting approach to monetary policy and maintains a floating exchange rate regime. Brazilian real is correlated with the prices for key export commodities, but not very closely. Manufacturing sector of Brazil is the third-largest in the Americas, accounting for 29% of national income. Economic weaknesses include: dependence on commodity prices, corruption, political and social tensions, high taxation and large fiscal deficits.

Names and Codes
Country Name Brazil
Country code BRA
Currency Name Brazilian real
Currency Code BRL
Currency Symbol R
Subunit R$1 = 100 centavos
Key Pair USD/BRL
Forex Quote direct
Central Bank Name Central Bank of Brazil
Central Bank Abb. CBB
Economy and Trade
GDP (USD billion, 2017) 2055
GDP per capita (USD, PPP, 2017) 15600
Real GDP growth (2013-17) -0.5
Inflation (2013-17) 6.7
FDI inflows (% GDP, 2013-17) 3.7
Current account balance (% GDP, 2013-17) -2.5
Trade (% GDP, 2014-16) 12.1
Share in world total exports (%, 2016) 1.16
Monetary Policy and Currency
Exchange rate regime Floating
Monetary policy Inflation targeting
Price stability 4.50%
Real Interest Rate 4.70
Currency - global turnover (USD billion, 2016) 51
Currency - global share (%, 2016) 1.00
Key Pair - global turnover (USD billion, 2016) 45
Key Pair - global share (%, 2016) 0.90
Ranking - Economy
GDP per capita (USD, PPP, 2017)
Real GDP growth (2013-17)
Current account balance (% GDP, 2013-17)
Trade (% GDP, 2014-16)
Ranking - Currency and Monetary Policy
Currency - global turnover (USD billion, 2016)
Key Pair - global turnover (USD billion, 2016)
Real Interest Rate
Inflation (2013-17)
International Trade
Main Export (%, 2015)
Main Import (%, 2015)