Brazil
Brazil, the largest country in South America by both size and population, is also the richest country in the continent in terms of GDP (PPP) at $3,081billion USD. The country is the fourth richest nation in South America by GDP per capita at $15,211 USD. Brazil has a long coastline along the Atlantic Ocean and is bounded by most of the South American countries with the exception of Chile and Ecuador.
The economy of Brazil is the 8th largest in the world by GDP (PPP) and can be described as an inward-oriented economy. The country’s economy suffered a major setback in 2013 and entered a recession the next year. It is currently recovering from the recession. The service sector contributes 67.0% of the GDP and the industrial sector accounts for 27.5%. Agriculture accounts for a mere 5.5% of the country’s GDP.
Brazil is found in...
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