In the ranking of economies by Gross Domestic Product, Brazil occupies sixth place. The strengths are agricultural and livestock resources (coffee, cocoa, soy, corn, sugar cane, etc.). Furthermore, Brazil is one of the most important producers of steel and oil. Brazil is considered an emerging market; so much so that it is listed in the group of BRIC, the emerging economies.
Official Name: | República Federative do Brasil |
Form of government: | Federal presidential republic |
President: | Luiz Inácio Lula da Silva |
Currency: | Brazilian Real (BRL) |