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Latino Daily News

Friday August 20, 2010

Brazil Surpasses Spain and Canada to Become Worlds 8th Largest Economy

By measure of gross domestic product, Brazil has ousted Spain from its number 8 global spot. Brazil also passed Canada in the rankings, relegating the G7 member Canada to the number 10 spot.

China’s gdp beat out Japan for the number two spot, forcing Japan into the third spot. Japan has held the coveted number two spot for four decades.

The US will likely remain in the number 1 spot until 2025, when it is expected to be surpassed by China. Currently the US gdp is more than twice that of Japan or China, as well as being greater than the sum of the two countries.