Brazil retreated in the global ranking of countries with the highest GDP per capita in 2020 and will likely continue to lose positions in the coming years, according to projections by the International Monetary Fund.
Brazil's drop in the ranking has occurred at least since 1980, when Brazil was among the 50 countries with the highest GDP per capita. After a decade of economic crises, the country fell to 60th position in 1990. Ten years later, it lost seven more positions (67th).
In the first decade of the 2000s, despite strong economic growth, the country underperformed the world average and lost 11 more positions (78th).
In 2014, Brazil recorded the highest GDP per capita, due to the concept that considers the purchasing power parity of local currencies, at US$15,800. It was in 76th global position.
After the 2014-2016 recession, followed by three years of low growth and a new recession in 2020, Brazil ranked 85th among the 195 countries for which data are available, with a GDP per capita of US$14,916 .
Translated by Kiratiana Freelon