10 BRAZILIAN ECONOMIC ACTIVITIES - CULTURE VOCABULARY - 2024

Some of Brazil's economic activities are oil, tourism, agriculture, mining, and the arms industry. Economic activities are all actions carried out in a society, region or country with the objective of producing goods or offering services necessary for their livelihood and generating wealth.

Each country, according to its geographical situation, climate and social characteristics, develops different economic activities. Although most of the nations of the world are inserted in a capitalist economic model, their economic activities vary not only between one country and another, but also between the various regions of the same country, and also change according to the historical moment in which they are called. cross.

Brazilian oil company

Wars, regional economic crises, natural disasters, good or bad governments and technological advances are some of the factors that affect the emergence or decline of certain economic activities in a given country.

Main economic activities of Brazil

Brazil is an emerging economy that in the last two decades has jumped to the world stage thanks to its policies of economic openness and exports. It is the largest economy in Latin America, according to analyzes carried out in 2008 by the International Monetary Fund and the World Bank.

Brazil is destined to become one of the five largest economic powers in the world in the coming decades along with China, the United States, Mexico and India.

However, Brazil is still a Latin American country and therefore suffers from all the diseases of the region, among which we can name an unstable political structure, heavy doses of corruption and patronage that make its economy already shaky. sometimes it gets a bit erratic.

Even so, Brazil is part of the BRICS, a bloc of emerging economies including Russia, India, China and South Africa.

The term was coined by the initials of each of the countries that comprised it, after a financial analysis published in 2001 by Jim O'Neil, of the investment bank Goldman Sachs.

At that time the group was called BRIC, as South Africa joined this group ten years later, adding the "S" to the term.

By the mere fact of belonging to this group it is known (because it was part of the reason for grouping them together) that Brazil has a high share in world growth and has large mineral reserves, production of scientific articles and concentrates together with its colleagues from This group accounts for 27% of world GDP, more than 12% of exports and important international reserves (350 billion dollars).

- Primary activities

They occupy 20% of the economically active population, but it represents a very low percentage of its GDP (5.5%).

1- Agriculture

Brazil is the world's leading producer of coffee, with an annual production of around 43 million bags. It is the world's leading producer of sugar cane, although most of it is used in the manufacture of the ethanol necessary for local gasoline.

It is also an important producer of soybeans with 74 million tons per year and of citrus with 18% of the world total.

Finally, it produces significant quantities of rice, wheat and cocoa and is a relevant exporter of wood and pulp for paper, due to the high quality of its forests.

2- Livestock

Brazil is the second largest meat producer after the United States, generating an annual total of around 10 million tons. It mainly raises cattle, but also pigs and sheep on a smaller scale.

3- Mining

The extensive virgin territory of Brazil is home to numerous minerals such as iron, coal, gold, manganese and precious stones. It also exports tin, tantalum and lithium.

4- Oil and hydroelectric energy

Regarding oil, Brazil has the 20th company in the world to produce this hydrocarbon (Petrobras).

It produces almost all of the oil it consumes (80%) and supplies 69% of the energy, thanks to its hydroelectric plants.

- Secondary activities

They are the most active and important in the country; Brazil has a very advanced and diversified industry.

5- Export-quality automobiles and airplanes

7- Chemical industry: focused on the refining of oil and rubber derivatives.

Secondary activities contribute 28% of the Brazilian GDP and employ 14% of the active population.

- Tertiary activities

They are the most active and those that contribute the most to GDP with 66.5%.

8- Banking

It has major banks worldwide.

9- Tourism

It receives more than five million tourists a year, which makes it the fifth most visited place on the continent after the United States, Mexico, Canada and Argentina. These positions vary by year, but remain in the top 5.

- Quaternary activities

With the imminent arrival of technology in the second half of the twentieth century and understood as a fundamental piece of human development in the twenty-first century, a new component arises that some place as advanced tertiary or “quaternary” activity, which includes all the technological and scientific activities.

Brazil has an outstanding economic participation in what refers to the manufacture of:

10- Televisions, cell phones and personal computers

The great debt of Brazil is that, despite being considered one of the largest economies in the world and it is estimated that it will grow even more, until it becomes one of the first five in the world, it is still one of the largest countries unequal of the planet, with a very unequal distribution of its wealth.

Primary, secondary and tertiary economic activities

Primary economic activity is understood to be all that which uses natural resources. The main and most common are agriculture and livestock, fishing, mining and forestry; Wind, hydroelectric or solar power generation can also be included in this group.

Secondary activities include all those that are derived or are a consequence of the previous primary activity.

That is, the conversion that is made to what is obtained by cultivating the land, raising livestock, operating a mine or selling energy. In short, the secondary activity transforms raw materials into manufactured products.

Tertiary activities are the services provided to carry out primary and secondary activities; They are very numerous, but one can mention transportation, sales, administration, accounting jobs, advertising, insurance companies, banks, telephone and internet services, and so on.

Under these initial premises, we will then comment on what are the main economic activities of the largest country in the South American continent.

References

1. Isabel Almaraz Gabriel. The BRICS: the case of Brazil and China, two future world leaders. Recovered from redalc-china.org
2. Economic activities of Brazil. Recovered from actividadeseconomicas.org
3. Economy of Brazil. Recovered from es.wikipedia.org
4. Brazil: Economy. Recovered from geografía.laguia2000.com.