Economy of Brazil compared to only US$2 billion per year last decade, remarkable growth. The agricultural sector, locally called the "agronegócio" (agro-business), has also been remarkably dynamic: for two decades this sector has kept Brazil among the most highly productive countries in areas related to the rural sector. The agricultural sector and the mining sector also supported trade surpluses which allowed for massive currency gains (rebound) and external debt paydown. Due to a downturn in Western economies, Brazil found itself in 2010 trying to halt the appreciation of the real. Data from the Asian Development Bank and the Tax Justice Network show the
Basic income in Brazil program that would reserve 6% of its tax revenue to fund an unconditional dividend for all persons who have resided in the municipality for 5 years or more. , Santo Antônio do Pinhal was the only municipality in Brazil which had implemented a basic income program. Senator Eduardo Suplicy has praised the municipality for being a pioneer in implementing such a program at a municipal level in Brazil. In November 2013, the Apiaí municipality adopted a similar law to Santo Antônio do Pinhal's, with the difference that no portion of the municipality's tax revenue was directly allocated to the fund,