What Is Brazils Economy Like?
Brazil is economicaly one of the strongest Latin American countries, with its GDP outweighing that of any of the other Latin American nations. According to the World Bank and the International Monetary Fund, Brazil’s economy is the ninth largest in the world in terms of Purchasing Power Parity and eleventh largest going by market exchange rates. Brazil has been working on expanision of its presence in world markets considerably. The country is rich in agriculatural and mineral resources, and is also well developed in the manufacturing and service sectors, enabling exploitation of its vast resources. Brazil posesses a diversified middle income economy. There are significant variations in development levels, with most large industry being concentrated in the South and South-East. The North-East on the other hand is Brazil’s poorest region, but is beginning to generate interest and attract new investment. Brazil’s industrial sector is more advanced than any other Latin American nation.
