The Economy of Brazil
Table of Contents
Introduction 3
Gross Domestic Product (PPP) 4
Inflation 5
Unemployment Rate 6
Correlation of Inflation and Unemployment 7
Correlation of Unemployment and Gross Domestic Product 7
Correlation of Inflation and Gross Domestic Product 7
Conclusion 8
Appendix 1 8
Appendix 2 9
Appendix 4 10
Appendix 5 10
Appendix 6 11
Introduction
Brazil is a country of fast growth and development over the years, it is the sixth country with the highest nominal GDP which considered the leading economy in Latin American and the second largest in the western hemisphere. There are several economic events that trace the changes in the history of Brazil’s economy. Brazil was colonized by Portuguese in the 16th century when they enforced colonial treaty, trade policy which leads to the development the fallowing three centuries.
The turning point for socioeconomics in Brazil was after World War II. Only 31.3% of Brazil’s 41.2 million populations lived in cities and towns, however by 1991 with the population of 146.9 million, 75.5% resided in cities. This results in Brazil having two of the world’s largest metropolitan centers – Sao Paulo and Rio De Janeiro.
In 1992 the shares of the primary sectors decrease from 28% in 1947 to 11%. On the other hand the number of contribution of industry to GNP increased from 20% in 1947 to 39% in 1992 (Investment U). This was a sign showing that Brazil is shifting from heavy reliable on primary industries to secondary industries and value added goods. There were a wide range of products for domestic markets and international markets, which includes consumer’s goods, intermediate goods, and capital goods.
Unfortunately in 1980s and 1990s the economy of Brazil was disadvantage because of the weak cunrrency, which at the same time caused Brazil economic growth at the time to restrain. Several attempts, was put into action by the government unfortunately failed. However stability grew stronger in 1994 when Plano Real was
Introduction 3
Gross Domestic Product (PPP) 4
Inflation 5
Unemployment Rate 6
Correlation of Inflation and Unemployment 7
Correlation of Unemployment and Gross Domestic Product 7
Correlation of Inflation and Gross Domestic Product 7
Conclusion 8
Appendix 1 8
Appendix 2 9
Appendix 4 10
Appendix 5 10
Appendix 6 11
Introduction
Brazil is a country of fast growth and development over the years, it is the sixth country with the highest nominal GDP which considered the leading economy in Latin American and the second largest in the western hemisphere. There are several economic events that trace the changes in the history of Brazil’s economy. Brazil was colonized by Portuguese in the 16th century when they enforced colonial treaty, trade policy which leads to the development the fallowing three centuries.
The turning point for socioeconomics in Brazil was after World War II. Only 31.3% of Brazil’s 41.2 million populations lived in cities and towns, however by 1991 with the population of 146.9 million, 75.5% resided in cities. This results in Brazil having two of the world’s largest metropolitan centers – Sao Paulo and Rio De Janeiro.
In 1992 the shares of the primary sectors decrease from 28% in 1947 to 11%. On the other hand the number of contribution of industry to GNP increased from 20% in 1947 to 39% in 1992 (Investment U). This was a sign showing that Brazil is shifting from heavy reliable on primary industries to secondary industries and value added goods. There were a wide range of products for domestic markets and international markets, which includes consumer’s goods, intermediate goods, and capital goods.
Unfortunately in 1980s and 1990s the economy of Brazil was disadvantage because of the weak cunrrency, which at the same time caused Brazil economic growth at the time to restrain. Several attempts, was put into action by the government unfortunately failed. However stability grew stronger in 1994 when Plano Real was
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