Q:

Is Brazil a developed country?

A:

Quick Answer

As of 2015, Brazil is not considered a developed country. It is a developing country, according to the World Bank. The World Bank defines countries with an average gross national income of $11,905 or less as developing. The World Bank data shows Brazil's average GNI as $11,690 in 2013.

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Full Answer

Brazil, which is South America's biggest country, has various natural resources. With over 107 million working citizens, Brazil is mainly active in service, agricultural, mining and manufacturing sectors. The country is the world's biggest coffee producer and also exports other products such as corned beef, iron ore, aircraft, steel, soybeans and textiles. Though Brazil has managed to raise 40 million of its people out of poverty in the early 21st century, it remains a developing nation for numerous reasons.

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