tize state enterprises, and liberalize trade and investment
policies have lost momentum. Brazil's natural resources remain a
major, long-term economic strength
National product:
GDP - purchasing power equivalent - $785 billion (1993 est.)
National product real growth rate:
5% (1993)
National product per capita:
$5,000 (1993 est.)
Inflation rate (consumer prices):
2,709% (1993)
Unemployment rate:
4.9% (1993)
Budget:
revenues:
$113 billion
expenditures:
$109 billion, including capital expenditures of $23 billion (1992)
Exports:
$38.8 billion (f.o.b. 1993)
commodities:
iron ore, soybean bran, orange juice, footwear, coffee, motor vehicle
parts
partners:
EC 27.6%, Latin America 21.8%, US 17.4%, Japan 6.3% (1993)
Imports:
$25.7 billion (f.o.b. 1993)
commodities:
crude oil, capital goods, chemical products, foodstuffs, coal
partners:
US 23.3%, EC 22.5%, Middle East 13.0%, Latin America 11.8%, Japan 6.5%
(1993)
External debt:
$119 billion (1993)
Industrial production:
growth rate 9.5% (1993); accounts for 39% of GDP
Electricity:
capacity:
63,765,000 kW
production:
242.184 billion kWh
consumption per capita:
1,531 kWh (1992)
Industries:
textiles and other consumer goods, shoes, chemicals, cement, lumber,
iron ore, steel, motor vehicles and auto parts, metalworking, capital
goods, tin
Agriculture:
accounts for 11% of GDP; world's largest producer and exporter of
coffee and orange juice concentrate and second-largest exporter of
soybeans; other products - rice, corn, sugarcane, cocoa, beef;
self-sufficient in food, except for wheat
Illicit drugs:
illicit producer of cannabis and coca, mostly for domestic
consumption; government has a modest eradication program to control
cannabis and coca cultivation; important transshipment country for
Bolivian and Colombian cocaine headed for the US and Europe
Economic aid:
recipient:
US commitments, including Ex-Im (FY70-89), $2.5 billion; Western
(non-US) countries, ODA and OOF bilateral commitments (1970-89), $10.2
million; OPEC bilateral aid (1979-89), $284 million; former Communist
countries (1970-89), $1.3 billion
Currency:
1 cruzeiro real (CR$) = 100 centavos
Exchange rates:
CR$ per US$1 - 390.845 (January 1994), 88.449 (1993), 4.513 (1992),
0.407 (1991), 0.068 (1990), 0.003 (1989)
note:
on 1 August 1993 the cruzeiro real, equal to 1,000 cruzeiros, was
introduced; another