Brazil is divided into 27 federal subdivisions, 26 states, and one federal district. Brazil’s economy is one of the most dynamic in the Latin American area, if not the whole globe.
Some states, particularly those in the south-eastern area, have strong economies that are fueled by expansion in the service and industrial sectors.
Aside from a few prosperous states, the rest of Brazil struggles economically, barely generating 1% of the national GDP. Piaui and Maranhao are two such states.
The Richest States In Brazil
1. Distrito Federal
There is a lot of money in Distrito Federal, which is home to the federal government. It is also the richest state in Brazil with a GDP per capita of R$64,653.
The service sector is the most important, followed by the industrial sector and the agricultural sector. Although Distrito Federal is not a state, it possesses characteristics that are similar to those of a state, which is why it is included on this list.
2. So Paulo is the second-most populous city in Brazil.
So Paulo is Brazil’s second-richest state, with a GDP per capita of R$33,624. It is also one of Latin America’s wealthiest nations, with GDP per capita above that of Argentina, Paraguay, Uruguay, and Bolivia.
So Paulo has the biggest industrial complex in Brazil, accounting for over 46 percent of the state’s GDP.
With a 47 percent contribution to the state’s GDP, the service sector is the most important. Agriculture accounts for around 6.5 percent of GDP.
3. Rio de Janeiro
Rio de Janeiro is Brazil’s third-richest state, with a GDP per capita income of R$31,064. The state also boasts a sizable industrial sector, which accounts for more than half of the country’s GDP.
The service sector, which accounts for 47.8% of GDP, is followed by the agriculture sector, which accounts for 0.6 percent.
Petroleum, gasoline, siderurgy, chemicals, and cars are among the country’s main exports. Minas Gerais, Rio Grande do Sul, Parana, Bahia, and Santa Catarina are among Brazil’s wealthiest states, accounting for about half of the country’s GDP per capita.
Brazil’s Poorest Regions
1. Piaui is a state in Brazil.
Piaui, located in Brazil’s northeast, is the poorest state, with a GDP per capita income of R$8,137. Piaui, like other Brazilian states, has a major service industry, which accounts for over 60% of GDP.
With GDP contributions of 27.3 percent and 12.6 percent, respectively, the industrial and agricultural sectors came in second and third. Piaui exports mostly agricultural items such as soybeans and cashews.
Maranhao is the poorest state in Brazil, with a GDP per capita of R$8,760 and a contribution to the national economy of less than 1%.
The service sector accounts for 54.5 percent of the state’s GDP, with the industrial sector accounting for 25.45 percent and the agriculture sector accounting for 20.1 percent.
The majority of the state’s population relies on palm tree products for income. Aluminum, iron, and soybeans are among Maranhao’s top exports.
3. Alagoas is a group of islands off the coast of Brazil.
Alagoas is the third poorest state in Brazil, with a GDP per capita of R$9,333, or less than 1% of the national income.
Despite the fact that the service sector contributes the most to GDP, the state of Alagoas is heavily dependent on agricultural output, particularly sugarcane, which is inherently unstable. Due to attractions, mostly beaches, the tourist business has been gradually growing over the past few years.
The Richest And Poorest States Of Brazil
|Rank||State||GDP per capita (R$, 2012)|
|3||Rio de Janeiro||31,064|
|7||Rio Grande do Sul||25,779|
|9||Mato Grosso do Sul||21,744|
|20||Rio Grande do Norte||12,249|