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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 hampered by the strong loss of the real against the dollar.
The ranking of the world's largest economies is led by the United States, which holds 25% of global GDP, followed by China with 18%. However, Brazil managed to reach the 12th position of greater economy overall by adding R$9,9 trillion in 2022. The result was possible thanks to the consideration of the value of the Gross Domestic Product (GDP) converted to dollars and also due to the local currency growth rate.
The good news arrived on Thursday (2) thanks to the Brazilian Institute of Geography and Statistics (IBGE), which released the Brazilian GDP. A milestone for the country, which saw its economy improve even in the midst of world turmoil.
Largest Economies in the World in 2022
| Ranking | Country | 2022 GDP, current values (US$ billion)* | Share% in global GDP |
| 1 º | United States | 25.035,2 | 24.7% |
| 2 º | China | 18.321,2 | 18.0% |
| 3 º | Japan | 4.300,6 | 4.2% |
| 4 º | Germany | 4.031,1 | 4.0% |
| 5 º | India | 3.468,6 | 3.4% |
| 6 º | United Kingdom | 3.198,5 | 3.1% |
| 7 º | France | 2.778,1 | 2.7% |
| 8 º | Canada | 2.200,4 | 2.2% |
| 9 º | Russia | 2.133,1 | 2.1% |
| 10 º | Italy | 1.996,9 | 2.0% |
| 11 º | Iran | 1.973,7 | 1.9% |
| 12 º | BRAZIL | 1.919,6 | 1.9% |
| 13 º | South Korea | 1.734,2 | 1.7% |
| 14 º | Australia | 1.724,8 | 1.7% |
| 15 º | Mexico | 1.424,5 | 1.4% |
*Elaboration: Austin Rating
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Brazil is on its way back to the “middle of the ranking” of the world's largest economies. According to Alex Agostini, from Austin Rating, the country has been growing more or less at a rate of 2% to 2,5% per year – a level slightly lower than developed economies.
However, according to projections until 2023, Brazil should rise to the tenth position in the list of the largest global economies – even with the slowdown of other countries due to high 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 over the next few years. India and the Philippines lead this growth with 6,5% and 5,8% respectively.
It is important to note that the IMF predicts 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 for the Brazilian future.
Check the comparison of Brazil's GDP with other countries
