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Economy of Brazil

Brazil or Federal Republic of Brazil, is by far the biggest nation in both South America and Latin America zone. It lies at fifth spot in the list of biggest countries of the world. Brazil is known for well-established and sound agricultural, manufacturing and service sectors. With its resilient economic condition, Brazil is growing its presence in the global markets. Brasília is the capital of Brazil and São Paulo is the largest city of country. The estimated GDP of Brazil in terms of purchasing power parity was $2.422 trillion in the year 2013, which is the 8th largest in the world.

Brazil has a calendar year system for their annual fiscal plans. The track record of high interest rates of country has made it a preferable destination for foreign investors. Brazil is a kind of country where one can find boundless business opportunities, thanks to the stable economic conditions that are outcome of professionally planned economic strategies and programs. Textiles, shoes, chemicals, metals, automobile, auto parts and machinery equipment are considered as the main industries of Brazil.

Imports of Brazil

To cope with the distinct needs of its country men, Brazil imports decent amount of merchandise, such as electrical and transport equipment, chemical items, oil, auto parts, electronics, steel and raw cotton. The estimated imports of Brazil were $241.4 billion as per the stats collected in the year 2013. Some of the major exporter partners of Brazil include China, United States of United States, Argentina, Germany and South Korea.

Exports of Brazil

The estimated exports of Brazil were $244.8 billion as per the stats of 2013, which is the 24th largest in the world. The commodities that are being exported to the different nations include transport equipment, iron ore, soybeans, footwear, coffee, autos, animal foodstuffs, chemicals, cocoa and oranges. The major export partners of Brazil are China, United States, Argentina and Netherlands.

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Capital
Brasília
Dialing Code
+55
Fiscal Year
Calendar Year
Currency
Real (BRL)
GDP
$1,993,000,000,000
Exports
$250.8 billion (2011 est.) | Transport Equipment, Iron Ore, Soybeans, Footwear, Coffee, Autos
Imports
$219.6 billion (2011 est.) | Machinery, Electrical And Transport Equipment, Chemical Products, Oil, Automotive Parts, Electronics
Industries
Textiles, Shoes, Chemicals, Cement, Lumber, Iron Ore, Tin, Steel, Aircraft, Motor Vehicles And Parts, Other Machinery And Equipment