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IMF points to drop in Brazil’s participation in the global economy to its lowest ranking in 38 years

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In 2018 Brazil completed the seventh consecutive year of loss of participation in the global economy, according to data from the International Monetary Fund (IMF).

According to Folha newspaper, the share of the country in the production of goods and services in the world, which was 4.4% in the year 1980, reached 3.1% in 2011 and since then only registered a decline and reached 2, 5% last year. This was the lowest level during the almost four decades in the historical series that shows the exchanges between Brazil and the rest of the world.

The data are based on the participation in the global PPP adjusted for purchasing power parity (PPP), which reflects differences in the cost of living between countries.

By this measure, which is more stable, Brazil lost last year, the rank of the seventh largest economy in the world, it held since 2005 to Indonesia, falling to eighth place.