Last week, the International Monetary Fund released its set of global forecasts for the coming years, in its World Economic Outlook report. In 2022, Gross Domestic Production (gross domestic product) from Brazil reached 11th place globally.
This year, the country should move up two places, to occupy ninth place in classification. For 2024, the International Monetary Fund expects the country to maintain the same status.
By 2026, the country could rank eighth among the world’s largest economies.
Rodrigo Valdes, director of the International Monetary Fund’s Western Hemisphere Department, noted that Brazil had surprised them with its growth. “Brazil has surprised us with its strength in terms of growth. There are several reasons for this. One of these challenges is the growth of agriculture,” Valdes said.
The 10 largest economies in 2024
Learn about the International Monetary Fund’s forecasts for next year:
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