Brazil

Alexus Smith

Overall Score: 56.6 World Rank: 118

Brazil Quick Facts /United State

  • Population: 193.3 million/316.4 million
  • GDP: $2.4 Trillion/$16.8 Trillion
  • GDP: 2.3% growth/1.9% growth
  • GDP: 2.6% 5-year compound annual growth/1.2%
  • GDP: $12,221 per capita/$53,101
  • Unemployment: 6.6%/7.5%
  • Inflation: 6.2%/1.5%
  • Foreign Direct Investment: $64.0 billion/$187.5 billion

7 Major Sources of Economic Progress

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Monetary Stability

I took a screenshot of part of the background information from the site for the monetary stability. It talks about how it declined half of the 10 economic freedoms. It took money from their government and made almost all things decrease. Brazil doesn't have freedom in anything anymore.

Restore Their Economic Growth

In this video, its talking about how Brazil is trying to build up its economy even though it is low. Brazil is exporting oil to different countries, but Levy believe cheaper oil with help out Brazil's economy. Joaquim Levy thinks the $50 oil is a little to much for Brazil, but they can work with it. China's economy is still growing and getting better compared to Brazil, but Brazil is exporting soybeans and things to China which is helping China's economic growth. Their inflation is really high and they need economic growth badly. Joaquim Levy believes that they can lower the inflation and can restore their economic growth.
These three resources is what they export the most to other countries.