Economy of Brazil

By: Noor Taye

Economy

Brazil has the seventh largest economy by nominal GPD in the world, and seventh largest purchasing power parity. The Brazilian economy is characterized by moderately by free markets.

Brazil's GDP

Economic History of Brazil

The economic history of Brazil covers numerous events and traces the changes in the Brazilian economy over the course of Their history. Portugal, which was first colonized by the area in the 16th century, enforced a colonial pact with Brazil, an imperial mercantile policy, which developed for the subsequent for three centuries.

Facts About Brazil's Economy

Largest economy in Latin America, contributing 38.5% to the region's GDP
Thier economy is almost twice as large as the region next largest economy, Mexico
Consumer market worth (U.S) $1.3 trillion in 2012
6th largest population in the world
6th largest workforce in the world - 106 million people in 2013

Brazil's Industry

Brazil has the second biggest industrial sector in the Americas. According for 28.5% of GPD, Brazil's diverse industries range from automobiles, steel, and petrochemical to computers, aircraft, and consumer durables. Brazilians have multinational businesses invested heavily in the new equipment and technology, a large portion which has been purchased from the U.S. firms.

Conclusion

As you have read, Brazil's industry has a lot of contradictory to take care of. Brazil is a beautiful country and it's known for its tropical weather and positive vibes. However, its economy is very well balanced and well known all around the world.

Sources:

http://en.wikipedia.org/wiki/Economy_of_Brazil

http://en.wikipedia.org/wiki/Economic_history_of_Brazil

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