Brazil

textiles, shoes, chemicals, cement, lumber, iron ore, tin, steel, aircraft, motor vehicles and parts, other machinery and equipment

106.79 million (2024 est.)

note: number of people ages 15 or older who are employed or seeking work

upper-middle-income, largest Latin American economy; Mercosur, BRICS, G20 member and OECD accession candidate; growth driven by strong domestic consumption; monetary tightening helping curb inflation rate; high inequality in income and access to health and education

China 30%, USA 10%, Argentina 5%, Netherlands 3%, Chile 2% (2023)

note: top five export partners based on percentage share of exports

China 23%, USA 16%, Germany 5%, Argentina 5%, Russia 4% (2023)

note: top five import partners based on percentage share of imports

sugarcane, soybeans, maize, milk, cassava, oranges, chicken, beef, rice, wheat (2023)

note: top ten agricultural products based on tonnage

soybeans, crude petroleum, iron ore, raw sugar, corn (2023)

note: top five export commodities based on value in dollars

refined petroleum, fertilizers, crude petroleum, vehicle parts/accessories, gas turbines (2023)

note: top five import commodities based on value in dollars

14% (of GDP) (2023 est.)

note: central government tax revenue as a % of GDP

$2.179 trillion (2024 est.)

note: data in current dollars at official exchange rate

4.2% (2016 est.)

note: approximately 4% of the population are below the "extreme" poverty line

3.3% (2024 est.)

note: annual % change in industrial value added based on constant local currency