ECONOMY:
Brazil is the largest national economy in South America.Brazil is the world’s eighth largest economy (Brazil Gross Domestic Product is worth 1572 billion dollars or 2.54% of the world economy).
Brazil is one of the fastest growing emerging economies in the world, this fast grown is due to a free market economy with abundant natural resources, a large and growing agricultural, mining, manufacturing and service sectors.
On the 15 of April 2008 Brazil entered in a new era in its economic history with the announcement of the discovery of huge oil deposits in the Santos Basin. This additional natural resources would be around 33 billion barils18. In 2010, Petrobras19 announced a forthcoming share issue of about $ 50 billion in exchange for oil rights on what would be the largest oil reserves identified in the Americas since the 80s.
The interest rate in Brazil is 10.75 percent instead of more than 25 percent in 2003. However it is still high, for example the euro area interest rate is 1%. It could be a negative point in investment because it costs more to borrow.
In October 2010 the inflation rate in Brazil was last reported at 5,20%
Brazil Exports
Brazil has an export oriented economy, 18381 Million USD in October of 2010 (14% of its GDP) The main exports are iron ore, soybeans, footwear, coffee, autos, automotive parts, machinery.
Brazil Imports
Brazil has an imports were worth 16527 Million USD in October of 2010. Brazil imports machinery, electrical and transport equipment, chemical products, automotive part and electronics from European Union, United States, China and Argentina.

The unemployment rate in Brazil was last reported at 6.20 percent in September of 2010.

The Brazilian economy has been predicted to become one of the five largest in the world in the decades to come, the GDP per capita following and growing. * Economic factors. These include interest rates, taxation changes, economic growth, inflation and exchange rates. As