Brazil’s economy is stronger than any other country in South America in terms of GDP, with the eighth largest economy in the world. However, Brazil’s economy has fluctuated up and down throughout the years. Also, Brazil is a country with many citizens living in poverty due to extreme economic inequality. Agriculture, mining, and manufacturing have always been strong industries, and the service sector has also gained increasing popularity over the years. During the late 20th century manufacturing was the largest segment of Brazil’s GDP though that has now changed. During that same time, there was incredibly high inflation which affects how many people can afford to buy a certain product which in turn is harmful to the economy. Tin, iron ore, bauxite, manganese, quartz, gold, and diamonds are all common minerals that Brazil produces a leading amount of. China, Argentina, and the U.S. are the biggest trading partners of Brazil for these imports and exports. The country has been forced to take major loans from investors outside of the country in the 20th century due to extreme economic issues. By the 2000s, Brazil’s economy was doing better than ever. This peaceful economic state didn’t last for long and during the mid-2000s the unemployment rate and inflation grew concerningly high. Currently, only 4.2% of the population lives in extreme poverty which is a sign of improvement from past years. The GDP per capita as of 2023 was $19,000 which is about 10,000 more per person than neighboring countries, Bolivia and Venezuela. Since then Brazil’s economy has been growing rapidly but as cities grow and Brazil gets more commercialized, the economy could and probably will change.