Which is richer Brazil or Russia?

Brazil’s economy expanded at an average of 3.2 percent from 2010 to 2014, while Russia’s grew an average of 2.8 percent a year over the same period. Sources: World Bank, Tradingeconomics.com and others. Per capita GDP in the two countries is comparable, standing at $11,612 in Brazil and $12,735 in Russia in 2014.

Is Brazil more developed than China?

But another real and important reason for the discrepancy is that Brazil is already a much more developed economy. Brazil’s per capita income is more than double China’s – $8,230 vs. $3,650 in 2009. China’s per capita income has now already risen, and much of the “easy” productivity gains are behind it.

Will China become a rich country?

China has gone past the US to become the richest nation in the world, according to a new research report. According to the data revealed, China has accounted for almost one-third of the staggering rise in global wealth. The wealth of the nation surged from $7 trillion in the year 2000 to $120 trillion in 2020.

How big is Brazil vs Russia?

Brazil is approximately 8,515,770 sq km, while Russia is approximately 17,098,242 sq km, making Russia 101\% larger than Brazil. Meanwhile, the population of Brazil is ~211.7 million people (70.0 million fewer people live in Russia).

Where will China rank in the world’s richest countries in 2025?

By that date, China will rank 70th in the world on the metric, putting it close to joining the richest one-third of nations, according to data analyzed by Bloomberg from last month’s IMF World Economic Outlook. The Asian powerhouse is forecast to have per-capita GDP, adjusted for purchasing power, equal to $25,307 in 2025.

Who are the richest countries in the world?

If we simply consider a nation’s gross domestic product—the sum of all goods and services produced by a country during one year—then we would have to conclude that the richest nations are exactly the ones with the largest GDP: United States, China, Japan, Germany.

Is it better to be rich or poor in a country?

In conclusion, then, when considering whether it is better to be rich in a poor country or poor in a rich one, the best chance of enjoying a superior standard of living is to reside in a richer nation no matter where a person falls on the income distribution scale. The coronavirus pandemic proved it most strikingly.

Can China overtake 56 countries in World’s per-capita income?

China’s surging economy is set to overtake 56 countries in the world’s per-capita income rankings during the quarter-century through 2025, the International Monetary Fund projects.