Brazil has the largest national economy in Latin America, the world's tenth largest economy at market exchange rates, and the ninth largest in purchasing power parity (PPP), according to the International Monetary Fund and the World Bank. Its GDP per capita is $10,200, putting Brazil in the 64th position according to World Bank data. It has a large and developed agricultural, mining, manufacturing and service sectors, as well as a large labor pool. Brazilian exports are booming, creating a new generation of tycoons. Major export products include aircraft, electrical equipment, automobiles, ethanol, textiles, footwear, iron ore, steel, orange juice, soybeans, corned beef, and, of course, coffee.