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 1,839,500

millions

35.6%

 

USD 8,755

 

Economic Statistics (years 2016 - forecast 2021)

National Accounts 2016 2017 2018 2019 f.2020 f.2021
             
GDP growth (%) -3.3% 1.3% 1.3% 1.1% -7.5% 3.7%
Nominal GDP (USD millions) 1,796,300 2,062,400 1,885,100 1,839,500 1,537,700 1,746,200
GDP per Head (USD) 8,754 9,973 9,041 8,755 7,260 8,187
Inflation (%) 6.3% 2.9% 3.7% 4.3% 3.1% 3.7%
Fiscal Balance (% GDP) -7.5% -8.9% -6.9% -5.9% -12.0% -7.2%
General Govt. gross debt (% GDP) 69.8% 73.7% 76.5% 75.8% 90.0% 90.9%
   

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) 2016 2017 2018 2019 f.2020 f.2021
             
Exports of Goods 184,314 218,069 239,537 225,821 202,442 217,288
Exports growth (%) -3.0% 18.3% 9.8% -5.7% -10.4% 7.3%
Imports of Goods 139,680 154,109 186,490 185,039 168,369 181,925
Imports growth (%) -19.0% 10.3% 21.0% -0.8% -9.0% 8.1%
Foreign Trade (% GDP) 18% 18% 23% 22% 24% 23%
             
Current Account Balance -24,230 -15,015 -41,540 -49,452 -35,542 -40,391
% GDP -1.3% -0.7% -2.2% -2.7% -2.3% -2.3%
Foreign Direct Investment 74,295 68,885 78,162 73,480 55,110 68,888
% GDP 4.1% 3.3% 4.1% 4.0% 3.6% 3.9%
   

 

Disclaimer

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