Top 10 Economies in the World

Top 10 Economies in the World

 1. Brazil

Buying shares in a company that provides economies of scale is quite common, because it is possible to have an organization with a number of retailers that have the minimum number of branches to be effective, to reduce costs and to achieve economies of scale. A company can have even more than one chain of stores around the world, but buying shares in a company that does not have as much of a range of retailers to be effective is less likely to be successful. Therefore, companies should check with their financial investors about the possibility of purchasing shares in certain economies that are the leader in their economy.


The Iconographic and Economic Situation of Brazil is a large country in Latin America with a population of more than 300 million. It is a country that is famous for its culture and its environmental landscapes.


The Brazilian economy is affected by two factors. First, low productivity and inflation can cause the cost of doing business in Brazil to be high. Second, low crude oil prices can make the income of the people from this country to be low due to the economic recession that the world was recently under.


Nevertheless, with the help of investment, the Brazilian economy is likely to be restored and strengthened. The reasons are that Latin America is growing rapidly, thanks to the economic crisis in the United States, as well as, thanks to the political support of the U.S. President Joe Biden .Latin America could be described as a source of natural resources and as a good agricultural country. Brazil is a unique country, where people are not willing to leave the country even to become citizens of other countries. Therefore, the Brazilian government is the second largest business partner in Latin America and the most popular country in terms of trade between Latin America and the United States.


In its relation to the United States, Brazil is rich in labor and raw materials. It has vast potential for developing the private industries. The future of the Brazilian economy could be bright for many years, because there are also young people from the country. As the future employees of the private industries, the number of young people who want to leave their countries and want to become citizens of foreign countries could be large, which means that even though Brazilian entrepreneurs are not willing to sell their securities, the markets of Brazil could be high.


However, to analyze the economic situation in Brazil, one should make an analysis of the currency of the country and the GDP of the country. In recent years, Brazil has been affected by the world financial crisis that started in the United States. Since the amount of the GDP of the country depends not only on the number of retailers but also on the number of tourists, the financial crises were quite serious and were linked to the downfall of the foreign currency of the country.


However, in August 2021, the Brazilian currency, the real, was quite high, as it contributed to the economic recovery of the country. However, due to the fact that the GDP of Brazil is unstable, the main question that investors have to answer is, “How will the Brazilian currency grow in the future?”.


This task is quite difficult to answer, because the GDP of the country can vary each year depending on the migration of the people from other countries to Brazil. Therefore, in order to predict the future economic performance of the Brazilian economy, a new data could be collected.


Nonetheless, we can observe that over the past two years, Brazil has been developing the mining industry and improving its railway infrastructure. Brazil has also concentrated on the airports that were not built by the government and that are leading to the construction of businesses such as hotels and tourism. Such investments contribute to the improvement of the transportation network of the country and contribute to the growth of the private industries.


Summary


The Latin American economy has undergone significant changes over the past several years. The tourism industry and the airports business, for example, have been the main successes.


The Brazilian economy has had a high rate of economic growth for many years, despite the economic crisis that the world had to face in 2020 and 2021. Since the economic crisis in the U.S. led to the collapse of the foreign currency of the country, the Brazilians who invested in real estate became the first to lose their capital. Nevertheless, these losses were not steep enough and invested capital managed to recover. Thus, despite the effects of the global financial crisis, the Brazilian economy could recover.


Brazil is rich in natural resources. It also has vast potential for developing the private industries. These factors mean that Brazil can develop the private industries and increase the productivity of the private sectors of the country.


The situation in the Brazilian economy is complicated. Despite the fact that the GDP of the country has reduced after the financial crisis that occurred in 2018 and 2019, with the help of investments, the Brazilian economy is likely to be restored and strengthened. The reasons are that Latin America is growing rapidly, thanks to the economic crisis in the United States, as well as, thanks to the political support of the U.S .

Top 10 Economies in the World 

2. United States

2020 Nominal GDP in Current U.S. Dollars: $30.43 trillion3
2020 PPP Adjusted GDP in Current International Dollars: $21.43 trillion4
2020 GDP Growth: 2.2%5
2020 Nominal GDP Per Capita in Current U.S. Dollars: $70,2986  .

3. China
2020 Nominal GDP in Current U.S. Dollars: $20.34 trillion3
2020 PPP Adjusted GDP in Current International Dollars: $23.52 trillion4
2020 GDP Growth: 6.1%5
2020 Nominal GDP Per Capita in Current U.S. Dollars: $15,2626


4. Japan
2020 Nominal GDP in Current U.S. Dollars: $7.08 trillion3
2020 PPP Adjusted GDP in Current International Dollars: $5.49 trillion4
2020 GDP Growth: 0.7%5
2020 Nominal GDP Per Capita in Current U.S. Dollars: $45,2476  .


5. Germany
2020 Nominal GDP in Current U.S. Dollars: $4.86 trillion3
2020 PPP Adjusted GDP in Current International Dollars: $4.68 trillion4
2020 GDP Growth: 0.6%5
2020 Nominal GDP Per Capita in Current U.S. Dollars: $55,4456. 

6. United Kingdom
2020 Nominal GDP in Current U.S. Dollars: $4.83 trillion3
2020 PPP Adjusted GDP in Current International Dollars: $3.25 trillion4
2020 GDP Growth: 1.5%5
2020 Nominal GDP Per Capita in Current U.S. Dollars: $48,3306 .

7. Italy
2020 Nominal GDP in Current U.S. Dollars: $4.00 trillion3
2020 PPP Adjusted GDP in Current International Dollars: $2.67 trillion4
2020 GDP Growth: 0.3%5
2020 Nominal GDP Per Capita in Current U.S. Dollars: $53,2286 .

8 . Canada
2020 Nominal GDP in Current U.S. Dollars: $3.74 trillion3
2020 PPP Adjusted GDP in Current International Dollars: $1.93 trillion4
2020 GDP Growth: 1.7%5
2020 Nominal GDP Per Capita in Current U.S. Dollars: $60,1956 .


9. Russia
2020 Nominal GDP in Current U.S. Dollars: $2.70 trillion3
2020 PPP Adjusted GDP in Current International Dollars: $4.28 trillion4
2020 GDP Growth: 1.3%5
2020 Nominal GDP Per Capita in Current U.S. Dollars: $15,5856 .


10. South Korea

2020 Nominal GDP in Current U.S. Dollars: $2.65 trillion3

2020 PPP Adjusted GDP in Current International Dollars: $2.23 trillion4

2020 GDP Growth: 2.0%5

2020 Nominal GDP Per Capita in Current U.S. Dollars: $55,8466 .

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