Brazil is the fifth largest country in the world. Under the military government (1964-1985), Brazil also accumulated the largest foreign debt in the world--US $121 billion. A constitutional process began in 1986, culminating in a new Constitution in 1988. Fernando Collor de Mello was elected President in 1990, the first directly-elected president since 1960.
Economy: Gross National Product per capita is $2,540 (to compare, GNP per capita in the US is $20,910). High inflation, with almost half the population living below the poverty line.