The economy of Brazil is historically the largest in Latin America and the Southern Hemisphere in nominal terms. The Brazilian economy is the second largest in the Americas. It is an upper-middle income developing mixed economy. In 2024, according to International Monetary Fund (IMF), Brazil has the 8th largest gross domestic product (GDP) in the world and has the 8th largest purchasing power parity in the world. 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 International Monetary Fund (IMF), Brazilian nominal GDP was US$2.331 trillion, the country has a long history of being among the largest economies in the world and the GDP per capita was US$11,178 per inhabitant.
Rio de Janeiro, or simply Rio, is the capital of the state of Rio de Janeiro. It is the second-most-populous city in Brazil and the sixth-most-populous city in the Americas.
Rio de Janeiro is one of the 27 federative units of Brazil. It has the second largest economy of Brazil, with the largest being that of the state of São Paulo. The state, which has 8.2% of the Brazilian population, is responsible for 9.2% of the Brazilian GDP.
São Paulo is one of the 26 states of the Federative Republic of Brazil and is named after Saint Paul of Tarsus. It is located in the Southeast Region and is bordered by the states of Minas Gerais to the north and northeast, Paraná to the south, Rio de Janeiro to the east and Mato Grosso do Sul to the west, in addition to the Atlantic Ocean to the southeast. It is divided into 645 municipalities. The total area is 248,219.481 square kilometres km2, which is equivalent to 2.9% of Brazil's surface, being slightly larger than the United Kingdom. Its capital is the municipality of São Paulo.
Volta Redonda is the name of a municipality in the Rio de Janeiro state of Brazil with an area of 182.81 km2, located from 350m to 707m above the sea level and with a population of 273,988 inhabitants. The area around the city has nearly 700,000 km2. Its name is due to the round shape of a curve in the Paraíba do Sul river around which the city was built.
The economy of South America comprises approximately 434 million people living in the 12 sovereign states and three dependent territories of South America, which encompasses 6 percent of the world's population. South America ranks fifth in terms of nominal GDP by continent, behind North America and after Oceania.
Brazil is geopolitically divided into five regions, by the Brazilian Institute of Geography and Statistics, which are formed by the federative units of Brazil. Although officially recognized, the division is merely academic, considering geographic, social and economic factors, among others, and has no political effects other than orientating Federal-level government programs. Under the state level, they are further divided into intermediate regions and even further into immediate regions.
The Southeast Region of Brazil is composed of the states of Espírito Santo, Minas Gerais, Rio de Janeiro and São Paulo. It is the richest region of the country, responsible for approximately 60% of the Brazilian GDP, as São Paulo, Rio de Janeiro, and Minas Gerais are the three richest states of Brazil, the top three Brazilian states in terms of GDP. The Southeast of Brazil also has the highest GDP per capita among all Brazilian regions.
Science and technology in Brazil has entered the international arena in recent decades. The central agency for science and technology in Brazil is the Ministry of Science and Technology, which includes the CNPq and Finep. This ministry also has a direct supervision over the National Institute for Space Research, the National Institute of Amazonian Research, and the National Institute of Technology (Brazil). The ministry is also responsible for the Secretariat for Computer and Automation Policy, which is the successor of the SEI. The Ministry of Science and Technology, which the Sarney government created in March 1985, was headed initially by a person associated with the nationalist ideologies of the past. Although the new minister was able to raise the budget for the science and technology sector, he remained isolated within the government and had no influence on policy making for the economy.
Brazilian industry has its earliest origin in workshops dating from the beginning of the 19th century. Most of the country's industrial establishments appeared in the Brazilian southeast, and, according to the Commerce, Agriculture, Factories and Navigation Joint, 77 establishments registered between 1808 and 1840 were classified as "factories" or "manufacturers". However, most, about 56 establishments, would be considered workshops by today's standards, directed toward the production of soap and tallow candles, snuff, spinning and weaving, foods, melting of iron and metals, wool and silk, amongst others. They used both slaves and free laborers.
Greater Rio de Janeiro, officially the Rio de Janeiro Metropolitan Region is a large metropolitan area located in Rio de Janeiro state in Brazil, the second largest in Brazil and third largest in South America. It consists of 22 municipalities, including the state capital, Rio de Janeiro.
The Brazilian Miracle was a period of exceptional economic growth in Brazil during the rule of the Brazilian military dictatorship, achieved via a heterodox and developmentalist model. During this time the average annual GDP growth was close to 10%. The greatest economic growth was reached during the tenure of President Emílio Garrastazu Médici from 1969 to 1973.
The following outline is provided as an overview of and topical guide to Brazil:
São Paulo is one of the largest cities in the world economically, and is expected to be the 6th largest in 2025. According to data of Fecomercio/SP, its gross domestic product (GDP) in 2017 was R$699.28 billion.
The economy of Argentina is the second-largest national economy in South America, behind Brazil. Argentina is a developing country with a highly literate population, an export-oriented agricultural sector, and a diversified industrial base.
The economy of Central America is the eleventh-largest economy in Latin America, behind Brazil, Mexico, Argentina and Colombia. According to the World Bank, the nominal GDP of Central America reached 204 billion US dollar in 2010, as recovery from the crisis of 2009, where gross domestic product (GDP) suffered a decline to 3.8%. The major economic sectors are agriculture and tourism, although the industrial sector has shown strong growth, mainly in Panama.
Latin America as a region has multiple nation-states, with varying levels of economic complexity. The Latin American economy is an export-based economy consisting of individual countries in the geographical regions of North America, Central America, South America, and the Caribbean. The socioeconomic patterns of what is now called Latin America were set in the colonial era when the region was controlled by the Spanish and Portuguese empires. Up until independence in the early nineteenth century, colonial Latin American regional economies thrived and worked things out. Many parts of the region had favorable factor endowments of deposits of precious metals, mainly silver, or tropical climatic conditions and locations near coasts that allowed for the development of cane sugar plantations. In the nineteenth century following independence, many economies of Latin America declined. In the late nineteenth century, much of Latin America was integrated into the world economy as an exporter of commodities. Foreign capital investment, construction of infrastructure, such as railroads, growth in the labor sector with immigration from abroad, strengthening of institutions, and expansion of education aided industrial growth and economic expansion. A number of regions have thriving economies, but "poverty and inequality have been deeply rooted in Latin American societies since the early colonial era."
The economy of the state of São Paulo is developed and holds the highest GDP among Brazilian states, producing, in 2020, around 2.326 trillion Reais, and the second largest GDP per capita. Being the richest state and population of Brazil, is its main financial center and one of the main centers in the world. The third largest economy and the third largest consumer market in Latin America, occupies the 21st position in the ranking of the largest economies on the planet, ahead of countries such as Argentina, Belgium, Chile and Singapore. Thanks to its enormous economic strength, São Paulo is known as "the locomotive of Brazil".
