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Home Economy

Brazil’s GDP falls short of emerging countries in the third quarter

Ursula Curtis by Ursula Curtis
December 5, 2023
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Brazil’s GDP falls short of emerging countries in the third quarter
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The performance is almost stable, as in European countries in the third quarter. Mexico, South Korea and Chile were the most developed

Agency Risk Survey Austin classification It showed that Brazil had the 28th highest growth rate in the third quarter in a year classification From 51 countries. The largest increase was in the Philippines, at 3.3%. The United States came in ninth place with a quarterly rate of 1.3% compared to the second quarter.

Brazil’s GDP (gross domestic product) was almost stable, with an increase of 0.1%. European countries also had economic activity close to recession in the third quarter: Italy (0.1%), France (0%), the United Kingdom (-0.1%), Germany (-0.1%) and Portugal (-0.2%).

China ranked eighth, ahead of the United States. Their respective GDPs rose 1.3% in the third quarter, but with a slight Chinese advantage. Mexico (1.1%), South Korea (0.6%), Turkey (0.3%), Chile (0.3%) and Colombia (0.2%) also achieved greater growth than Brazil.

The worst performing countries in this quarter are Ireland (-1.9%), Iceland (-3.8%), and Saudi Arabia (-3.9%).

classification worldwide

Brazil is the ninth largest economy in the world in terms of nominal GDP in dollars. It has a total of US$2.13 trillion and has risen 3 places since the end of 2022. It is ahead of Canada (US$2.12 trillion), Russia (US$1.86 trillion) and Mexico (US$1.81 trillion).

The largest economy in the world is North America, with a value of US$26.95 trillion. In second place comes China ($17.7 trillion).

Ursula Curtis

“Writer. Analyst. Avid travel maven. Devoted twitter guru. Unapologetic pop culture expert. General zombie enthusiast.”

Ursula Curtis

Ursula Curtis

"Writer. Analyst. Avid travel maven. Devoted twitter guru. Unapologetic pop culture expert. General zombie enthusiast."

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