Brazil, officially the Federative Republic of Brazil (República Federativa do Brasil), is the largest country in both South America and Latin America. Brazil is the world’s fifth-largest country by area and the sixth-most populous. The capital is Brasília, and the most-populated city is São Paulo. It is the largest country to have Portuguese as an official language and the only one in the Americas. Bounded by the Atlantic Ocean on the east, the nation has a coastline of 7,491 kilometers (4,655 mi). It borders all other South American countries except Ecuador and Chile and covers 47.3% of South America’s land area. Its Amazon River basin includes a vast tropical forest, a variety of ecological systems, and extensive natural resources spanning numerous protected habitats.
Its economy is the world’s eighth-largest by both nominal GDP and GDP (PPP) as of 2017. Brazil has a mixed economy with abundant natural resources. Active in agricultural, mining, manufacturing and service sectors the nation has a labor force of over a 107 million (ranking 6th worldwide) and unemployment of 6.2%.
The country has been expanding its presence in international financial and commodities markets. A member of the BRICs group (Brazil, Russia, India, and China), Brazil until 2010 had one of the world’s fastest growing major economies, with its economic reforms giving the country new international recognition and influence. Its national development bank plays an important role for the country’s economic growth. One of the world’s major breadbaskets, the country has also been the largest producer of coffee for the last 150 years.
Brazil has become the fourth largest car market in the world. Major export products include aircraft, electrical equipment, automobiles, ethanol, textiles, footwear, iron ore, steel, coffee, orange juice, soybeans and corned beef. In total, Brazil ranks 23rd worldwide in value of exports.