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Explore Brazil's latest macroeconomic trends and forecasts to inform business strategy and pinpoint opportunities and risks

Real GDP of Brazil (2010 - 2021, $ Billion)

The real GDP of Brazil increased by 4.7% from the previous year to $2,359 billion in 2021
In terms of Real GDP, the US, China, Japan, Germany, and India are the leading economies in the world
COVID-19, the Russia-Ukraine war, and rising inflation have caused a slowdown in the global economic growth

Overview of Brazil’s Real GDP

Brazil is the largest economy in South America. Brazil's real GDP hit $2.4 trillion in 2021, an increase of 4.7% over the previous year. Brazil's economy grew by 0.6% between 2010 and 2021. The South American nation’s future growth was hampered due to the rise in COVID-19 cases, rising inflation, and the conflict between Russia and Ukraine.

Outlook on Global Economy

Real GDP refers to base year prices, which include inflation. Changes in real GDP indicate the increase or decrease in the volume of economic activity and measure economic growth.

The US, China, Japan, Germany, and India are the world's top five economies in terms of real GDP. With a value of $18.6 trillion in 2021, the US had the highest real GDP, followed by China with a value of $12.7 trillion. Japan ranked third globally in real GDP during the same period with $6 trillion. Other top economies are Germany and India, with real GDPs of $3.8 trillion and $2.9 trillion.

Factors Affecting the Global Economy

A rise in COVID-19 cases:

As a result of Omicron, a new variant of COVID-19, more cases have been reported worldwide, resulting in the disruption of supply chain management. However, the global vaccination drive has reduced the fatality from COVID-19.

Russia-Ukraine war:

Global economic expansion will be hampered by a protracted conflict between Russia and Ukraine. Due to the war, trade and investment have suffered because Russia has been subjected to economic sanctions, and several significant corporations have ceased operations there.

Rising Inflation and Interest Rates:

As a result of rising inflation rates in both developing and advanced economies, central banks have been forced to tighten monetary policy and raise interest rates to keep prices from rising. However, a steady increase in interest rates could cause financial distress in some economies.

Explore Brazil's latest macroeconomic trends and forecasts to inform business strategy and pinpoint opportunities and risks Explore Brazil's latest macroeconomic trends and forecasts to inform business strategy and pinpoint opportunities and risks Visit Report Store