Brazil and Italy Business Environments
Brazil
Overview
Capital City: Brasilia
Principle Language: Portuguese
Population: 151 million people
Area: 3.3 million square miles
Population Density per mile: 46.1
Natural Population Growth: 2.0%
Currency: Cruzerio
Exchange Rate (as of 4/11/97) $1.00 = 1.0640
(Moody?s 1077)
Economy
Brazil is the fifth largest country in the world and boasts the tenth largest economy. In 1994 the economy was US $536,309m which equals a per capita GDP of 3,370. Between 1985 and 1994 per capita GDP decreased by 0.4% this is due to the rapid population expansion of approximately 2% per year. During the same time period the real GDP increased by 2.1% and by 5.8% in 1994.(Europa 637) Fernanado Henrique Cordoso has brought inflation down to 1% a month or 12% a year. Prior to his election inflation sometimes reached upwards of 1000% a year.(Lomheim)
Industry is the largest component of GDP. It accounted for 34% of GDP and 23% of the labor force in 1994. This area has had an average GDP increase of only 0.7% during the period between 1980 to 1993. Agriculture which includes hunting, fishing, and forestry contributed 13.1% of GDP
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