PETpla.net Insider 01+02 / 2014

EDITOUR REPORTS 11 PET planet insider Vol. 15 No. 01+02/14 www.petpla.net Generally, the Brazilian economy is still in good shape, but in the last two years growth has declined significantly, with the trade surplus falling. 2012 saw a pronounced decline in annual growth rate, down to around 1% (2011: 2.8%). In recent years Brazil has benefited greatly from the commodities boom, even in the agricultural sector. How- ever, commodity prices fell in 2012. In 2011, the agricul- tural sector posted record export figures of US$94.6bn, the main contributors being soy products, sugar and ethanol, followed by meat. Asia was the main export destination, taking some 30%, with the EU close behind. Unsurpris- ingly, the single most important country was China. Growth should receive a fillip from the 2014 World Cup and the 2016 Olympic Games. The major sporting events are already attracting significant investments of private and public money, and in Rio de Janeiro alone this is likely to amount to around 88bn R$ ( €35billion) by 2014. A more permanent boost to the economy will come from the vast reserves of oil and natural gas deposits discovered in 2008 off the south-eastern Atlantic coast. Macro-economic data (Source: Germany Trade & Invest, as at November 2013) 2010 2011 2012 2013 2014 Area 8 514.877km² Population 199.9 million* Population density 23.5 inhabit- ants/km²* Population growth 0.8%* Business language Portuguese Raw materials agrarian Coffee, soya beans, wheat, rice, maize, sugar cane, cocoa, citrus fruits, beef, timber mineral Bauxite, gold, iron ore, manganese, nickel, phosphate, platinum, tin, rare earth elements, uranium, crude oil Member of international regional economic organisations BRICS, IWF, Mercosur, UNASUR, WTO Currency Real (R$), 1 R$ = 100 Centavos (rate Sept. 2013) 1 Euro = 3.018 R$ ; 1 U$ = 1.955 R$ Gross Domestic Product (GDP, nom. ) Billion R$ 4.402,50 4782,6* 5,203.1* Billion US$ 2.253,10 2,190.2* 2,169.8* GDP per inhabitant (nominal) R$ 22,195* 23,927* 25,833* US$ 11,359* 10,958* 10,773* Economic growth Gross Domestic Product (change in % actual) 7,5 2,7 0,9 2.5* 2.5* Rate of inflation (%) 5,4 6.3* 5.8* Investments (nett, public and private, % of GDP) 17,6 19.2* 19.2* Average wage (gross, monthly salary, annual average, R$) 1.638 1.726 1.869 Annual New Borrowings (% of GDP) 3 3.0* 3.2* Unemployment Rate (%) 6,7 6 5,5 Foreign Trade (Billion US$) Imports 180.5 (41.5%) 22.2 (25.3%) 223.1 (-14%) Exports 197.4 (29.0%) 256.0 (29.7%) 242.6 (-5.2%) Balance 16,9 29,8 19,5 Trade ratio (Ex- + Imports/GDP in %) 17,6 19,5 20,7 Export quota (Exports/GDP in %) 9,2 10,3 10,8 Import Goods to SITC (% of total imports) 2012: Chemical products 18.7; Machinery 13.9; Crude oil 13.8; Motor vehicles and Parts 9.4; Electronics 6.8; Misc. 37.4 Export Goods to SITC (% of total exports) 2012: Raw materials 26.1; Foodstuffs 22.2; Crude oil 10.7; Machinery 6.5; Chemical products 6.1; Other 28,4 Main Importing Countries 2012: China (VR) 17.0%; USA 11.1%; Argentina 7.45; Netherlands 6.2%; Japan 3.3%; Germany 3.0%; India 2.3%; Other 49.7% (Source: German Foreign Office as at January 2013 ) *estimated