There is no denying how western, diverse, beautiful and wealthy Brazil is!
The second strongest democracy and economy in the Americas, only after US.
Thank God a free nation and a market oriented economy!
The second most industrialised in all the Americas. Many blessings!!!
And the second richest nation in natural resources in all the Americas, only after Canada and ahead of US.
There is a natural relationship between the economy and the world's natural resources—as the global economy grows, demand for commodities continues to rise.
Brazil has commodities worth $21.8 trillion including gold, iron, oil, and uranium. The mining industry focuses on bauxite, copper, gold, iron, and tin. Brazil has the largest gold and uranium deposits in the world and is the second-largest oil producer. However, timber is the country's most valuable natural resource, accounting for over 12.3% of the world's timber supplies
Fluctuations of US dollar doesn´t measure cost of living and often occur, especially this year due to the pandemics that is affecting the whole world.
In PPP ( Purchasing Power Parity) which adjusts for the cost of living in each nation, Brazil is the second in the Americas. In a world scale, Brazil is still the 8th largest, way ahead of Canada at the 15th position.
And by the way, Brazil still has the 10th largest reserves of US dollar, not canadian dollar, in the globe, while Canada is at the 27th position on that matter.
The same fluctuation of US dollar is happening in the whole world, giving Brazil´s reserves an even bigger value.
Also, Brazil is still the fifth largest foreign creditor of US, while Canada is the 16th.
- Purchasing power parity (PPP) exchange rates, which relate the exchange rate between currencies to consumer price levels.
Are you under the bad moon or trapped in a blur ?
Last edited by Johnny Harden; Dec 20, 2020 at 9:41 PM.
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