Temer To Ram Through Unpopular Reforms

Temer To Ram Through Unpopular Reforms

Brazil’s administration faces an approval rating of only 10.3% and the unpredictable course of corruption investigations. But president Michel Temer still has a major opportunity to get Congress this year to approve his ambitious and unpopular austerity reforms of social security, labor laws, and the opening of rural land and domestic airline sectors to foreign investors.

 
 
Source
Central bank

Central Bank of Brazil

International Reserves

USD 362.6 billion (2016)

International Monetary Fund (IMF), data retrieved January 2017

Gross Domestic Product - GDP

USD 1,953.9 billion (2017, estimate)

GDP (Purchasing Power Parity)

Intl$ 3,218.0 billion (2017, estimate)

Real GDP growth
2006 2007 2008 2009 2010 2011 2012
4% 6.1% 5.1% -0.1% 7.5% 3.9% 1.9%
2013 2014 2015* 2016* 2017*    
3% 0.1% -3.9% -3.3% 0.5%    

*Estimate

GDP per capita - current prices

USD 9,408.5 (2017, estimate)

GDP per capita - PPP

Intl$ 15,495.7 (2017, estimate)

GDP (PPP) - share of world total
1980 1990 2000 2010 2017*
4.33% 3.66% 3.14% 3.07% 2.6%

*Estimate

 
 
Source
GDP - composition by sector
  • agriculture: 6.3% 
  • industry: 21.8% 
  • services: 72% 

(2016 estimate)

Gross domestic expenditure on R&D; (% of GDP)

N/A

Inflation
2013 2014 2015* 2016* 2017*
6.2% 6.3% 9.0% 9.0% 5.4%

*Estimate

Unemployment rate
2013 2014 2015* 2016* 2017*
7.2% 6.8% 8.5% 11.2% 11.5%

*Estimate

Household saving rates

N/A

Public debt (General government gross debt as a % of GDP)
2013 2014 2015* 2016* 2017*
60.4% 63.3% 73.7% 78.3% 82.4%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)
2013 2014 2015* 2016* 2017*
-3% -6% -10.3% -10.4% -9.1%

*Estimate

Government bond ratings

Standard & Poor's: BB

Moody's: Ba2

Standard & Poor's / Moody's (Updated January 2017)

Market value of publicly traded shares
2013 2014 2015
USD 1020.5 billion USD 843.9 billion USD 490.5 billion
Largest companies

Itaú Unibanco Holding, Banco Bradesco, Banco do Brasil, Petrobras, JBS, Vale, Itaúsa, BRF, Ultrapar Participacoes, Braskem, Cielo, Eletrobrás, Metalurgica Gerdau, Cemig, Oi, Companhia Brasileira de Distribuicao, BM&F Bovespa, CSN, Rede Empresas.

 
 
Source
Current account balance

USD -25.9 billion (2017 estimate)

Current account balance by percentage of GDP

-1.3% (2017 estimate)

Exports as percent of GDP (Exports of goods and services)

13.0% (2015)

Shares in world total merchandising export

1.2% (2015)

Shares in world total commercial services export

0.7% (2015)​

Total exports

USD 189.7 billion (2016 estimate)

Export commodities

Transport equipment, iron ore, soybeans, footwear, coffee, automobiles

Total imports

USD 143.9 billion (2016 estimate)

 
 
Source
Import commodities

Machinery, electrical and transport equipment, chemical products, oil, automotive parts, electronics

Exports - major partners

China 18.6%, US 12.7%, Argentina 6.7%, Netherlands 5.3% (2015)

Imports - major partners

China 17.9%, US 15.6%, Germany 6.1%, Argentina 6% (2015)

FDI inflows
2013 2014 2015
USD 53,060 million USD 73,086 million USD 64,648 million
FDI outflows
2013 2014 2015
USD -1,180 million USD 2,230 million USD 3,072 million
Value of cross-border M&A, by country of purchaser
2012 2013 2014 2015
USD 7401.5 million USD 2955.5 million USD -2448.8 million USD -1653.8 million
Cross-border M&A deals worth over $3 billion completed in 2014

N/A

(for a monthly update on M&A; click here )

Cross-border M&A deals worth over $3 billion completed in 2015

Telefonica Brasil SA, GVT Participacoes SA, Brazil, USD 9.8 billion

(for a monthly update on M&A; click here )

Best countries for doing business

Economies are ranked on their ease of doing business. A high ease of doing business ranking means the regulatory environment is more conducive to the starting and operation of a local firm.

Overall ranking: 123 out of 190 countries (2016)

Subcategories:

Starting a business: 175 out of 190 countries

Enforcing Contracts: 37 out of 190 countries

Registering Property: 128 out of 190 countries

Getting credit: 101 out of 190 countries

Protecting investors: 32 out of 190 countries

Trading across border: 149 out of 190 countries

Paying Taxes: 181 out of 190 countries

Dealing with Construction Permits: 172 out of 190 countries

Getting Electricity: 47 out of 190 countries

Resolving Insolvency: 67 out of 190 countries

Global competitiveness ranking

81 out of 138 countries

(2016-2017)

Index of Economic Freedom

Ranking: 122 / Score: 56.54 (Mostly unfree) (2017)

(100=totally free 0=totally repressed)

 
 
Source
Time zone

UTC-3 (3 time zones)

 

Total area

8,514,877 sq km

Capital

Brasilia

Currency

reals (BRL)

Government type

federal republic

Languages

Portuguese (official and most widely spoken language)
note: less common languages include Spanish (border areas and schools), German, Italian, Japanese, English, and a large number of minor Amerindian languages

Religions

Roman Catholic 64.6%, other Catholic 0.4%, Protestant 22.2% (includes Adventist 6.5%, Assembly of God 2.0%, Christian Congregation of Brazil 1.2%, Universal Kingdom of God 1.0%, other Protestant 11.5%), other Christian 0.7%, Spiritist 2.2%, other 1.4%, none 8%, unspecified 0.4% (2010 est.)

Total population
1990 2000 2010 2014* 2019**
146.59 million 171.28 million 193.253 million 200.004 million 207.787 million

*Estimate    **Forecast

 
 
Source
Urban population as % of total population
1960 1980 2000 2013
44.9% 65% 81% 85%
Population median age

30.7 years (2014 est.)

Population growth rate

0.8% (2014 est.)

Life expectancy

73.28 years (2014 estimate)

Adult literacy

90.4% (2010 est.)

% of population living on less than $2 a day

6.8% (2012)

Inequality of wealth distribution (Gini index)

52.7 (2012)

(0=perfect equality, 100=absolute inequality)

Freedom House rating

Political Rights: 2
Civil Liberties: 2 (2014)

(1 represents the most free, 7 the least free)

Source
Total telephone subscribers as % of population

Fixed 22.3%  Mobile 135.3%
(2013)
(fixed-telephone subscribers and mobile-cellular subscribers)

Internet users as % of total population

51.60% (2013)

Cost of living - Mercer index(ranking by city on a basis of 214; the 1st is the most expensive and the 214th is the least expensive)

Brasilia 144th (2014)

CO2 emissions(Metric tons of CO2 per capita)

2.2 (2010)

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