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Brazilian Economy

roduct (GDP) $432 billion

Per Capita GDP Growth Rate 3 percent

Total Exports (1993) $38.8 billion

Total External Debt (1993) $123 billion

Debt Service Ratio (1992) 24.4

Exports by Sector (1990) [visually estimated from graphs]

Purchasing power (pct of US) 23 pct

Cost of living (pct of NYC) 60 pct

Urbanization 76 pct

Literacy Rate 81 pct

UN Human Development Index 74 pct

Life Expectancy -- Female 68 yrs

Income Distribution by Decile (1980):

1 Poorest 10 pct of pop. 1.1 pct of income

2 1.8

3 2.7

4 3.7

7 8.4

8 11.4

9 17.1

10 Wealthiest 10 pct of pop. 42.6 pct of income

(No detailed recent data on income distribution patterns were available; however, it should be noted that the above distribution was little changed since 1960. Given the remarks from Hoover's Handbook (1993, p. 520) regarding income inequality, it appears improbable that income distribution has changed greatly since 1980.)

Numerous areas of strength are visible in the statistical picture of Brazil presented above. The relative per capita GDP and cost-of-living data are unfortunately mapped against differing baselines; the first against the United States as a whole and the second against New York City. (If we make the simplifying assumption that the cost of living in New York is equal to the average U.S. cost of living, we arrive at a Brazilian average material standard of living that stands at 38 percent of the American standard.) Since living costs in New York are surely above the U.S. average, this undo

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Brazilian Economy. (1969, December 31). In LotsofEssays.com. Retrieved 01:24, May 02, 2024, from https://www.lotsofessays.com/viewpaper/1692256.html