Brazil is the world’s second largest producer of natural resources, second only to Australia.
Brazil is one of the few countries in the world to be self-sufficient in oil, mainly due to its ever-increasing oil reserves and the fact that a large percentage of its cars run on domestically produced environmentally friendly ethanol. Around 85% of Brazil’s energy needs are derived from renewable sources.
With vast reserves of minerals, including substantial iron ore deposits along with other natural resources, these currently account for a large percentage of exports. Brazil also has a third of the world’s drinking water reserves, which is significant as many have predicted that water will become one of the most in demand commodities of the century.