Level of Industrialization.

Newly Industrialized Nations

Brazil is a (in developing) newly industrialized nation with is more advanced economies than other developing nations, but which have not yet fully demonstrated the signs of a developed country.

The country has the third most advanced industrial sector in The Americas. Accounting for one-third of GDP, Brazil's diverse industries range from automobiles, steel and petrochemicals to computers, aircraft, and consumer durables. With the increased economic stability provided by the Plano Real, Brazilian and multinational businesses have invested heavily in new equipment and technology, a large proportion of which has been purchased from U.S. firms.

Industries: textiles, shoes, chemicals, cement, lumber, iron ore, tin, steel, aircraft, motor vehicles and parts, other machinery and equipment

Industrial production growth rate: 4.4% (2008 est.)