Brazil becomes the 11th largest economy in the world, the largest economy in Latin America and the southern hemisphere by 2022

 According to WorldBank and IMF, 🇧🇷 Brazil is in the 11th position in the global ranking of the largest economies by NOMINAL GDP in 2022.

By Andrew

The South American country is the largest economy in all of Latin America surpassing Mexico, Argentina, Colombia and Chile in NOMINAL GDP, and by 2022 it will become the largest economy in the southern hemisphere of the planet surpassing Australia and South Africa.

Brazil commonly seen as the country of Soccer and Favelas, Brazil 

 Brazil has developed strongly in the last 10 years, the Brazilian poverty rate is 24.9% of the population, in the same comparison Argentina has 43% of the population in poverty (World Bank), Brazil is a country of 217 million people and Argentina only 46 million people.

 The main stock exchange in Brazil (B3) moves weekly the equivalent to the Nominal GDP of Chile and Portugal, thanks to the Day Trade negotiations made by the Brazilian investors themselves, and other investors (speculators) from Latin America.

The Real is the Brazilian currency (BRL), was the currency that appreciated most against the U.S. dollar since January 2022, this is partially due to the appreciation of the oil barrel in the world with Brazil being a major exporter in the global market, the interest rate in Brazil is above 11% per year which attracted foreign investment in the country bringing down the dollar (USD) and appreciating the Brazilian Real (BRL).

Brazil's GDP PER CAPITA is the 7th highest in Latin America and the 5th highest in South America, higher than Eastern European countries such as Belarus, Moldavia, Armenia, Bosnia, Ukraine and Azerbaijan.

The Brazilian minimum wage is higher than that of Russia since 2019, being higher than 230 Euros per month while in Russia the value is less than 210 Euros per month (Country Economy), the Brazilian purchasing power is also higher taking into account the annual inflation rate and the minimum wage, of course the average Brazilian wage is also higher than the Russian one.

Brazil is simply the leader of the economic bloc of South America (Mercosur) is equivalent to the European Union, being the Latin American leader is a strategic ally of the U.S., and the only country on the continent to be part of the BRICs an economic alliance between the largest emerging powers in the world (Brazil, Russia, India, China and South Africa).

Brazil is seen as an Australia that has not succeeded in developing, is an extremely rich country in natural resources but the political corruption and military coups of the extreme right tore the constitution of the country twice in less than 100 years, is a country of extreme right to the present day with a leader who supports the ideologies of Donald Trump, Jair Bolsonaro elected in 2019 is a controversial leader on climate issues involving the Amazon rainforest and global warming.