the mineral industry of brazil 2000 4 1 by alfredo c gurmendi which had largest economy in latin america and was eighth worldwide with a population more than 174 million inhabitants gross domestic product gdp 596 billion or 13 trillion terms purchasing power parity s growth rate 46 compared 0 82 1999 foreign exchange reserves decreased to about 33 from 36 3 peak level 51 1997 total debt burden amounted 232 trade deficit substantially 700 6 1998 exports were valued at 55 imports 8 continued recover inflation remaining single digits lower 9 currency real no longer pegged us dollar but devaluation helped moderate downturn economic that started second half departamento nacional de