The Brazilian Foreign minister recognised that there are hardships in trade between Brazil and China due to the depreciation of the currency, which affects trade negotiations between both nations.
Author: Agência Brasil
According to the Brazilian minister of Finance Guido Mantega, the 2010 GDP places Brazil among the world’s five top-growing countries, after China, India, Argentina and Turkey.
The Brazilian per capita Gross Domestic Product, which indicates the average wealth generated by each person, reached 19,016 reals (US$ 11,448) last year, according to a survey conducted by the IBGE.
The City Hall expects 20% of these visitors, 6,000 people, to be foreigners. The event should lead to a US$ 32 million increase in revenues.
The Gross Domestic Product (GDP), the sum of all goods and services produced in the country, posted growth of 7.5 % in 2010 compared with the previous year. It is the highest rate since 1986.
The Gross Domestic Product of Brazil grew 7.5% in 2010, as against the previous year. This is the greatest expansion of the economy since 1986.
The figure was recorded from February 1st to 25th. According to the Central Bank, spot market dollar purchases have raised the Brazilian foreign exchange reserves by US$ 7.166 billion.
The Brazilian industry started the year with a 0.2% increase in production over December 2010, according to a survey by the Brazilian Institute of Geography and Statistics.
In February, exports totalled US$ 16.733 billion and imports, US$ 15.534 billion. In the same month of 2010, the trade balance surplus was US$ 389 million.
According to the World Travel Organisation, both countries are slowly recovering their capacity to receive tourists.
The public sector, including the federal, state and municipal governments, had a primary surplus of US$ 10.6 billion in January. In the same period last year, the surplus had been US$ 9.6 billion.
Protests in Libya caused fear on the financial market, causing appreciation of the barrel of oil. The Brent barrel reached its peak of US$ 119.79 on Thursday morning, in London.
The Central Bank posted profit of US$ 9.4 billion last year. The result is due to operations in reals, public papers, Treasury remuneration and compulsory deposits.
The state is changing its tax policy, starting on Thursday, to attract new industries to the interior of the state. The measure is part of the Paraná Competitivo programme.
