Brazil projected to surpass Italy and Russia in GDP by 2027

According to the International Monetary Fund (IMF) World Economic Outlook, Brazil is projected to return to the eighth largest economy in the world by 2027. The country is expected to surpass both Italy and Russia in terms of Gross Domestic Product (GDP).

By 2027, Brazil’s GDP is estimated to reach 2.80 trillion dollars. The IMF projections suggest Brazil could maintain this eighth-place position through 2031. This growth is supported by Brazil’s large domestic market, diversified industrial base, and significant capacity in agricultural and energy production.

Other notable shifts in the IMF rankings include India, which is projected to rise from sixth to fourth place by 2027, overtaking the United Kingdom and Japan, and eventually reaching third place by 2031. The United States and China are expected to remain the top two global economies through 2031.