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Italy ranks 8th among largest economies; Brazil is 9th

Report points to Italy as the eighth largest economy in the world, with a GDP of US$2,19 trillion.

Italy largest economies
Italy ranks 8th among largest economies; Brazil is 9th | Photo: Depositphotos

The World Economic Outlook report by the International Monetary Fund (IMF) ranked Italy as the eighth largest economy in the world, with a Gross Domestic Product (GDP) of US$2,19 trillion.

O Brazil appears soon after, in ninth position, with a GDP of US$ 2,13 trillion.

Confirming projections, the placement marks the country's return to the top 10 of the ranking. In 2022, Brazilian GDP ranked 11th.

The list is headed by the United States (US$ 26,95 tri) and the podium is completed by China (US$ 17,7 tri) and Germany (US$ 4,43 tri).

Japan appears in fourth place ($4,23 trillion), followed by India in fifth place ($3,73 trillion), the United Kingdom in sixth ($3,33 trillion) and France in seventh ($3,05 trillion). XNUMX tri).

The list, which has 20 nations, continues with Canada in 10th place (2,12 trillion), Russia in 11th (US$1,86 trillion), Mexico in 12th (US$1,81 trillion), South Korea in 13th ( US$1,71 trillion), Australia in 14th ($1,69 trillion) and Spain in 15th ($1,58 trillion).

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Indonesia ranked 16th ($1,42 trillion), Turkey 17th ($1,15 trillion), the Netherlands 18th ($1,09 trillion) and Saudi Arabia 19th ($1,07 trillion) .

Switzerland completes the list with a GDP of US$905 billion.

The IMF predicts that, in the context of the slow recovery of the global economy after the pandemic and the war between Russia and Ukraine, global inflation should steadily decrease.

The index, which was 8,7% in 2022 and 6,9% in 2024, should be 5,8% in 2024.

The Fund credits the reduction to a “more restrictive monetary policy, helped by lower international raw material prices”. (Handle/Depositphotos)

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