Top 10 Countries by GDP 2015

Posted in Top Brand Lists, Total Reads: 1712

7. Brazil

Brazil is the 7th largest economy in the world.


GDP of Brazil is $2.353 trillion.

Before Brazil became a Portuguese colony, it virtually lived in the Stone Age. The production of coffee, gold and sugar started on massive scale after the Portuguese colonisation. Currently, with a population of over 190 million and abundant natural resources, Brazil is amongst the top ten largest and most lucrative markets in the world. Its real GDP surpassed USA in 2008 due appreciation of the Brazilian real. The service sector contributes the largest component to the GDP at 67.0 percent, followed by the industrial sector at 27.5 percent. Agriculture contributes at 5.5 percent of GDP (2011). Brazilian labour force size is estimated to be 100.77 million of which 10 percent is occupied in agriculture, 19 percent in the industry sector and 71 percent in the service sector. Inflation stood at 8.1% in March 2015. 15.4% of the population of Brazil is below Poverty line and the unemployment rate is at 7.3%. Brazil ranks 130 on the ease of doing business index. The main industries of Brazil include textiles, chemicals, shoes, lumber, cement , iron, steel, tin, aircrafts, motorised vehicles, parts of other machinery and equipment. Brazil has the second biggest manufacturing sector in the Americas. Accounting for 28.5 percent of GDP, Brazil’s industries range from automobiles, steel and petrochemicals to computers, aircraft, and consumer durables. Fiscal sustainability and liberalization measures taken have significantly improved the Brazilian economy.