Brazil's economy is thriving. With large growing agricultural, mining, and service sectors, Brazil's economy ranks first in South American countries. However the economy hasn't always been this strong. The country has endured both global and internal economic crises. Thanks to strong economic policies and programs taken up by President Cardoso, and strengthened by President Lula Da Silva, the economy endured these hard times, and now thrives. Since 2004 Brazil's economy has been undergoing continuous growth and development. This has led to a rise in employment and real wages. The present GDP is $1.6 trillion, and the real growth rate of GDP is 3.7% unemployment rate is 9.6% and inflation is 3%. Major industries include: textiles, shoes, chemicals, aircraft, steel, motor vehicles. Agricultural products includes coffee, wheat, rice, sugarcane and many more.