Above all, we will discuss the Brazilian GDP. It is officially called the Federative Republic of Brazil. It is the largest country in South America. Its Capital name is Brasilia and its Largest city name is Sao Paulo. Its official and national language is called Portuguese.
However By ethnic groups, 47.73% were white, 43.13% Mixed, 7.61% Black, and 1.09% East Asian. By religion, 88.8% Christianity, and 8.0% No religion. Its total area is 8,515,768 sq. km. its total population is 210,147,125 by year 2019 and 213,071,022 in 2021.
Its foreign reserves are $373.9 billion by the year 2017.
Its total GDP is $1.49 trillion (nominal) by 2021 and $3.32 trillion (PPP). Brazil’s GDP rank is 13th (nominal) and 8th (PPP) by the year 2021. Her GDP growth is 1.3% (2018), 1.1% (2019), -4.1% (2020) and 4.0% (2021). His GDP per capita is $7,011 (nominal) by the year 2021 and $15,643 (PPP) by the year 2020. Brazil GDP per capita rank is 82nd (nominal) by the year 2021 and 79th (PPP) by the year 2021. When we talk about its GDP by sector, Services 76%, industry 18.5%, and agriculture 5.5% by the year 2016
The inflation rate in Brazil is 3.6% in the year 2020 and 3.75% in 2018. 11.18% population live below the poverty line. Brazil’s HDI is 0.765 by the year 2019. Its labor force is, agriculture 9.4%, industry 32.1%, and services 58.5% by the year 2017. The unemployment rate in Brazil is 14.7% by the year 2020 and 11.0% in 2019.
However, Brazil’s main industries are textiles, shoes, chemicals, cement, lumber iron ore, etc. in ease of doing business its rank is 124th according to 2020.
Imports and exports
In conclusion, Brazil’s total exports are $217.7 billion by the year 2017. Its main export goods are, aircraft, steel, machinery, transport, automobile, iron, cotton, etc. its main export partners are China, European Union, the US, Argentina, and Japan.
Brazil’s total imports are $150.72 billion by the year 2017. Its main import goods are machinery, electrical, transport, chemicals, electronics, etc. its main import partners are the European Union, China, the US, Argentina, and others.
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