We tend to think of economies as something that is just “there”, they do not tend to pop out of nowhere, since economic growth is often very slow, so slow in fact that the majority of us cannot even recall when the growth process of certain nation or sector began without referencing a textbook or website, 1.7 % here, -0.2% there are things that can be difficult to observe with the “naked” eye, so it can come as a bit of a shock to some people that Brazil now holds the 7th largest economy in the world by GDP, as until the last decade or so, it was hardly considered to be a world power in anything other than football.
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But a surge in population that began in the 1950’s necessitated advances across multiple areas ranging from social care to economics, and if you plan on investing in BOVESPA binary options you’ll be quite happy at the economic upturn that Brazil has taken and the financial strides it has been making.
It is near impossible to discuss investments of any kind on a country’s stock exchange without discussing the economy itself of the country in question, so you may want to include a few facts about Brazil’s growing economy before you dive head first into your BOVESPA binary options investment.
While the services industry controls most of the employment market it is hardly the factor that does (and should) influence investments in the strongest way, that honor is reserved for various industries and agriculture, both of which contribute only 32% of the GDP but are responsible for a far greater share of the income.
Brazil is a world leader in several industries – Soybeans, Coffee, Lumber and Textile are but a few of the products exported to all parts of the world, China is a primary trade ally, but so is the US, a few EU countries and the neighboring country of Argentina.
The origins of Bovespa can be traced back to 1890, but it has only started to gain in popularity in the last couple of decades, at least as far as the outside world is concerned, along with the rise of Brazil’s impact as a player on the world economic map.
Oddly enough, Bovespa and the Brazilian economy as a whole were relatively spared the hardships of the world economic crises, and while other economies were scrambling, Bovespa kept on rising in level, reaching an all-time high of 73,516 points in May 2008, and the largest single day trading volume following a couple of months later, in August, with a whopping $14.8 billion of trades in a single day.
Those rises may very well have been attributed to the merger of Bovespa and BM&F, another large exchange in Brazil, creating what was essentially the second largest stock exchange in the world.
Bovespa currently has over 350 companies listed and by most recent estimates has crossed the $1 trillion dollar threshold for its market cap, and is showing little to no signs of slowing down its climb into financial success.
Trading in Bovespa binary options might very well be your ticket to a trading portfolio as long as the amazon river.