Brazil Is World’s 13th in GNI, But 86th in PPP

Mexico and Brazil figure as the leading Latinamerican economies and ranked ten and thirteen according to the latest world Atlas report from the World Bank. The ranking is based on the Gross National Income.

The top ten are United States, Germany, Japan, United Kingdom, France, China, Italy, Canada, Spain and Mexico, followed by South Korea and India, with Brazil a GNI equivalent to 480 billion US dollars.


Argentina continues as the third Latinamerican economy, 142 billion US dollars, but in spite of the strong recovery of the last two years with growth rates in the range of 9%, actually dropped in world ranking from 30 to 34, behind, South Africa, Thailand, Iran and Portugal.


Apparently the World Bank Atlas system takes into account the exchange rate of the last three years, 2004, 2003 and 2002, which means the full impact of the Argentine peso devaluation and the 2001/2002 financial crisis, has become to be reflected.


Actually Argentina in 1999, with its fixed exchange rate policy of one US dollar equivalent to one Peso, ranked 17 in the world with a GNI of 276 billion US dollars and the following year managed to remain in the same position but the GNI was 260 billion.


South Africa on the other hand jumped from position 33 to 30 on the back of the strong appreciation of the local currency and gold, its main export.


Similarly oil rich Venezuela with a GNI of 104,9 billion US dollars figures fourth in Latinamerica and 39 in world ranking; Colombia with 90,6 billion is 5 in the region and 39 world wide.


Chile with a 78,4 billion GNI figures in places 6 and 48.


However, per capita income is not measured in the same way or in US dollars. Although large countries, which tend to have large markets attract most investments, PPP (purchasing power parity) give a better idea of living conditions.


In the PPP GNI per capita ranking, Argentina figures in position 66, Chile 77, Mexico 80, Brazil 86 and Venezuela 125.


This article appeared originally in Mercopress – www.mercopress.com.

Tags:

  • Show Comments (0)

Your email address will not be published. Required fields are marked *

comment *

  • name *

  • email *

  • website *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Ads

You May Also Like

Brazil and Spain Sign Pact to Fight Organized Crime

The ministers of Justice of Brazil, Márcio Thomaz Bastos, and Spain, Juan Fernando López ...

WikiLeaks Reveals Paraguay’s Fear of Brazil’s Imperialism

According to a diplomatic cable exposed by WikiLeaks and reproduced by the Brazilian portal ...

Europe Bans Brazilian Honey

Starting this Friday, March 17, Brazil will not be allowed to export honey to ...

A Silver Lining for Brazil’s Agriculture: the Stronger Dollar

Agribusiness in Brazil has already been affected by the economic crisis, but at a ...

Cocaine Consumption in Brazil Stops Upswing

Cocaine consumption remained stable in Brazil between 1997 and 2004, after a period of ...

Brazil’s Central Bank Good News Sends Market Way Up North

Brazilian and Latin American markets surged, after the release of minutes from the Brazilian ...

To Brazil Honduras Seems to Be Doing Everything Right These Days

The Brazilian vice consul at the embassy in Tegucigalpa, Honduras, Francisca Francinete de Melo, ...

Italian energy company ENI

Brazil Joins Italy to Produce Biofuel in Brazil and Africa

Brazil's state-controlled oil company Petrobras and Italy's energy company ENI signed an agreement in ...

US and UK Main Beneficiaries of Brazil’s US$ 152 Billion Foreign Investment

The transfer of money from Brazil abroad, turned to financial investment both by natural ...

Brazil Disappointing in Competitiveness in the World… and Falling

The World Economic Forum rated Finland as the most competitive economy in the World ...