12th Largest Global Economy: Brazil Regains Its Place in 2022

Written by Bruno Teles

Published on 03/03/2023 at 17:41

Maior Economia Global (foto/divulgação)

Be the first to react!

Brazilian GDP Reaches US $1.92 Trillion in 2022 and Brazil Is the 12th Country with the Largest Global Economy. After Growing 2.9%, the Country Surpassed Its 2021 Performance, Which Was Harmed by the Strong Loss of the Real Against the Dollar.

The ranking of the largest economies in the world is led by the United States, which holds 25% of the global GDP, followed by China with 18%. However, Brazil managed to reach 12th place among the largest economies globally with R $9.9 trillion in 2022. This result was made possible by considering the value of the Gross Domestic Product (GDP) converted to dollars and also due to the growth rate of the local currency.

The good news arrived on Thursday (2) thanks to the Brazilian Institute of Geography and Statistics (IBGE), which released the Brazilian GDP. A milestone for the country, which saw its economy improve even amid global turmoil.

Largest Economies in the World in 2022

Ranking	Country	GDP 2022, Current Values (US$ Billion)*	Share of Global GDP
1st	United States	25,035.2	24.7%
2nd	China	18,321.2	18.0%
3rd	Japan	4,300.6	4.2%
4th	Germany	4,031.1	4.0%
5th	India	3,468.6	3.4%
6th	United Kingdom	3,198.5	3.1%
7th	France	2,778.1	2.7%
8th	Canada	2,200.4	2.2%
9th	Russia	2,133.1	2.1%
10th	Italy	1,996.9	2.0%
11th	Iran	1,973.7	1.9%
12th	BRAZIL	1,919.6	1.9%
13th	South Korea	1,734.2	1.7%
14th	Australia	1,724.8	1.7%
15th	Mexico	1,424.5	1.4%

*Prepared by: Austin Rating

ARTICLE CONTINUES BELOW

See also

Brazil continues its trajectory back to the “middle of the ranking” of the largest economies in the world. According to Alex Agostini from Austin Rating, the country has been growing at a rate of about 2% to 2.5% per year – a level slightly below developed economies.

However, according to projections through 2023, Brazil is expected to rise to the tenth position on the list of the largest global economies – even with the slowdown of other countries due to rising interest rates.

This return to the ‘middle’ of the ranking is compared to the expectations of emerging countries, which are projected to grow by an average of 4% per year in the coming years. India and the Philippines lead this growth at 6.5% and 5.8%, respectively.

It is important to highlight that the IMF forecasts that Brazil will grow 1.6% per year between 2023 and 2027 – a number similar to the United States and European economies. Therefore, despite the current challenging situation, there are reasons for hope in Brazil’s future.

12th Largest Global Economy: Brazil Regains Its Place in 2022

Brazilian GDP Reaches US $1.92 Trillion in 2022 and Brazil Is the 12th Country with the Largest Global Economy. After Growing 2.9%, the Country Surpassed Its 2021 Performance, Which Was Harmed by the Strong Loss of the Real Against the Dollar.

Largest Economies in the World in 2022

Check Out the Comparison of Brazil’s GDP with Other Countries

The Soviet Union spent 22 years drilling into the Earth’s crust and reached a depth of 12,262 meters — they found water where it was thought impossible, hydrogen bubbling from the rock, granite that is 2.7 billion years old, and temperatures of 180 degrees that melted the drill bits.

Ethiopia has banned gasoline and diesel cars, placed over a hundred silent electric buses on the streets of Addis Ababa, and now aims for half a million electric vehicles by 2030, all powered by Africa’s largest dam and a courage that few countries have shown.

Egypt wants to draw 10 million cubic meters of water from the Nile per day into the desert, irrigate a new agricultural frontier, and build a city where there is currently only sand.

Norway is drilling 27 kilometers of rock 392 meters below the bottom of a fjord to build the world’s largest and deepest underwater road tunnel — when completed, a 21-hour journey will be reduced to 10.

An astronaut spent 340 days in space while his twin brother stayed on Earth, and NASA found a “rejuvenating” effect, genes, microbiome, cognition, and immune system that revealed the biological cost of living outside the planet.

Chinese engineers begin filling a 217-meter dam at an altitude of 3,000 meters and prepare a 2,240 MW hydroelectric power plant to integrate hydropower, solar, and wind energy in the upper Jinsha.

After 14 years of construction and a diplomatic crisis that nearly led to a military confrontation over control of the Nile, Ethiopia inaugurated the largest hydroelectric power plant in Africa — the dam is 170 meters high, holds 74 billion cubic meters of water, and generates 5,150 megawatts.

A United States soldier who was on the mission to capture Nicolás Maduro bet hours before the official announcement, profited over US$400,000 on a prediction platform, and now faces federal charges.

More than 100 scientists warn that India, China, the United States, Mediterranean countries, and parts of Africa could enter an era of persistent droughts by the end of the century, with rivers under stress, demand exceeding supply, and a growing risk of continuous water scarcity.

Free courses from SEST SENAT: online and flexible training on Logistics with certificate and immediate access

Engineers from Iceland descended 4,659 meters into an active volcanic zone, and the IDDP-2 project found supercritical fluids at 427 degrees and 340 bar of pressure, crossing the boundary where water ceases to be liquid or vapor and begins to concentrate energy at extreme levels.

The biggest climatic tragedy ever recorded in the South of Brazil buried a family winery in mud, destroying machinery and production, but the family managed to transform the multi-million dollar loss into a new beginning with a limited edition of wines rescued from the disaster.

12th Largest Global Economy: Brazil Regains Its Place in 2022

Brazilian GDP Reaches US $1.92 Trillion in 2022 and Brazil Is the 12th Country with the Largest Global Economy. After Growing 2.9%, the Country Surpassed Its 2021 Performance, Which Was Harmed by the Strong Loss of the Real Against the Dollar.

Largest Economies in the World in 2022

Check Out the Comparison of Brazil’s GDP with Other Countries

The Soviet Union spent 22 years drilling into the Earth’s crust and reached a depth of 12,262 meters — they found water where it was thought impossible, hydrogen bubbling from the rock, granite that is 2.7 billion years old, and temperatures of 180 degrees that melted the drill bits.

Ethiopia has banned gasoline and diesel cars, placed over a hundred silent electric buses on the streets of Addis Ababa, and now aims for half a million electric vehicles by 2030, all powered by Africa’s largest dam and a courage that few countries have shown.

Egypt wants to draw 10 million cubic meters of water from the Nile per day into the desert, irrigate a new agricultural frontier, and build a city where there is currently only sand.

Norway is drilling 27 kilometers of rock 392 meters below the bottom of a fjord to build the world’s largest and deepest underwater road tunnel — when completed, a 21-hour journey will be reduced to 10.

An astronaut spent 340 days in space while his twin brother stayed on Earth, and NASA found a “rejuvenating” effect, genes, microbiome, cognition, and immune system that revealed the biological cost of living outside the planet.

Chinese engineers begin filling a 217-meter dam at an altitude of 3,000 meters and prepare a 2,240 MW hydroelectric power plant to integrate hydropower, solar, and wind energy in the upper Jinsha.

After 14 years of construction and a diplomatic crisis that nearly led to a military confrontation over control of the Nile, Ethiopia inaugurated the largest hydroelectric power plant in Africa — the dam is 170 meters high, holds 74 billion cubic meters of water, and generates 5,150 megawatts.

Experts say that China and Europe should join forces to reconfigure the global order, strengthen UN-centered multilateralism, and expand cooperation in trade, technology, and climate amid the US withdrawal and the advance of a multipolar world.

War with Iran halted 20% of the world’s oil, and now 70 supertankers are sailing to the US while desperate countries rush to Beijing in search of clean energy that only China can provide.

While China develops giant batteries and magnetic levitation trains, Brazil still hasn’t managed to get the bullet train between São Paulo and Rio off the ground, and now receives R$ 4 billion from Germany for an energy transition that the specialist says is behind schedule in its execution.

The US renews the license for the 759-megawatt Robinson nuclear power plant for another 20 years, until 2050, ensuring energy for 570,000 homes, nearly 500 jobs, and reinforcing Duke Energy’s plan to extend its 11 nuclear units.

New driver’s license in RS becomes up to 76% cheaper and almost doubles approvals, but students of independent instructors face queues, few cities with tests, and a wait of almost a month to schedule the practical exam.

A United States soldier who was on the mission to capture Nicolás Maduro bet hours before the official announcement, profited over US$400,000 on a prediction platform, and now faces federal charges.

More than 100 scientists warn that India, China, the United States, Mediterranean countries, and parts of Africa could enter an era of persistent droughts by the end of the century, with rivers under stress, demand exceeding supply, and a growing risk of continuous water scarcity.

Free courses from SEST SENAT: online and flexible training on Logistics with certificate and immediate access

Engineers from Iceland descended 4,659 meters into an active volcanic zone, and the IDDP-2 project found supercritical fluids at 427 degrees and 340 bar of pressure, crossing the boundary where water ceases to be liquid or vapor and begins to concentrate energy at extreme levels.

The biggest climatic tragedy ever recorded in the South of Brazil buried a family winery in mud, destroying machinery and production, but the family managed to transform the multi-million dollar loss into a new beginning with a limited edition of wines rescued from the disaster.