Thanks to last year’s annual rate of growth of 7.5%, a 24-year high for the country, Brazil is now of the world’s top five economies.
At the end of 2010 Brazil’s economy, already the largest economy in South America, was valued at approximately $2.2 trillion. The country will now takes its place amongst the massive economies of the U.S., China, Japan and Germany.
The country that not so long ago was identified as an emerging economy, is expected to have a 5% rate of growth in 2011. The Brazilian economy is three times bigger than it was back in 2003.
The accomplishment is startling when you consider that larger nations like India and Russia have yet to join the top 5 world economies. And that Brazil’s economy is larger than more developed economies like that of France and Britain.