In Brazil's case, statistics showed that 4.5 million people emigrated to the country between 1882 and 1934. In 2007, with a population of over 209 million and abundant natural resources, Brazil is one of the ten largest markets in the world, producing tens of millions of tons of steel, 26 million tons of cement, 3.5 million television sets, and 3 million refrigerators.
From Portugal's colonization of Brazil (1500–1822) until the late 1930s, the Brazilian economy relied on the production of primary products for exports.
Smaller numbers of immigrants also came from the Netherlands, France, Finland, Iceland to and the Scandinavian countries, Lithuania, Belgium, Bulgaria, Hungary, Greece, Latvia, England, Ireland, Scotland, Croatia, Czech Republic, Malta, North Macedonia and Luxembourg, the Middle East (mainly from Lebanon, Syria and Armenia), Japan, the United States and South Africa, until the 1930s.
In Brazil's case, statistics showed that 4.5 million people emigrated to the country between 1882 and 1934. In 2007, with a population of over 209 million and abundant natural resources, Brazil is one of the ten largest markets in the world, producing tens of millions of tons of steel, 26 million tons of cement, 3.5 million television sets, and 3 million refrigerators.
Since the 1980s, Odebrecht has spent several billion dollars in the form of bribes to bribe parliamentarians to vote in favour of the group.
At the municipal level, Odebrecht's corruption was aimed at "stimulating privatisations", particularly in water and sewer management. == Data == The following table shows the main economic indicators in 1980–2018.
Important steps taken since the 1990s toward fiscal sustainability, as well as measures taken to liberalize and open the economy, have significantly boosted the country's competitiveness fundamentals, providing a better environment for private-sector development.
During the early 1990s, the banking sector accounted for as much as 16 percent of the GDP.
From 2000 to 2012, Brazil was one of the fastest-growing major economies in the world, with an average annual GDP growth rate of over 5%.
While Europe received 710 million tourists in 2018, Asia 347 million and North America 142.2 million, South America received only 37 million, Central America 10.8 million and the Caribbean 25.7 million. === Largest companies === In 2017, 20 Brazilian companies were listed in the Forbes Global 2000 list – an annual ranking of the top 2000 public companies in the world by Forbes magazine based on a combination of sales, assets, profit, and market value.
In the foreign markets, it answers for 25 percent of global exports of raw cane and refined sugar; it is the world leader in soybean exports and is responsible for 80 percent of the planet's orange juice, and since 2003, has had the highest sales figures for beef and chicken. In the production of animal proteins, Brazil is today one of the largest countries in the world.
Imports previously accounted for more than 70% of the country's oil needs but Brazil became self-sufficient in oil in 2006–2007.
In Brazil's case, statistics showed that 4.5 million people emigrated to the country between 1882 and 1934. In 2007, with a population of over 209 million and abundant natural resources, Brazil is one of the ten largest markets in the world, producing tens of millions of tons of steel, 26 million tons of cement, 3.5 million television sets, and 3 million refrigerators.
Also, the previously monopolistic reinsurance sector is being opened up to third-party companies. 31 December 2007, there were an estimated 21,304,000 broadband lines in Brazil.
On 8 May 2008, the São Paulo Stock Exchange (Bovespa) and the São Paulo-based Brazilian Mercantile and Futures Exchange (BM&F) merged, creating BM&F Bovespa, one of the largest stock exchanges in the world.
Brazil has remained stuck in the "middle income trap" and also faces high unemployment. According to the World Economic Forum, Brazil was the top country in upward evolution of competitiveness in 2009, gaining eight positions among other countries, overcoming Russia for the first time, and partially closing the competitiveness gap with India and China among the BRIC economies.
The country has an estimated at Int$21.8 trillion worth of natural resources which includes vast amounts of gold, uranium, iron, and timber. As of late 2010, Brazil's economy is the largest in Latin America and the second largest in the Americas.
Due to a downturn in Western economies, Brazil found itself in 2010 trying to halt the appreciation of the real. Data from the Asian Development Bank and the Tax Justice Network show the untaxed "shadow" economy of Brazil is 39% of GDP. One of the most important corruption cases in Brazil concerns the company Odebrecht.
From 2000 to 2012, Brazil was one of the fastest-growing major economies in the world, with an average annual GDP growth rate of over 5%.
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 and the country entered a recession in 2014.
In textile industry, Brazil, although it was among the 5 largest world producers in 2013, is very little integrated in world trade.
In the total generation of electricity, in 2019 Brazil reached 170,000 megawatts of installed capacity, more than 75% from renewable sources (the majority, hydroelectric). In 2013, the Southeast Region used about 50% of the load of the National Integrated System (SIN), being the main energy consuming region in the country.
However, Brazil's economic growth decelerated in 2013 and the country entered a recession in 2014.
In 2016, the country was the 2nd largest producer of pulp in the world and the 8th producer of paper.
The economy started to recover in 2017, with a 1% growth in the first quarter followed by a 0.3% growth in second quarter compared to the same period of the previous year, and officially exited the recession.
According to data from the Brazilian Institute of Geography and Statistics, extreme poverty had increased by 11 per cent in 2017, while inequalities also increased again (the Gini index rose from 0.555 to 0.567).
In addition, about 70 million cubic meters of petroleum were being processed annually into fuels, lubricants, propane gas, and a wide range of hundreds of petrochemicals. Brazil has at least 161,500 kilometers of paved roads, more than 150 gigawatts of installed electric power capacity and its real per capita GDP surpassed US$9,800 in 2017.
While Europe received 710 million tourists in 2018, Asia 347 million and North America 142.2 million, South America received only 37 million, Central America 10.8 million and the Caribbean 25.7 million. === Largest companies === In 2017, 20 Brazilian companies were listed in the Forbes Global 2000 list – an annual ranking of the top 2000 public companies in the world by Forbes magazine based on a combination of sales, assets, profit, and market value.
The steel industry is a prime example of that, with Brazil being the 9th largest steel producer in 2018, and the 5th largest steel net exporter in 2018 Gerdau is the largest producer of long steel in the Americas, owning 337 industrial and commercial units and more than 45,000 employees across 14 countries. Income inequality in Brazil is also a marked feature of the Brazilian economy, an aspect which is frequently highlighted abroad.
In 2018, the chemical industry of Brazil was the 8th in the world.
High-quality coking-grade coal required in the steel industry is in short supply. === Tourism === In the list of world tourist destinations, in 2018, Brazil was the 48th most visited country, with 6.6 million tourists (and revenues of 5.9 billion dollars).
While Europe received 710 million tourists in 2018, Asia 347 million and North America 142.2 million, South America received only 37 million, Central America 10.8 million and the Caribbean 25.7 million. === Largest companies === In 2017, 20 Brazilian companies were listed in the Forbes Global 2000 list – an annual ranking of the top 2000 public companies in the world by Forbes magazine based on a combination of sales, assets, profit, and market value.
In 2019, the country was the world's largest exporter of chicken meat.
According to the 2019 list, Brazil has the 13th most valuable industry in the world (US$173.6 billion).
In the food industry, in 2019, Brazil was the second largest exporter of processed foods in the world.
In the footwear industry, in 2019, Brazil ranked 4th among world producers.
In 2019, the country was the 8th producer of vehicles and the 9th producer of steel in the world.
Brazil was the 10th largest oil producer in the world in 2019, with 2.8 million barrels / day.
In 2019, Brazil had 217 hydroelectric plants in operation, with an installed capacity of 98,581 MW, 60.16% of the country's energy generation.
In the total generation of electricity, in 2019 Brazil reached 170,000 megawatts of installed capacity, more than 75% from renewable sources (the majority, hydroelectric). In 2013, the Southeast Region used about 50% of the load of the National Integrated System (SIN), being the main energy consuming region in the country.
Brazil has a developing mixed economy that is the twelfth largest in the world by nominal Gross Domestic Product (GDP) and eighth largest by purchasing power parity in 2020.
According to International Monetary Fund (IMF) estimates, Brazil's 2020 nominal GDP was R$7.348 trillion or US$1.363 trillion.
In 2020, Forbes ranked Brazil as having the 7th largest number of billionaires in the world.
In the beginning of 2020, in the production of oil and natural gas, the country exceeded 4 million barrels of oil equivalent per day, for the first time.
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