Swot Analysis Of Brazil Economy

1378 Words6 Pages
Introduction
The Brazilian economy is the seventh largest at market exchange rates in the world. According to the International Monetary Fund and World Bank, it also is the seventh largest by Purchasing Power Parity (PPP), as of 2012. The country has been expanding its economic position in international financial and commodities markets. Example as Brazil is one of member of the BRIC group. BRIC consists of four countries which are Brazil, Russia, India and India. These four countries are all deemed to be at a similar stage of newly advanced economic development. Brazil is a regional power as the largest national economy in Latin America. It is the leader among developing countries. Brazil’s National Development Bank (BNDES) plays very important
…show more content…
Brazil is a mega diverse country which rich in variety of wildlife, natural environments, extensive natural resources. Due to this condition, it has a mixed economy with abundant natural resources. This country has becomes the world’s largest producer of coffee for the last 150 years. It also has becomes the fourth largest car market in the world. Majority of its export products are including aircraft, electrical equipment, automobiles, ethanol, textiles, footwear, iron ore, steel, orange juice, soybean and corned beef. By adding up with Brazil is sit on the 23rd ranking worldwide in value of exports. One of the tool that used by Brazil to well-develop its economic is its foreign policy. This policy is a by-product of the country’s unique position and it is generally based on the principles of multilateralism. Brazil is providing aid as a donor to other developing countries. While it does not only apply its growing economic strength to provide financial aid, but it also provides high level of…show more content…
The economic growth at the first stage is increase from 2.16% in year 1996 to 3.37% in year 1997. But GDP drops significantly to 0.04% in year 1998. In year 1999, the GDP growth slightly to 0.25% and continues increase dramatically to 4.30% in year 2000. The GDP decreases sharply from 4.30% to 1.32%in year 2001. After that, the turning back of economic growth increases to 2.65% in year 2002. In year 2003, the GDP continue fall down to 1.16% and rise abruptly to 5.7% in year 2004. Unfortunately, the GDP goes down to 3.16%. The rising trend of GDP goes on to 3.96% and 6.09% in year 2006 and 2007 respectively. The GDP decreases slightly to 5.17% in the next year. In the year 2009 the economic reduces to negative situation which is -0.33%. In year 2010, the economic is recovering which increase dramatically to the positive situation for 7.52%. This is because Brazil increasingly in skilled workforce and using the high technological development,has attracted foreign direct

More about Swot Analysis Of Brazil Economy

Open Document