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    Home»Economy»Brazil returned to the top ten in the ranking of the largest economies in the world
    Economy

    Brazil returned to the top ten in the ranking of the largest economies in the world

    Charlotte WhitmoreBy Charlotte WhitmoreJune 10, 2022No Comments2 Mins Read
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    Brazil returned to the top ten in the ranking of the largest economies in the world
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    The country overtook Russia, South Korea and Australia in the first quarter of 2022; GDP grew by 1% in this period

    Brazil once again joined the Top 10 It is one of the largest economies in the world, as it has not occupied it since 2020. According to the ranking Austin ratingthe country moved from thirteenth place in the fourth quarter of 2021 to the tenth in March 2022. Here Salim For scanning (81 KB).

    The nominal gross domestic product (GDP) of Brazil reached 1.83 trillion US dollars in the first quarter of this year. The country has surpassed Russia ($1.83 trillion), South Korea ($1.80 trillion) and Australia ($1.75 trillion).

    Driven by the services sector, Brazil’s economic activity increased by 1% in the first quarter of 2022 compared to the previous quarter (October to December 2021).

    Now, the Brazilian economy is at its 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, with a nominal GDP of $25.45 trillion. China ($19.91 trillion) and Japan ($4.912 trillion) make up the top three. India overtook the United Kingdom and Canada overtook Italy.

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

    Brazil ranked ninth among 32 countries in the ranking of the best GDP growth in the first quarter of 2022 versus the end of 2021, after Peru, China, Turkey and Mexico. The country’s economy has grown more than that of Colombia, Germany, France, Italy, and the United States.

    See also  GDP rises but Brazilian public debt rises sharply, reaching R$7.9 trillion, B.C. reveals

    Charlotte Whitmore

    Charlotte Whitmore is a contributor at Mediarunsearch.co.uk, covering a broad range of topics including news, politics, business, technology, sport, entertainment, and lifestyle. She focuses on delivering clear, balanced reporting and practical information that helps readers stay informed about current events and emerging developments. Her work highlights stories that matter to everyday audiences, with an emphasis on accuracy, relevance, and accessible journalism that keeps readers connected to the issues shaping the UK and beyond.

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