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Home >> World Country >> Brazil

Brazil

 



Brazil is a Lower Middle Income economies coming under the Latin America and Caribbean Region as to the classification made by the World Bank on the basis of Income and region for the year 2006.

The development activities undertaken by the Brazilian Economy has made it one among the ten largest economies over the world. The more concerned inflationary pressure on the economic activities has come under control in the recent years.

The services sector contributes a lot to country's economy followed by industrial sector. Major agricultural products in the country are coffee, soybeans, rice, sugarcane, and cocoa. Important industries are textiles, chemicals, iron ore, steel and motor vehicles.

Exports sector in the country has also relative importance. Major exportable items of the country are iron ore, cocoa beans, maize, sisal and tobacco. The country has huge deposits of minerals, iron, phosphates, manganese, uranium, copper, coal platinum and gold.


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