General Information

Exports of Latin America’s largest economy consist mainly of soy and its derivatives at 14% (world’s leading exporter), petroleum and fuels at 12.4%, iron ore and its concentrates at 9.9%, beef and chicken at 5.5%, and coffee and sugar at 5%.
(Source: Ministério do Desenvolvimento, Indústria e Comércio Exterior, Trademap)

Gross Domestic Product (GDP) % of regional GDP GDP per head

USD 1,868,300

millions

35.6%

 

USD 8,931

 

Economic Statistics (years 2015 - forecast 2020)

National Accounts 2015 2016 2017 2018 f.2019 f.2020
             
GDP growth (%) -3.5% -3.3% 1.1% 1.1% 1.5% 2.5%
Nominal GDP (USD millions) 1,799,700 1,795,700 2,053,200 1,868,300 1,869,500 1,972,100
GDP per Head (USD) 8,800 8,713 9,885 8,931 8,873 9,298
Inflation (%) 10.7% 6.3% 2.9% 3.7% 4.1% 3.8%
Fiscal Balance (% GDP) -8.2% -6.4% -8.0% -7.1% -5.8% -4.9%
General Govt. gross debt (% GDP) 65.5% 69.9% 74.1% 77.2% 82.2% 83.5%
   

Trade Statistics

Foreign Trade - Composition        
           
Exports     Imports    
           
By countries     By countries  
China 26.6%   China   20.3%
US 12.1%   US   17.2%
Argentina 6.2%   Argentina   6.5%
Netherlands 5.4%   Netherlands 5.4%
           
By products     By products  
Agricultural products 48.4%   Manufactures 72.3%
Manufactures 35.9%   Fuels and mining prod. 21.7%
Fuels and mining prod. 15.7%   Agricultural products 5.9%

 

   
Balance of Payments (USD millions) 2015 2016 2017 2018 f.2019 f.2020
             
Exports of Goods 190,077 184,453 217,243 239,034 239,971 255,839
Exports growth (%) -15.2% -3.0% 17.8% 10.0% 0.4% 6.6%
Imports of Goods 172,422 139,416 153,215 185,447 200,452 215,083
Imports growth (%) -25.3% -19.1% 9.9% 21.0% 8.1% 7.3%
Foreign Trade (% GDP) 20% 18% 18% 23% 24% 24%
             
Current Account Balance -54,472 -24,009 -7,235 -14,509 -24,950 -30,027
% GDP -3.0% -1.3% -0.4% -0.8% -1.3% -1.5%
Foreign Direct Investment 60,334 73,378 70,258 88,319 91,852 95,526
% GDP 3.4% 4.1% 3.4% 4.7% 4.9% 4.8%
   

 

Disclaimer

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