Posted Apr 2, 2021, 2:43 AM
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Join Date: Mar 2020
Location: Stardust country
Posts: 2,257
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From 1930´s to 1980´s Brazil was one of the world´s fastest growing economies, averaging 6% GDP growth rates per year, even more than US, China, Germany, South Korea and Japan.
Even after, in part of the 1980s and in the 1990s, Brazil still had good GDP growth rates when adjusted for GDP PPP, and during the 2000´s decade Brazil was again one of the world´s fastest growing economies.
As everywhere, per capita income actually doesn´t mean much, as there´s always has been income inequality in the whole world.
To this day, as of 2021, Brazil is still the Americas second largest economy when adjusted for GDP PPP, and internationally, considering only the market economies, Brazil is the world´s 6th largest when adjusted for GDP PPP, given that China and Russia are not market economies, after US, India, Japan, Germany and Indonesia.
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