Economy & business

Consistent and sustainable growth

The development model adopted by the Brazilian in the last years was to invest in public policies that increased productive efficiency, diminished external vulnerability and stimulated the investment rate and savings as a fraction of GDP. By the end of 2010 the result of this policy was a consistent and stable economy. The adopted measures allowed for constant, sustainable growth with generation of formal employment, better income distribution and capacity to absorb external and internal shocks.

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• Brazilian industrial production has grown 10.5% in the comparison between 2010 and 2009

GDP in 2010
R$ 937.2 billion in the third quarter of 2010

Industrial GDP in 2010
R$ 206 billion in the second quarter of 2010 

Retail Sales in 2010
10.9% growth

Industrial Production in 2010
10.5% growth in comparison to 2009 (Source: IBGE)

Civil Construction in 2010
Sinapi (National Index of Civil Construction), calculated by IBGE in a partnership with Caixa Econômica Federal, closed with a rise of 7.36% compared to the previous year.
Source: IBGE(content in portuguese)

Annual Final Domestic Consumption
CI (Import Coefficient) of Brazilian industry in 2010 was 21.8%, the highest level since 2003, representing total imports in relation to national industry’s apparent consumption. 

Brazilian industry’s CE (Export Coefficient), which corresponds to total exports regarding national production, reached 18.9% last year.
Source: Fiesp (content in portuguese)

Employment in 2010
2.52 million formal jobs, a record according to Caged’s historical series, which began in 1992.
Source: Caged(content in portuguese)

Industrial Employment in 2010
3.4% growth in comparison to 2009

Exports
US$ 197.999 billion 
Source: Ministry of Development, Industry and Foreign Trade(content in portuguese)

Imports
US$ 179.139 billion 
Source: Ministry of Development, Industry and Foreign Trade(content in portuguese)

Interest Trade (Selic) in 2010
10.75% per year 
Source: Banco Central(content in portuguese)

Official Inflation (IPCA - Índice Nacional de Preços ao Consumidor Amplo – National Price to the Consumer Index) in 2010
5.91% 
Source: IBGE (content in portuguese) 

IGP-M (Índice Geral de Preços do Mercado – General Market Prices Index) in 2010
11.32% 
Source: FGV(content in portuguese)

International Reserve in 2010
US$ 288.6 billion
Source: Banco Central (content in portuguese) 

Balance of Trade in 2010
Surplus of US$ 20.3 billion 
Source: Banco Central (content in portuguese) 

Dollar in 2010
R$ 1.66 with a devaluation of 4.42% 
Source: Banco Central (content in portuguese)

Minimum wage in 2010
R$ 510.00

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