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In the year 1999, Brazil produced a gross domestic product (GDP) of R$44,403,000 million or US$2,223,737 million in nominal terms, ranking 7th worldwide, and Int$2,896,461 million in Purchasing Power Parity (PPP) terms, ranking 7th worldwide, according to the Brazilian Institute of Geography and Statistics (IBGE) and the International Monetary Fund (IMF).
Its GDP surpassed that of the United Kingdom in 2012, temporarily making Brazil the world's sixth-largest economy. However, Brazil's economic growth decelerated in 2013 [34] and the country entered a recession in 2014. The economy started to recover in 2017, with a 1% growth in the first quarter, followed by a 0.3% growth in second quarter ...
Base map: Blank Map of Brazil.svg; Statistics Brazil (IBGE): Resumo por UF - Sistema de Contas Regionais 2020 (in pt-BR). Agência de Notícias - IBGE.
Services activity, which accounts for about 70% of all activity in Brazil's economy, gained 7.4% from February 2021, also below the 8.8% increase forecast in the poll.
Brazil is the largest economy in South America in terms of Nominal GDP, it has a vast and diverse economic landscape encompassing agriculture, manufacturing, services, and natural resources. Due to Brazil's major economy, it has a large influence over its neighbors, and even globally.
Map of Latin America showing modern political divisions. Latin America as a region has multiple nation-states, with varying levels of economic complexity. The Latin American economy is an export-based economy consisting of individual countries in the geographical regions of North America, Central America, South America, and the Caribbean.
Economic activity in Brazil (1977) Brazil suffered drastic reductions in its terms of trade as a result of the 1973 oil shock. [14] In the early 1970s, the performance of the export sector was undermined by an overvalued currency. [14] With the trade balance under pressure, the oil shock led to a sharply higher import bill. [14]
The first list includes estimates compiled by the International Monetary Fund's World Economic Outlook, the second list shows the World Bank's data, and the third list includes data compiled by the United Nations Statistics Division. The IMF's definitive data for the past year and estimates for the current year are published twice a year in ...