What type of economy does Brazil have??
Brazil’s GDP (PPP and Nominal) is the highest of Latin America with large and developed agricultural, mining, manufacturing, and service sectors, as well as a large labor pool. The country has been expanding its presence in international financial and commodities markets, and is regarded as one of the group of four emerging economies called BRIC. Major export products include aircraft, coffee, automobiles, soybean, iron ore, orange juice, steel, ethanol, textiles, footwear, corned beef and electrical equipment. According to the International Monetary Fund and the World Bank, Brazil has the ninth largest economy in the world by purchasing power parity (PPP) and tenth largest at market exchange rates. Brazil has a diversified middle income economy with wide variations in development levels. Most large industry is agglomerated in the Southern and South East states. The Northeast is the poorest region of Brazil, but it has attracted new investments in infrastructure for the tourism sector
The report says that, in 2001, the Brazilian Gross Domestic Product (GDP) reached approximately R$ 1,184 billion, equivalent to US$ 503 billion (NOT adjusted by Purchasing Power Parity); by economic sector, Brazilian economy was so distributed: 7.5% Primary Sector (agriculture and cattle raising), 35.8% Industry and 56.7% Services. The Brazilian economically active population was estimated at 76 million people. GDP per capita, averaged over the entire country, was R$ 5,648; however, big differences are observed between the rich Southeast (R% 7,706) and the poor Northeast (R$ 2,603).
