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Brazil holidays

Information about Brazil

Following more than three centuries under Portuguese rule, Brazil gained its independence in 1822, maintaining a monarchical system of government until the abolition of slavery in 1888 and the subsequent proclamation of a republic by the military in 1889. Brazilian coffee exporters politically dominated the country until populist leader Getulio VARGAS rose to power in 1930. By far the largest and most populous country in South America, Brazil underwent more than a half century of populist and military government until 1985, when the military regime peacefully ceded power to civilian rulers. Brazil continues to pursue industrial and agricultural growth and development of its interior. Exploiting vast natural resources and a large labor pool, it is today South America's leading economic power and a regional leader, one of the first in the area to begin an economic recovery. High income inequality and crime remain pressing problems, as well as recent years' slow down in economic growth.

Brazil's economy

Characterized by large and well-developed agricultural, mining, manufacturing, and service sectors, and a rapidly expanding middle class, Brazil's economy outweighs that of all other South American countries, and Brazil is expanding its presence in world markets. Since 2003, Brazil has steadily improved its macroeconomic stability, building up foreign reserves, and reducing its debt profile by shifting its debt burden toward real denominated and domestically held instruments. In 2008, Brazil became a net external creditor and two ratings agencies awarded investment grade status to its debt. After strong growth in 2007 and 2008, the onset of the global financial crisis hit Brazil in 2008. Brazil experienced two quarters of recession, as global demand for Brazil's commodity-based exports dwindled and external credit dried up. However, Brazil was one of the first emerging markets to begin a recovery. In 2010, consumer and investor confidence revived and GDP growth reached 7.5%, the highest growth rate in the past 25 years. Rising inflation led the authorities to take measures to cool the economy; these actions and the deteriorating international economic situation slowed growth in 2011-13. Unemployment is at historic lows and Brazil's traditionally high level of income inequality has declined for each of the last 14 years. Brazil's historically high interest rates have made it an attractive destination for foreign investors. Large capital inflows over the past several years have contributed to the appreciation of the currency, hurting the competitiveness of Brazilian manufacturing and leading the government to intervene in foreign exchange markets and raise taxes on some foreign capital inflows. President Dilma ROUSSEFF has retained the previous administration's commitment to inflation targeting by the central bank, a floating exchange rate, and fiscal restraint.

Issues in Brazil

uncontested boundary dispute between Brazil and Uruguay over Braziliera/Brasiliera Island in the Quarai/Cuareim River leaves the tripoint with Argentina in question; smuggling of firearms and narcotics continues to be an issue along the Uruguay-Brazil border; Colombian-organized illegal narcotics and paramilitary activities penetrate Brazil's border region with Venezuela Illicit drugs: second-largest consumer of cocaine in the world; illicit producer of cannabis; trace amounts of coca cultivation in the Amazon region, used for domestic consumption; government has a large-scale eradication program to control cannabis; important transshipment country for Bolivian, Colombian, and Peruvian cocaine headed for Europe; also used by traffickers as a way station for narcotics air transshipments between Peru and Colombia; upsurge in drug-related violence and weapons smuggling; important market for Colombian, Bolivian, and Peruvian cocaine; illicit narcotics proceeds are often laundered through the financial system; significant illicit financial activity in the Tri-Border Area (2008)

Prices in Brazil (1 BRL = 0.32 USD)
Meal in inexpensive restaurant16.38 BRL
3-course meal in restaurant (for 2)88.08 BRL
McDonalds meal22.16 BRL
Local beer (0.5 draft)5.55 BRL
Foreign beer (0.33 bottle) 8.91 BRL
Cappuccino5.12 BRL
Pepsi/Coke (0.33 bottle)3.73 BRL
Water (0.33 bottle)2.48 BRL
Milk (1l)2.97 BRL
Fresh bread (500g)4.11 BRL
White Rice (1kg)2.98 BRL
Eggs (12) 4.77 BRL
Local Cheese (1kg) 18.51 BRL
Chicken Breast (1kg) 11.86 BRL
Apples (1kg) 5.01 BRL
Oranges (1kg) 3.27 BRL
Tomato (1kg) 5.18 BRL
Potato (1kg) 3.02 BRL
Lettuce (1 head) 2.11 BRL
Water (1.5l)2.69 BRL
Bottle of Wine (Mid-Range) 27.7 BRL
Domestic Beer (0.5 bottle)4.07 BRL
Foreign beer (0.33 bottle) 7.2 BRL
Cigarettes6.88 BRL
One way local bus ticket2.79 BRL
Monthly pass for bus154.56 BRL
Taxi start4.05 BRL
Taxi 1km2.76 BRL
Taxi 1hour waiting24.54 BRL
Gasoline (1 liter) 2.71 BRL
Utilities for a "normal" apartment188.99 BRL
Tennis Court Rent (1 Hour on Weekend) 64.4 BRL
Apartment (1 bedroom) Outside of Centre 908.3 BRL

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