# IMF global and regional GDP projections

> Developing situation record from CLSTR: https://clstr.news/situations/imf-global-and-regional-gdp-projections
> Updated: 2026-11-08T19:26:03.000Z. Sources: 6. Developments: 2.

The International Monetary Fund (IMF) World Economic Outlook provides updated projections for several national economies. 

Globally, Brazil is projected to return to the position of the eighth largest economy by 2027, with an estimated GDP of 2.80 trillion dollars. This growth is expected to allow Brazil to surpass both Italy and Russia. The IMF suggests Brazil could maintain this eighth place ranking through 2031. Additionally, India is projected to rise to fourth place by 2027, overtaking the United Kingdom and Japan, and potentially reaching third place by 2031. The United States and China are expected to remain the top two global economies through 2031.

In South America, Peru is projected to overtake Chile in GDP by 2027. The IMF estimates Peru's GDP will reach US$413,597 million, slightly exceeding Chile's projected US$413,443 million. This shift would make Peru the fourth largest economy in South America. Projections indicate this gap may widen through 2031. This divergence is attributed to Peru's more dynamic growth rates and strong mining sector exports.

## Timeline

### 2026-11-08: Peru projected to surpass Chile in GDP by 2027

IMF projections indicate Peru will surpass Chile in GDP by 2027, becoming South America's fourth largest economy by 2031.

6 sources. https://clstr.news/cluster/peru-projected-to-surpass-chile-in-gdp-by-2027

### 2026-10-29: Brazil projected to surpass Italy and Russia in GDP by 2027

IMF projections suggest Brazil will become the world's eighth-largest economy by 2027, surpassing Italy and Russia in GDP.

3 sources. https://clstr.news/cluster/brazil-projected-to-surpass-italy-and-russia-in-gdp-by-2027

---
Cite as: IMF global and regional GDP projections. CLSTR, https://clstr.news/situations/imf-global-and-regional-gdp-projections