Compare Brazil (2008) - Brazil (2007)

Compare Brazil (2008) z Brazil (2007)

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	Brazil (2008)	Brazil (2007)

Debt - external	$230.3 billion (30 June 2007)	$191.2 billion (2006 est.)
Economy - overview	Characterized by large and well-developed agricultural, mining, manufacturing, and service sectors, Brazil's economy outweighs that of all other South American countries and is expanding its presence in world markets. Having weathered 2001-03 financial turmoil, capital inflows are regaining strength and the currency has resumed appreciating. The appreciation has slowed export volume growth, but since 2004, Brazil's growth has yielded increases in employment and real wages. The resilience in the economy stems from commodity-driven current account surpluses, and sound macroeconomic policies that have bolstered international reserves to historically high levels, reduced public debt, and allowed a significant decline in real interest rates. A floating exchange rate, an inflation-targeting regime, and a tight fiscal policy are the three pillars of the economic program. From 2003 to 2007, Brazil ran record trade surpluses and recorded its first current account surpluses since 1992. Productivity gains coupled with high commodity prices contributed to the surge in exports. Brazil improved its debt profile in 2006 by shifting its debt burden toward real denominated and domestically held instruments. LULA DA SILVA restated his commitment to fiscal responsibility by maintaining the country's primary surplus during the 2006 election. Following his second inauguration, LULA DA SILVA announced a package of further economic reforms to reduce taxes and increase investment in infrastructure. The government's goal of achieving strong growth while reducing the debt burden is likely to create inflationary pressures.	Characterized by large and well-developed agricultural, mining, manufacturing, and service sectors, Brazil's economy outweighs that of all other South American countries and is expanding its presence in world markets. From 2001-03 real wages fell and Brazil's economy grew, on average only 2.2% per year, as the country absorbed a series of domestic and international economic shocks. That Brazil absorbed these shocks without financial collapse is a tribute to the resiliency of the Brazilian economy and the economic program put in place by former President CARDOSO and strengthened by President LULA DA SILVA. Since 2004, Brazil has enjoyed continued growth that yielded increases in employment and real wages. The three pillars of the economic program are a floating exchange rate, an inflation-targeting regime, and tight fiscal policy, initially reinforced by a series of IMF programs. The currency depreciated sharply in 2001 and 2002, which contributed to a dramatic current account adjustment; from 2003 to 2006, Brazil ran record trade surpluses and recorded its first current account surpluses since 1992. Productivity gains - particularly in agriculture - also contributed to the surge in exports. While economic management has been good, there remain important economic vulnerabilities. The most significant are debt-related: the government's largely domestic debt increased steadily from 1994 to 2003 - straining government finances - before falling as a percentage of GDP beginning in 2003. Brazil improved its debt profile in 2006 by shifting its debt burden toward real denominated and domestically held instruments. LULA DA SILVA restated his commitment to fiscal responsibility by maintaining the country's primary surplus during the 2006 election. Following his second inauguration, LULA DA SILVA announced a package of further economic reforms to reduce taxes and increase public investment. A major challenge will be to maintain sufficient growth to generate employment and reduce the government debt burden.
Exchange rates	reals per US dollar - 1.85 (2007 est.), 2.1761 (2006), 2.4344 (2005), 2.9251 (2004), 3.0771 (2003)	reals per US dollar - 2.1761 (2006), 2.4344 (2005), 2.9251 (2004), 3.0771 (2003), 2.9208 (2002)
GDP - composition by sector	agriculture: 5.1% industry: 30.8% services: 64% (2007 est.)	agriculture: 5.1% industry: 30.9% services: 64% (2006 est.)
GDP - real growth rate	4.9% (2007 est.)	3.7% (2006 est.)
Industrial production growth rate	4.5% (2007 est.)	3.2% (2006 est.)
Inflation rate (consumer prices)	4.1% (2007 est.)	4.2% (2006 est.)
International organization participation	AfDB, BIS, CAN (associate), CPLP, CSN, FAO, G-15, G-24, G-77, IADB, IAEA, IBRD, ICAO, ICC, ICCt, ICRM, IDA, IFAD, IFC, IFRCS, IHO, ILO, IMF, IMO, IMSO, Interpol, IOC, IOM, IPU, ISO, ITSO, ITU, ITUC, LAES, LAIA, Mercosur, MIGA, MINURSO, MINUSTAH, NAM (observer), NSG, OAS, OPANAL, OPCW, PCA, RG, UN, UNCTAD, UNESCO, UNFICYP, UNHCR, UNIDO, Union Latina, UNITAR, UNMEE, UNMIL, UNMIS, UNMIT, UNOCI, UNWTO, UPU, WCL, WCO, WFTU, WHO, WIPO, WMO, WTO	AfDB, BIS, CAN (associate), CPLP, CSN, FAO, G-15, G-24, G-77, IADB, IAEA, IBRD, ICAO, ICC, ICCt, ICRM, IDA, IFAD, IFC, IFRCS, IHO, ILO, IMF, IMO, IMSO, Interpol, IOC, IOM, IPU, ISO, ITSO, ITU, ITUC, LAES, LAIA, Mercosur, MIGA, MINUSTAH, NAM (observer), NSG, OAS, OPANAL, OPCW, PCA, RG, UN, UN Security Council (temporary), UNCTAD, UNESCO, UNHCR, UNIDO, Union Latina, UNITAR, UNMIL, UNMIS, UNMOVIC, UNOCI, UNWTO, UPU, WCL, WCO, WFTU, WHO, WIPO, WMO, WTO
Judicial branch	Supreme Federal Tribunal or STF (11 ministers are appointed for life by the president and confirmed by the Senate); Higher Tribunal of Justice; Regional Federal Tribunals (judges are appointed for life); note - though appointed "for life," judges, like all federal employees, have a mandatory retirement age of 70	Supreme Federal Tribunal (11 ministers are appointed for life by the president and confirmed by the Senate); Higher Tribunal of Justice; Regional Federal Tribunals (judges are appointed for life); note - though appointed "for life," judges, like all federal employees, have a mandatory retirement age of 70
Labor force	99.47 million (2007 est.)	97.77 million (2006 est.)
Legislative branch	bicameral National Congress or Congresso Nacional consists of the Federal Senate or Senado Federal (81 seats; 3 members from each state and federal district elected according to the principle of majority to serve eight-year terms; one-third and two-thirds elected every four years, alternately) and the Chamber of Deputies or Camara dos Deputados (513 seats; members are elected by proportional representation to serve four-year terms) elections: Federal Senate - last held 1 October 2006 for one-third of the Senate (next to be held in October 2010 for two-thirds of the Senate); Chamber of Deputies - last held 1 October 2006 (next to be held in October 2010) election results: Federal Senate - percent of vote by party - NA; seats by party - PFL 6, PSDB 5, PMDB 4, PTB 3, PT 2, PDT 1, PSB 1, PL 1, PPS 1, PRTB 1, PP 1, PCdoB 1; Chamber of Deputies - percent of vote by party - NA; seats by party - PMDB 89, PT 83, PFL 65, PSDB 65, PP 42, PSB 27, PDT 24, PL 23, PTB 22, PPS 21, PCdoB 13, PV 13, PSC 9, other 17; note - as of 1 January 2008: Federal Senate - seats by party - PMDB 20, DEM (formerly PFL) 14, PSDB 13, PT 12, PTB 6, PDT 5, PR 4, PRB 2, PSB 2, PCdoB 1, PP 1, PSOL 1; Chamber of Deputies - seats by party - PMDB 90, PT 83, PSDB 64, DEM (formerly PFL) 62, PP 41, PR 34, PSB 28, PDT 23, PTB 21, PPS 17, PV 13, PCdoB 13, PSC 7, PAN 4, PSOL 3, PMN 3, PTC 3, PHS 2, PTdoB 1, PRB 1	bicameral National Congress or Congresso Nacional consists of the Federal Senate or Senado Federal (81 seats; 3 members from each state and federal district elected according to the principle of majority to serve eight-year terms; one-third and two-thirds elected every four years, alternately) and the Chamber of Deputies or Camara dos Deputados (513 seats; members are elected by proportional representation to serve four-year terms) elections: Federal Senate - last held 1 October 2006 for one-third of the Senate (next to be held in October 2010 for two-thirds of the Senate); Chamber of Deputies - last held 1 October 2006 (next to be held in October 2010) election results: Federal Senate - percent of vote by party - NA; seats by party - PFL 6, PSDB 5, PMDB 4, PTB 3, PT 2, PDT 1, PSB 1, PL 1, PPS 1, PRTB 1, PP 1, PCdoB 1; total seats following election - PFL 18, PMDB 15, PSDB 15, PT 11, PDT 5, PTB 4, PSB 3, PL 3, PCdoB 2, PRB 2, PPS 1, PRTB 1, PP 1; Chamber of Deputies - percent of vote by party - NA; seats by party - PMDB 89, PT 83, PFL 65, PSDB 65, PP 42, PSB 27, PDT 24, PL 23, PTB 22, PPS 21, PCdoB 13, PV 13, PSC 9, other 17
Pipelines	condensate/gas 244 km; gas 12,070 km; liquid petroleum gas 351 km; oil 5,214 km; refined products 4,410 km (2007)	condensate/gas 244 km; gas 11,669 km; liquid petroleum gas 341 km; oil 5,212 km; refined products 4,755 km (2006)
Political parties and leaders	Brazilian Democratic Movement Party or PMDB [Federal Deputy Michel TEMER]; Brazilian Labor Party or PTB [Roberto JEFFERSON]; Brazilian Renewal Labor Party or PRTB [Jose Levy FIDELIX da Cruz]; Brazilian Republican Party or PRB [Vitor Paulo Araujo DOS SANTOS]; Brazilian Social Democracy Party or PSDB [Senator Sergio GUERRA]; Brazilian Socialist Party or PSB [Governor Eduardo Henrique Accioly CAMPOS]; Christian Labor Party or PTC [Daniel TOURINHO]; Communist Party of Brazil or PCdoB [Jose Renato RABELO]; Democratic Labor Party or PDT [Carlos Roberto LUPI]; the Democrats or DEM (formerly Liberal Front Party or PFL) [Federal Deputy Rodrigo MAIA]; Freedom and Socialism Party or PSOL [Heloisa HELENA]; Green Party or PV [Jose Luiz de Franca PENNA]; Humanist Party of Solidarity or PHS [Paulo Roberto MATOS]; Labor Party of Brazil or PTdoB [Luis Henrique de Oliveira RESENDE]; Liberal Front Party or PFL (now known as the Democrats or DEM); National Mobilization Party or PMN [Oscar Noronha FILHO]; Party of the Republic or PR [Sergio TAMER]; Popular Socialist Party or PPS [Federal Deputy Fernando CORUJA]; Progressive Party or PP [Francisco DORNELLES]; Social Christian Party or PSC [Vitor Jorge Abdala NOSSEIS]; Workers' Party or PT [Ricardo Jose Ribeiro BERZOINI]	Brazilian Democratic Movement Party or PMDB [Federal Deputy Michel TEMER]; Brazilian Labor Party or PTB [Roberto JEFFERSON]; Brazilian Renewal Labor Party or PRTB [Jose Levy FIDELIX da Cruz]; Brazilian Republican Party or PRB [Vitor Paulo Araujo DOS SANTOS]; Brazilian Social Democracy Party or PSDB [Senator Tasso JEREISSATI]; Brazilian Socialist Party or PSB [Governor Eduardo Henrique Accioly CAMPOS]; Communist Party of Brazil or PCdoB [Jose Renato RABELO]; Democratic Labor Party or PDT [Carlos Roberto LUPI]; Democratic Socialist Party or PSD [Luis Marques MENDES]; Freedom and Socialism Party or PSOL [Heloisa HELENA]; Green Party or PV [Jose Luiz de Franca PENNA]; Humanist Party of Solidarity or PHS; Liberal Front Party or PFL (now known as the Democrats Party or DEM); Liberal Party or PL; Partido Municipalista Renovador or PMR [Natal Wellington Rodrigues FURUCHO]; Party of the Republic or PR [Sergio TAMER]; Popular Socialist Party or PPS [Federal Deputy Roberto FREIRE]; Progressive Party or PP [Federal Deputy Pedro CORREA]; Social Christian Party or PSC; Workers' Party or PT [Ricardo Jose Ribeiro BERZOINI]
Political pressure groups and leaders	Landless Workers' Movement or MST; labor unions and federations; large farmers' associations; religious groups including evangelical Christian churches and the Catholic Church	Landless Worker's Movement; labor unions and federations; large farmers' associations; religious groups including evangelical Christian churches and the Catholic Church
Unemployment rate	9.8% (2007 est.)	9.6% (2006 est.)

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