Brazil economy is surviving well

Characterized by large and well-developed agricultural, mining, manufacturing, and service sectors, Brazil's economy outweighs that of all other South American countries and Brazil is expanding its presence in world markets.

Brazil is the biggest and strongest among South American countries. Since 2003, it steadily was improving its macroeconomic stability by- reducing national debt, increasing foreign reserves, controlling inflation and practicing fiscal restraints.

But in 2008, it was also affected by the financial crises. Investors got out of Brazil and it experienced recession for two quarters.

However, due to its strong and conservative policies, it was one of the earliest countries, who got out of the 2008 recession. Its Central Bank expects a GDP growth of 5% for 2010.

GDP (purchasing power parity):

•· $2.024 trillion (2009 est.) 0.1% (2009 est.)

•· $2.022 trillion (2008 est.) 5.1% (2008 est.)

•· $1.924 trillion (2007 est.) 6.1% (2007 est.)

]GDP - per capita (PPP):
$10,200 (2009 est.)

$10,300 (2008 est.)

$9,900 (2007 est.)
Labor force:
95.21 million (2009 est.)

Brazil has a population of 190 million. Service sector income accounts for 66.8% of its GDP, with the industrial sector at 29.7%, and agriculture with 3.5%.