Brazil returns to top 10 ranking of world’s largest economies

Brazil returns to top 10 ranking of world's largest economies

The country overtook Russia, South Korea and Australia in Q1 2022; GDP grew by 1% in this period

Brazil rejoined top 10 The world’s largest economies according to the ranking of Austin Rating, The country has jumped from 13th position in the fourth quarter of 2021 to 10th in March 2022. intact of Survey (81 KB).

Brazil’s nominal GDP (Gross Domestic Product) reached US$ 1.83 trillion in the first quarter of this year. It surpassed Russia ($1.83 trillion), South Korea ($1.80 trillion) and Australia ($1.75 trillion). left the country top 10 in 2020.

Driven by the services sector, Brazil’s economic activity grew 1% in the first quarter of 2022 compared to the previous quarter (October to December 2021). Now, Brazil’s economy is at the highest level of activity since the fourth quarter of 2014, according to IBGE (Brazilian Institute of Geography and Statistics).

The largest economy in the world is the United States of America with a nominal GDP of $25.45 trillion. The top 3 are China, with US$19.91 trillion, and Japan (US$4.912 trillion). India overtook Britain and Canada overtook Italy.

The world’s 15 largest economies have a nominal GDP of US$78.94 trillion, which corresponds to 76.1% (US$103.72 trillion) of everything produced in the world.

See also  Inventory futures increase as S&P 500 eyes report

About the author: Sarah Gracie

"Proud social media buff. Unapologetic web scholar. Internet guru. Lifelong music junkie. Travel specialist."

Related Posts

Leave a Reply

Your email address will not be published.