On How Brazil Positioned Itself as the 7th Largest Economy in the World

The Federative Republic of Brazil is Latin America's biggest economy and is the fifth largest country in the world in terms of land mass and population with about 192 million people. Brazil’s economy, the 6th largest in the world, grew 2.7% in 2011. Growth slowed due to reduced demand for Brazilian exports in Europe and Asia, despite solid domestic demand and a growing middle class.

“Brazil is the largest country in both South America and the Latin American region. It is the world's fifth largest country, both by geographical area and by population.” (Crocitti and Vallance). The official language in Brazil is Portuguese and the country has an approximate population of 184 million people. (National Geographic ) They’re well known for their passion for Soccer, as they have produced some of the best players in the sport and hosted the Fifa world cup this past summer. They have won the World cup, five times, more than any other country.

Located in South America, Brazil has the seventh largest economy in the world with its nominal GDP. Brazil’s economy is the biggest in Latin America and ranks second in the Western hemisphere, following the United States. Brazil’s GDP is 2.246 trillion USD. With a population of 200.4 million, Brazil has a GDP per capita of 15.9 thousand ranking 71st in the world.The currency of Brazil is the Brazilian Real.

In 1950, the inflation rate was 9.2%; by 1964, it had increased to 89.9%. The rise of inflation over these fourteen years caused the devaluation of Brazil's currency, which weakened the economy and highlighted the government's inability to stabilize its own currency. Additionally, President Kubitschek increased the national debt by approximately $1.5 billion because of the 1957 Brasília project that moved the capital from Rio de Janeiro towards the center of the country and renamed it Brasília. This change was made in order to encourage westward movement, however, the government lacked the funds to complete the project without greatly increasing the national debt. Despite increased national debt from radically attempting to grow the economy, in 1964 Brazil’s president, João Goulart, announced reforms aimed to aid the poor. The Basic Reforms involved agricultural, financial, electoral and educational reforms to allow Brazil to move progress forward. However, the military grew worried with the reform because land would be redistributed throughout the country in order to decrease the wealth gap, a plan that many leftist nations took in order to equalize

Brazil is located in South America which is located next to Bolivia and Venezuela. On the map, the coordinates are 50 West and 10 South. Brazil is the second largest county in South America and the fifth largest country in the world. The population in Brazil is 202,033,670 people. The official language spoken in Brazil in Portuguese and the capital is Brasilia. Money in Brazil has changed many times due to high inflation rates. The official currency of Brazil is the Real. Examples of bills used are: $1, $2, $5, and $20. Examples of coins used are: 1 cent, 5 cents, and 10 cents. The climate in Brazil is

Brazil was one of the fastest-growing major economies in the world surpassing that of the United Kingdom. Brazil 's economic growth has however decelerated in 2013 and had almost no liquid growth throughout 2014. Brazil’s economy is expected to grow by only 1.8% in 2015.

2. As of 2013, Brazil had the seventh largest economy in the world, with a GDP of $2.2 trillion.1 They are also the largest economy in Latin America.2 While they experienced high GDP growth from 2008 through 2010, it has slowed in recent years due to high inflation, high operating costs, low productivity and overdependence on exports of raw commodities.3 Their primary exports include coffee, iron ore, soy beans, and transport equipment, predominantly to China (18 percent) and the United States (12 percent).4 In addition to their existing commodities, substantial offshore oil fields have been discovered that “have the potential to turn the country into one of the top

Brazil, Officially the Federative Republic of Brazil, is the largest country in both South America and in Latin American region and the fifth largest country in the world. It is situated in eastern South America, bordering the Atlantic Ocean as well as the Argentina, Bolivia, Colombia, French Guiana, Guyana, Paraguay, Peru, Suriname, Uruguay, and Venezuela. Brazil is divided into 27 federal units, 26 of which are states and the other one is a federal district which is their capital, Brasilia.

Brazil is located in Eastern South America and borders the Atlantic Ocean. Brazil is very comparable to the USA, being only slightly smaller in size. The economy is well-developed in agriculture, mining, manufacturing, and service sectors, and it has an expanding middle class. Brazil was under Portuguese rule until it gained independence in 1822 and maintained a monarchical system of government until the abolition of slavery in 1888.

Federative Republic of Brazil has an area of 8.5 million square-kilometers, which is slightly smaller than the US, and makes it the fifth largest country in the world (The World FactBook [WFB], 2015a). It has a population of about 204.3 million (WFB, 2015a). As the South America's largest economy, the gross domestic product (GDP) of Brazil is about $2.353 trillion and the GDP per capita is around $16,100 in 2014 (WFB, 2015a).

Since 2000, Brazil has significantly improved its economic performance. Strong global demand and high prices for its commodity exports resulting

Brazil’s past governmental leaders also created economic problems, due to borrowing money and attempts to solve the crisis by printing even more money, and then trying to fix the inflation problems. Before 2000, Brazil borrowed over $41.5 billion in loans and guarantees from the International Monetary Fund (IMF) and other international organizations. Per capita income in 1970 was also only $1,000. (Rother 139-140). Many of the presidents of Brazil attempted to fix the economic issues, such as Jose Sarney, who became president in 1985, after about twenty years of the country ruled under military politicians. Sarney created a spending program, which unfortunately increased the money supply, leading to hyperinflation. (Watkins 0). After Sarney, the next president was Fernando Collor de Mello, who attempted to fix the problems that Sarney created by freezing prices and wages, bank accounts, and he “imposed high taxes on financial transactions” (Rother 143). He

Brazil has a population of 202 million people, distributed in a geographic area of 8,515,767.049 sq Km. From 1964 to 1988, the country were under a military regime, after promulgation of the first Constitution in 1988, the dictatorship was banned. Afterwards, it faced with several economic plans to control meteoric inflation rates, finally about 2000, during the mandate of Sr. Fernando Henrique Cardoso, population experienced economic stability and controlled inflation rate. The currency, Real, had turned equivalent to dollar and population started to consume a diversity of products, nationals or internationals.

According to the World Bank , currently the Gross Domestic Product in Brazil was worth $2346.12 billion US dollars in 2014. The Gross National Product is $2.956 trillion dollars. The GDP in Brazil was averaged at $586.15 US Billion from 1960 all the way until 2014. It reached a record high of $2615.19 US Billion in 2011 and a record low of $15.17 US Billion in 1960. During the years after World War II, the annual Gross National Product growth rate for Brazil, 7.4%, was among the highest in the world.

In the past 20 years the Brazilian economy and government have overcome many difficult and major monetary problems. During the period of time from the 1980s to the 1990s Brazil experienced widespread inflation, leading to the devaluation of the Brazilian currency. This in turn hindered efforts at economic expansion and growth. The politicians and economists of the time did not know how to stop inflation from growing, and the GDP of Brazil in the 1990s fell by more than 80 percent, hitting an all-time low. In addition to monetary problems, like other South American countries Brazil was battling high rates of government corruption. In fact President Collor de Mello was impeached due to charges of corruption during September of 1992. Inflation was running very high in the midst of the 1990’s for Brazil and though many government leaders had promised to combat it since the 1980s, unfortunately their plans failed to work (The Real Plan, 2013, January 1). Thankfully, one man came up with the “Real Plan” which in fact worked and eliminated high inflation. After a successful recovery under the Real plan, Brazil would be hit in the future by two more economic crises: the South American economic crisis of 2002 and economic crisis of 2008, which had originated in the U.S. The economic crisis of 2008 was felt throughout the world, but thankfully Brazilian experience with the high inflation rates and economic crisis during the 1990’s helped them better prepare for the economic problems