Overview
- Brazil is a large agribusiness producer and major food supplier to international markets.
- Agriculture plays an important role in the economy, as reflected by its contribution to national gross domestic product (GDP) and employment.
- The agrifood sector (production agriculture and associated processing and marketing activities) accounted for 28 percent of the country's GDP in 2008.
- The sector employed over 16.4 million people that year, 17.5 percent of the country's labor force.
- The growth in Brazil's agricultural sector has been mostly attributable to economywide trade and regulatory reforms, including privatization, opening up to external financial capital, and regulation of the financial sector.
- The value of Brazil's agricultural exports reached $55.6 billion in 2008, 28 percent of total exports.
- Improved economic performance, growing per capita income, and a more balanced income distribution—combined with continued population growth—are expected to continue expanding the quantity and quality of food products demanded by Brazilian consumers.
ERS provides research and analysis on Brazil's agricultural sector, including institutions and policies, that influence U.S. and world commodity markets.
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