Brazil

The Brazilian economy increased its growth rate during 2006 and the first few months of 2007. Although the country is growing more slowly than the average for the region and other emerging economies, its economy has nonetheless expanded for 15 consecutive quarters. GDP rose by 3.7% in 2006, with an increase of around 4.5% expected in 2007. In 2006, cumulative inflation fell to 3.1%, while external indicators also showed favourable results. The value of merchandise exports climbed by 16% and merchandise imports by 24%, which resulted in a wide trade surplus (US$ 46.0 billion). International reserves stood at US$ 143.0 billion in June 2007, which is the equivalent of 81% of total external debt (US$ 176.0 billion in March 2007). Real wages increased for the second year in a row in 2006 (4.0%), while the fiscal balance posted a primary surplus for the seventh year running (3.9% of GDP in 2006). Net public debt shrank to 45% of GDP.

Sustainable Development Goals:

Decent Work and Economic Growth

Industry, Innovation and Infrastructure

Peace, Justice and Strong Institutions