Economy of Brazil

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Brazil has a diversified mixed economy. It is the largest in Latin America, the Southern Hemisphere and the second in Americas, in nominal terms. As of 2026, it is an upper-middle income and developing economy with the second largest GDP in the Americas in nominal and purchasing power parity terms. It is ranked as the tenth largest economy in the world in nominal terms, and the 8th largest in PPP terms. In 2024, according to Forbes, Brazil was the 7th largest country in the world by number of billionaires. Brazil is one of the ten chief industrial states in the world according to International Labour Organization. According to the International Monetary Fund (IMF), Brazil's nominal GDP was US$2.642 trillion; the country has a long history of being among the largest economies in the world and the GDP per capita was US$12,313 per capita. The country is rich in natural resources. From 2000 to 2012, Brazil was one of the fastest-growing major economies in the world, with an average annual GDP...

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