8th largest economy by nominal GDP and 9th largest by purchasing power parity, Brazil is expected to enter thetop 5 before the end of the decade.
The country is nowadays one of the fastest-growing economies in the world with an average annual GDP growthrate of 5%.
Two weeks ago were held presidential elections. As a result , Luiz Inacio Lula de Silva’s heir was elected in the first round. Verypopular in the country, the president is known as the most influential person in the world according to the Time magazine. His main political aimis to lower the social inegalities within the country and diminish the role of exportation in the economy by developping a greater inner market.Brazil exports mainly transport equipments , metal goods and primary products such as soybeans and sugar. The country is clairlydominating the market of sugar and is currently the world’s largest producer and exporter of sugar cane, and is one of the world’s largest consumersof sugar cane (fifth in the world). The growing place taken by sugar in agriculture led the country to use it as a fuel for traditional cars.