IntroductionThis assessment is on the economic development of Brazil. Brazil is a developing country with new industry, agriculture and the contrast of urban and rural (the Amazon rainforest, mainly) areas and the contrast of the wealthy cities and poor slums. But how is Brazil doing economically? And how does this compare to other countries? For the answers, read on!Question 3: How has Brazil's wealth changed since 1993? How does this change compare with what has happened in the other counties?Wealth is measured in GDP (Gross Domestic Product) and sometimes in GDP per capita (per person). The unit used is the US$ because the US economy is the strongest in the world. Sometimes US$ PPP (Purchasing Power Parity) is used because the dollar buys more in some countries than others. Brazil's GDP per capita (US$ PPP) was:Ã¢ÂÂ¢In 1993-was 5500.
Ã¢ÂÂ¢In 1998-was 6625.
Ã¢ÂÂ¢In 2003-was 7600.
There has been an overall increase of 38%, a steady rise.
Brazil has the highest GDP of any Latin American country; is the ninth largest economy in the world through PPP and the tenth largest market exchange rate in the world. Furthermore, Brazil has a GDP growth of 5.4% (2007). Moreover, the GDP growth by sector is enormous; the agriculture sector has grown by 20%; the industry sector has grown by 14% and the service sector by 66% (2003 estimate). On the other hand, 21% of the population is below the poverty line (2007 estimate).
Brazil's GDP (2007 estimate): US$1,314 trillion (tenth worldwide).
Brazil's GDP per capita (2007 estimate): US$6,842 (61st worldwide).
Brazil's GDP PPP (2007 estimate): US$1,804 trillion (eighth worldwide)Brazil's GDP per capita PPP (2007 estimate): US$11,873 (65th worldwide)Out of the ten countries that were chosen, Brazil beat only three by GDP (overall on the graph). They were: Bangladesh, India and Kenya. Mexico...