Portuguese, less common languages include Spanish, German, Italian, Japanese, English, and many minor Amerindian languages
Economic Overview
Key economic indicators for Brazil
GDP:
$4.016 trillion
GDP per Capita:
$19,000
GDP Growth:
2.91%
Inflation:
4.59%
Unemployment:
7.95%
Public Debt:
83.7% of GDP
Credit Rating:
BB- (2018)
Political System
Governance structure of Brazil
Government Type:
federal presidential republic
Head of State:
President Luiz Inácio LULA da Silva (since 1 January 2023)
Head of Government:
President Luiz Inácio LULA da Silva (since 1 January 2023)
Judiciary:
Supreme Federal Court or Supremo Tribunal Federal (consists of 11 justices)
Administrative Divisions:
26 states (estados, singular - estado) and 1 federal district* (distrito federal); Acre, Alagoas, Amapa, Amazonas, Bahia, Ceara, Distrito Federal*, Espirito Santo, Goias, Maranhao, Mato Grosso, Mato Grosso do Sul, Minas Gerais, Para, Paraiba, Parana, Pernambuco, Piaui, Rio de Janeiro, Rio Grande do Norte, Rio Grande do Sul, Rondonia, Roraima, Santa Catarina, Sao Paulo, Sergipe, Tocantins
Major Political Parties
Not specified
International Relations
Global position and alliances
UN Member:
Yes
EU Member:
No
Diplomatic Presence:
3006 Massachusetts Avenue NW, Washington, DC 20008
Major Alliances and Organizations
BRICSOAS
Economic Sectors & Trade
Detailed economic breakdown
Major Economic Sectors
Agriculture
6.2% (2023 est.)
Industry
22.3% (2023 est.)
Services
58.9% (2023 est.)note: figures may not total 100% due to non-allocated consumption not captured in sector-reported data
Trade Volume
Exports:
$389.215 billion
Imports:
$337.04 billion
Major Trading Partners
China 30
USA 10
Argentina 5
Netherlands 3
Chile 2
Economic Outlook
Brazil has a 2.91% GDP growth rate with 4.59% inflation. The economy is characterized by a strong agriculture sector.