Thought for the day

Brazil Experiences a Decade of Stagnation


 
Last updated: 3 July 2024
 
Brazil fails to live up to BRIC moniker as an upcoming Emerging Market

Brazil's GDP Growth
Index: 1998=100
Brazil Experiences a Decade of Stagnation
* GDP in Purchasing Power Parity terms with added estimates for the size of the informal economy and adjustments for out-of-date GDP base year data.


Brazil’s economy has marked time in the last decade massively underperforming as an Emerging Market. Once earmarked for its growth potential as a member of the BRIC group (Brazil, Russia, India, China), it has delivered a relatively poor cumulative average ten-year annual growth rate of real GDP of 0.6% compared to 8.5% in India and 8.6% in China.

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