The Brazilian economy is the world’s eighth largest economy, and the largest in Latin America. Brazil has an estimated US$21.8 trillion worth of natural resources which includes gold, uranium, iron, and timber. Per capita incomes are slightly below the Latin American average. Economic growth has slowed significantly and lags most of the region. Brazil’s credit rating has recently slipped and is now on par with the regional average. But the business climate outperforms the regional average.