Brazilian economy larger than Italy’s next year, according to IMF estimates

Tuesday, October 12th 2010 - 07:00 UTC

Full article 4 comments

The strong agriculture and mining sectors are vital for Latam’s largest economy

Brazil's economy will likely be larger than that of Italy next year, according to the latest data from the International Monetary Fund (IMF).

Brazil is already the 8th-largest economy in the world and will likely become the 7th-largest next year, according to a Latin Business Chronicle analysis of the IMF projections.

It will keep that rank through 2015, IMF forecasts show.

Brazil’s current size makes it larger than both Russia and India. Along with China they are grouped in the so called BRIC group of emerging market stars.

Brazil’s GDP now stands at 2 trillion USD compared with 1.5 trillion for Russia and 1.4 trillion for India. (China's is 5.7 trillion).

Next year, Brazil’s GDP will likely grow to 2.2 trillion. That compares with 2.1 trillion for Italy. In 2015, it will grow to 2.8 trillion, the IMF forecasts.

Categories: Economy, Brazil.

Tags: Brazil, GDP, IMF.

Top Comments

Disclaimer & comment rules

mastershakejb
:D
Oct 12th, 2010 - 08:36 am 0
Fred
That's a clear signal of what's going on the country though we must remember that there are around 180.000.000 people estimated in Brazil. The GDP per capita is still pretty much low. When the GDP reaches the 5th position then you've got a full development.
Oct 12th, 2010 - 07:09 pm 0
Think
Uppps Fredbdc has changed name...... but not style....
Oct 12th, 2010 - 07:48 pm 0

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