Brazil Looks Like A Buying Opportunity Again

Brazil continues to impress as a country and economy, due in no small way to its government's multi-year efforts and determination to make it an important global presence.

Brazil is the fifth largest country in the world by geographical area and population (190 million), and now has the sixth largest economy, having surpassed the United Kingdom last year.

It's long been known for its dirt-poor city slums, which are appalling. But its booming economy of recent years has increased the purchasing power of its population and moved an estimated 20 million out of poverty, with the majority of the population now in the middle class for the first time ever.

The increasing purchasing power of its population, and pent-up demand for goods, is an important factor in its solid economy and relative protection from the woes of the world.

The country is blessed with an abundance of natural resources, including huge and growing reserves of oil and gas, is the world's largest producer of sugarcane, coffee, and tropical fruit, and has the largest commercial cattle herd.

Yet exports account for only 14% of its economy, which should leave it less affected by threatening economic slowdowns in Asia and Europe.

Manufacturing, including automobiles, steel, petrochemicals, computers, aircraft and consumer durables, account for 31% of GDP. Agriculture, construction, and services, including healthcare, banking, insurance, retailing, etc., account for the rest.

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