As an emerging market economy Brazil has a lower unemployment rate than the U.S. In May, the unemployment rate in Brazil stood at a seasonally adjusted rate of 5.4%. Unemployment has been trending downwards since the peak of over 13% in 2002 as shown in the chart below: Click to enlarge Source: Brazil’s Economic Chart Pack, …
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The U.S. Federal government runs large deficits year after year. This is because total government expenditures far exceed total revenues. For example, under the Obama administration the Federal deficit was $1,293 billion and $1,300 billion for the fiscal years 2010 and 2011 respectively. For the fiscal year 2012 it is projected to reach $1,327 billion. Federal government expenditures rose …
The current U.S. corporate tax rate at approximately 40% is among the highest in the world. This figure includes the marginal federal corporate income tax rate of 35% and state and local taxes according to KPMG. As many U.S. companies are multinationals with strong presence in overseas markets, some of them earn more profits abroad than in the …
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The graph below shows the external debt of the G7 countries: Click to enlarge Source: Finance and Development, June 2012, IMF From the G7 Borrowing from Abroad article in the IMF magazine: The United States has the most external debt of the world’s richest countries (the Group of Seven major industrial countries, or G7), but as a …
The insurance industry in the U.S. is dividend into Property & Casualty (P&C) and Life/Health Insurance companies. In other countries, the industry is split into life and non-life or general insurance companies.The insurance industry employs over 2.2 million or about 2% of the total U.S. workforce in the private sector .There were about 2,689 P&C companies and 1,061 Life&Health companies in 2010 …
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