The Brazilian economy is the largest in South America and is classified as an upper-middle-income economy. It is diverse, with key sectors including agriculture, mining, manufacturing, and services. Brazil is a major exporter of commodities like soybeans, iron ore, and coffee, which significantly contribute to its GDP. In recent years, the economy has faced challenges such as inflation, political instability, and slow growth. However, Brazil remains a member of the BRICS group, which includes Russia, India, China, and South Africa, highlighting its importance in the global market.