GDP growth of 2.9% will make Brazil the world's 9th largest economy by 2023

Brazil's GDP will grow by 2.9% in 2023, rising from 11th to 9th place in the ranking of the largest global economies, overtaking Canada and Russia. The United States, China and Germany continue to lead the ranking. Russia dropped to 11th place due to the conflict with Ukraine.

In the ranking of GDP growth in 2023, Brazil came 14th out of 54 countries, with Mongolia (7.1%) and India (6.7%) standing out. In the fourth quarter of 2023, Brazil's GDP remained stable (0.0%) compared to the previous quarter, ranking 35th out of 47 countries assessed.

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