Brazil ranks 21st in the world ranking of GDP variations

Brazil ranks 21st in the world ranking of GDP variations

A ranking taken into consideration by Austin Rating Consultancy Percent change in GDP (GDP) ranks Brazil 21st in the world in 2020. This Wednesday, IBGE (Brazil’s Institute of Geography and Statistics) reported that the national economy had lost 4.1% with output of $ 4.1 trillion last year.

Economist Alex Agostini of Austin Ratings explains that in order to make the ranking, he took into account GDP estimates of other countries, which will only be released by the IMF (International Monetary Fund) in April.

The list is headed by only three economies in the world in 2020. Taiwan leads with 3.1% and China and Turkey lead with 2.0% and 1.6% positive respectively. The ranking shows the economy of the United States with a drop of 3.5% in the 16th.

World’s largest economies

The study also indicated the size of world economies after the first year of the Kovid-19 epidemic. According to data collected in estimates by country and other countries, Brazil now occupies 12th place in the rankings, while US $ 1.420 billion was produced in 2020, just behind Russia, with US $ 1.464.1 billion.

The world’s largest economy, the United States of America, appears to be at the forefront of China with US $ 20,807.3 billion, with US $ 14,860.8 billion. In the 2021 launch, Brazil should be overtaken by Australia and Spain and fell to 14th place with US $ 1,431,000 billion.

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About the author: Sarah Gracie

Sarahis a reporter covering Amazon. She previously covered tech and transportation, and she broke stories on Uber's finances, self-driving car program, and cultural crisis. Before that, she covered cybersecurity in finance. Sarah's work has appeared in The Wall Street Journal, Bloomberg, Politico, and the Houston Chronicle.

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