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| Government Type |
federative republic |
| Legal System |
based on Roman codes; has not accepted compulsory ICJ jurisdiction |
| Currency |
real (BRL) |
| Economic 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. 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, and the country posted moderate GDP growth. Economic growth slowed considerably in 2001-02 - to less than 2% - because of a slowdown in major markets and the hiking of interest rates by the Central Bank to combat inflationary pressures. New president DA SILVA, who took office 1 January 2003, has given priority to reforming the complex tax code, trimming the overblown civil service pension system, and continuing the fight against inflation. |
| Natural Resources |
bauxite, gold, iron ore, manganese, nickel, phosphates, platinum, tin, uranium, petroleum, hydropower, timber |
| Primary Industries |
textiles, shoes, chemicals, cement, lumber, iron ore, tin, steel, aircraft, motor vehicles and parts, other machinery and equipment |
| Agricultural Products |
coffee, soybeans, wheat, rice, corn, sugarcane, cocoa, citrus; beef |
| Import Commodities |
machinery, electrical, and transport equipment, chemical products, oil |
| Export Commodities |
transport equipment, iron ore, soybeans, footwear, coffee, autos |
| Export Partners |
US 24.2%, Argentina 11.6%, Germany 5.4%, Netherlands 4.4%, Japan, Italy (2001) |
| AIRPORTS of Brazil |
| Belo Horizonte - Tancredo Neves Int´l Airport |
International, Belo Horizonte, MG 42km (26miles), Position 19°38´00"S, 043°58´07"W, Elevation 829m (2,719ft),24 Aircraft Stands |
Detals |
| BRASILIA INTERNATIONAL AIRPORT - PRESIDENTE JUSCEL |
The airport is located 11km (7 miles) south of Brasilia |
Detals |
| Recife - Guararapes/Gilberto Freyre Int´l Airport |
International, Heliport, Recife, PE 11km (6miles), Position 08°07´03"S, 034°45´52"W, Elevation 10m (32ft),21 Aircraft Stands |
Detals |
| Rio De Janeiro - Santos Dumont Airport |
The airport is located 20km (13 miles) north of the city |
Detals |
| São Paulo - Viracopos Airport |
São Paulo |
Detals |
| São Paulo - Guarulhos Int´l Airport |
The airport is located 25km (18 miles) northeast of São Paulo and linked by the Ayrton Senna and Presidente Dutra highways |
Detals |
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