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