Country name conventional long form: Federative Republic of Brazil conventional short form: Brazil local short form: Brasil local long form: Republica Federativa do Brasil Background Following three centuries under the rule of Portugal, Brazil became an independent nation in 1822. By far the largest and most populous country in South America, Brazil has overcome more than half a century of military intervention in the governance of the country to pursue industrial and agricultural growth and development of the interior. Exploiting vast natural resources and a large labor pool, Brazil is today South America"s leading economic power and a regional leader. Highly unequal income distribution remains a pressing problem.Location Eastern South America, bordering the Atlantic Ocean Area total: 8,511,965 sq km land: 8,456,510 sq km note: includes Arquipelago de Fernando de Noronha, Atol das Rocas, Ilha da Trindade, Ilhas Martin Vaz, and Penedos de Sao Pedro e Sao Paulo water: 55,455 sq km Area - comparative slightly smaller than the US Coastline 7,491 km Climate mostly tropical, but temperate in south Terrain mostly flat to rolling lowlands in north; some plains, hills, mountains, and narrow coastal belt Elevation extremes lowest point: Atlantic Ocean 0 m highest point: Pico da Neblina 3,014 m Natural hazards recurring droughts in northeast; floods and occasional frost in south Environment - current issues deforestation in Amazon Basin destroys the habitat and endangers a multitude of plant and animal species indigenous to the area; there is a lucrative illegal wildlife trade; air and water pollution in Rio de Janeiro, Sao Paulo, and several other large cities; land degradation and water pollution caused by improper mining activities; wetland degradation; severe oil spills Geography - note largest country in South America; shares common boundaries with every South American country except Chile and Ecuador Population 182,032,604 note: Brazil took a count in August 2000, which reported a population of 169,799,170; that figure was about 3.3% lower than projections by the US Census Bureau, and is close to the implied underenumeration of 4.6% for the 1991 census; estimates for this country explicitly take into account the effects of excess mortality due to AIDS; this can result in lower life expectancy, higher infant mortality and death rates, lower population and growth rates, and changes in the distribution of population by age and sex than would otherwise be expected (July 2003 est.) Age structure 0-14 years: 27.1% (male 25,151,855; female 24,196,506) 15-64 years: 67.2% (male 60,667,014; female 61,683,580) 65 years and over: 5.7% (male 4,232,784; female 6,100,865) (2003 est.) Median age total: 27 years male: 26.2 years female: 27.7 years (2002) Sex ratio at birth: 1.05 male(s)/female under 15 years: 1.04 male(s)/female 15-64 years: 0.98 male(s)/female 65 years and over: 0.69 male(s)/female total population: 0.98 male(s)/female (2003 est.) Nationality noun: Brazilian(s) adjective: Brazilian Ethnic groups white (includes Portuguese, German, Italian, Spanish, Polish) 55%, mixed white and black 38%, black 6%, other (includes Japanese, Arab, Amerindian) 1% Religions Roman Catholic (nominal) 80% Languages Portuguese (official), Spanish, English, French Internet country code .br Literacy definition: age 15 and over can read and write total population: 86.4% male: 86.1% female: 86.6% (2003 est.) Government type federative republic National holiday Independence Day, 7 September (1822) Legal system based on Roman codes; has not accepted compulsory ICJ jurisdiction International organization participation AfDB, BIS, ECLAC, FAO, G-15, G-19, G-24, G-77, IADB, IAEA, IBRD, ICAO, ICC, ICCt, ICFTU, ICRM, IDA, IFAD, IFC, IFRCS, IHO, ILO, IMF, IMO, Interpol, IOC, IOM (observer), ISO, ITU, LAES, LAIA, Mercosur, NAM (observer), NSG, OAS, OPANAL, OPCW, PCA, RG, UN, UNCTAD, UNESCO, UNHCR, UNIDO, UNITAR, UNMISET, UNMOP, UNMOVIC, UNU, UPU, WCL, WCO, WFTU, WHO, WIPO, WMO, WToO, WTrO Economy - overview Possessing large and well-developed agricultural, mining, manufacturing, and service sectors, Brazil"s economy outweighs that of all other South American countries and is expanding its presence in world markets. The maintenance of large current account deficits via capital account surpluses became problematic as investors became more risk averse to emerging markets as a consequence of the Asian financial crisis in 1997 and the Russian bond default in August 1998. After crafting a fiscal adjustment program and pledging progress on structural reform, Brazil received a $41.5 billion IMF-led international support program in November 1998. In January 1999, the Brazilian Central Bank announced that the real would no longer be pegged to the US dollar. The consequent devaluation helped moderate the downturn in economic growth in 1999, and the country posted moderate GDP growth in 2000. Economic growth slowed considerably in 2001-03 - to less than 2% - because of a slowdown in major markets and the hiking of interest rates by the Central Bank to combat inflationary pressures. New president DA SILVA, who took office 1 January 2003, has given priority to reforming the complex tax code, trimming the overblown civil service pension system, and continuing the fight against inflation. Exports - partners US 23.8%, Argentina 8.5%, Germany 5%, China 4.3%, Netherlands 4.2% (2002) Currency real (BRL) Currency code BRL Exchange rates reals per US dollar - 2.92 (2002), 2.36 (2001), 1.83 (2000), 1.81 (1999), 1.16 (1998) note: from October 1994 through 14 January 1999, the official rate was determined by a managed float; since 15 January 1999, the official rate floats independently with respect to the US dollar Airports 3,590 (2002) Airports - with paved runways total: 665 over 3,047 m: 7 2,438 to 3,047 m: 23 1,524 to 2,437 m: 155 914 to 1,523 m: 435 under 914 m: 45 (2002) Airports - with unpaved runways total: 2,925 1,524 to 2,437 m: 70 914 to 1,523 m: 1,384 under 914 m: 1,471 (2002) Disputes - international unruly region at convergence of Argentina-Brazil-Paraguay borders is locus of money laundering, smuggling, arms and drug trafficking, and harbors Islamist militants; uncontested dispute with Uruguay over certain islands in the Quarai/Cuareim and Invernada boundary streams and the resulting tripoint with Argentina |