OECD's 2013 economic review of Brazil examines recent economic developments, policies and prospects. This edition's special chapters cover productivity and competitiveness of Brazilian firms and income distribution and the new middle class.
Table of contents; Basic statistics of Brazil (2012 unless noted); Executive summary; Assessment and recommendations; Towards more inclusive and sustainable growth; Figure 1. Brazil's growth in international comparison; An expansion is underway but supply constraints are beginning to bite; Table 1. Brazil: Macroeconomic indicators; Figure 2. Inflation, inflation expectations, unit labour costs and the unemployment rate; Table 2. Basic economic indicators; Figure 3. Monetary policy decisions, inflation expectations and output; Figure 4. Banking and credit developments
Figure 5. Primary balance and overall balanceFigure 6. International reserves and external debt; Sustaining inclusive growth; Consolidating confidence in the effectiveness of the macroeconomic policy framework; Figure 7. General government gross debt, net debt and assets with BNDES; Figure 8. Old-age dependency ratios; Figure 9. Net replacement rates of pension benefits for average earners; Figure 10. Minimum wage and pension disbursements; Box 1. Summary of policy recommendations for macroeconomic policies; Boosting productivity growth and the competitiveness of firms
Figure 11. Investment and saving rates in selected regionsFigure 12. Wages and productivity in the industrial sector and relative unit labour costs; Figure 13. Annual disbursements by BNDES; Figure 14. Trade openness and economic size in international comparison; Figure 15. Tariff protection levels; Box 2. Main policy recommendations for enhancing productivity and cost competitiveness; Improving the use of environmental resources; Figure 16. Adjusted net savings; Figure 17. Brazil's energy mix; Figure 18. Forest depletion has slowed
Box 3. Main policy recommendations for a responsible use of resourcesMaintaining the momentum of reducing inequality and poverty; Figure 19. Income inequality in international comparison; Figure 20. Poverty in international comparison; Figure 21. Poverty and inequality over time; Box 4. Main policy recommendations for improving income distribution and reducing poverty; Bibliography; Annex A1. Progress in main structural reforms; Chapter 1. Increasing the pie: Productivity and competitiveness of Brazilian firms; Figure 1.1. Labour productivity and export performance
More growth will have to come from productivity improvementsFigure 1.2. Investment rates in international comparison; Figure 1.3. Average annual TFP growth 2000-10 in international comparison; Productivity growth has been uneven across sectors and external competitiveness has declined; Figure 1.4. Average annual labour productivity growth by broad sector; Figure 1.5. Unit labour costs in relative terms and the nominal exchange rate; Structural reforms can improve productivity performance; Figure 1.6. The link between productivity and employment growth across firms within industries
Improving infrastructure and reducing transport costs
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