|GDP (2012 est.)||$2.33 trillion (2012 est.)|
|Currency & Exchange Rate||reals (BRL) per US dollar 1.95|
Residential taxation: foreigners taxed on local income; residents taxed on local and overseas income.
If they reside there; if they enter under a permanent visa; if they enter under a temporary visa to work; if they enter under a temporary visa and remain more than 184 days per year.
No tax is levied on monthly income up to BRL 1'637.11
Non residents are taxed at a flat rate of 25% on earned income or 15% on other income except dividends paid from a Brazilian entity, which are tax exempt.
Companies deduct social security and pay it to National Institute of Social Security (INSS).
|Crude oil - production(bbl/day)||2,652,000|
|Crude oil - exports(bbl/day)||619,100|
|Crude oil - imports(bbl/day)||343,600|
|Crude oil - proved reserves(bbl)||13,150,000,000|
|Refined petroleum products - production(bbl/day)||2,108,000|
|Refined petroleum products - consumption(bbl/day)||2,594,000|
|Natural gas - production(cu m)||17,030,000,000|
|Natural gas - proved reserves(cu m)||395,500,000,000|
Mostly tropical, but temperate in south.
Eastern South America, bordering the Atlantic Ocean.
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