Brazil Becomes World's Sixth Largest Economy

  • Playlist
  • Download
  • Embed
    Embed <iframe src="http://www.npr.org/player/embed/148113599/148113582" width="100%" height="290" frameborder="0" scrolling="no">
  • Transcript

Another year of growth was enough to edge Brazil past the stagnant United Kingdom in global economic rankings. Agriculture and food processing were the big areas of growth for Brazil.

STEVE INSKEEP, HOST:

NPR's business news starts with Brazil moving up.

The South American nation has become the world's sixth largest economy. Another year of growth - about 3 percent - was enough to edge Brazil past the stagnant United Kingdom in the global economic rankings. Agriculture and food processing were big areas of growth for Brazil. They were helped by high food prices and also high oil prices. Steep energy costs can be good for Brazil since it produces a lot of alternative energy.

Brazil cannot be assured of staying near the top of the global rankings, though. Based on current trends, the economies of Russia and India are set to surpass Brazil's by the year 2020.

Copyright © 2012 NPR. All rights reserved. Visit our website terms of use and permissions pages at www.npr.org for further information.

NPR transcripts are created on a rush deadline by a contractor for NPR, and accuracy and availability may vary. This text may not be in its final form and may be updated or revised in the future. Please be aware that the authoritative record of NPR’s programming is the audio.

Comments

 

Please keep your community civil. All comments must follow the NPR.org Community rules and terms of use, and will be moderated prior to posting. NPR reserves the right to use the comments we receive, in whole or in part, and to use the commenter's name and location, in any medium. See also the Terms of Use, Privacy Policy and Community FAQ.