Sunday, May 29, 2011

Coffee Giant

As I mentioned last month, Brazil remains the world's leading producer of coffee, responsible for more than a quarter of all the coffee in the world. As important as Brazil is to coffee, however, the growth of other sectors means that the relative economic importance of coffee in Brazil is declining. According to the most recent country profile by the International Coffee Organization, coffee represents less than 3 percent of commodity exports from Brazil (which exports far more soybeans, for example), and only 0.27 percent of Brazil's Gross Domestic Product.

Brazil still devotes more than two million hectares (an area a bit larger than New Jersey) to the production of coffee. That such effort now represents such a thin sliver of its economic activity is testimony to the sustained growth and diversification of Brazil in recent decades.

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