News24

Brazil overtakes Britain

2011-12-26 22:06

London - Brazil has overtaken Britain as the world's sixth largest economy, a London-based research group said on Monday.

In its latest World Economic League Table, the Centre for Economics and Business Research (CEBR) said Asian countries were moving up while European countries were slipping down.

CEBR chief executive Douglas McWilliams told BBC radio that Brazil's advance was part of a wider trend.

"I think it's part of the big economic change, where not only are we seeing a shift from the west to the east, but we're also seeing that countries that produce vital commodities - food and energy and things like that - are doing very well and they're gradually climbing up the economic league table," he said.

Brazil's population of about 200 million is more than three times that of Britain.

The Brazilian economy grew 7.5% in 2010, but the government has cut its growth projections to 3.5 %t for this year after the economy slowed in the third quarter.

The CEBR also predicted that the British economy would overtake France - ranked fifth this year - by 2016 and it said India, the world's 10th biggest economy in 2011, would move up to fifth place by 2020.

It says the US economy is the biggest, followed by China, Japan and Germany.

Comments
  • Kenjaymay - 2011-12-26 23:43

    So what's the big deal?....The pomms are easily beaten!!!

      Spyker - 2011-12-27 04:30

      With you on that one. The UK has effectively become a bank (for others), take that away and it is nothing more than a 3rd-World country (all welfare states are), owned by the Arabs... In fact, the British never fully recovered from the Anglo-Boer-War, two WW's following in quick succession did not help either. People are clambering for "economic freedom", yet the world is under siege of economies with a GDP/capita, lower than a Zim boat at Christmas. Sweet dreams... It would be interesting to see where Brazil is relative to the economy of the state of California - as the size CA's economy (alone) was around the same size as the whole of the UK. Good to see Japan and Germany holding steady (with the US) - the beacon/s of the sane world.

      keith.staniford - 2011-12-27 06:56

      One sentence and you have displayed what a tosser you are?

  • Saksak Motsepe - 2011-12-27 00:06

    Is South Africa in the to 100 or 200?

      Juan - 2011-12-27 03:16

      Actually we rank 27th. Not bad, but our GDP per capita is very low.

      Spyker - 2011-12-27 04:27

      27th, not bad. What planet are you from..? With our natural resources we should be in the top 10 - comfortably. Strange how people suffer from brain-cANCer...

      Kevin - 2011-12-27 05:51

      What do mean? They are number 1 in theft , fraud and government thugs

      Pixie86 - 2011-12-27 21:41

      did we rank number 1 during the apartheid era? All the resources were there.

  • Saksak Motsepe - 2011-12-27 00:12

    Is South Africa in the to 100 or 200?

  • Mantsho - 2011-12-27 01:44

    However people in Britain live better than the people in Brazil, just take a look, too much poverty and there is no housing benefit for the people, followed by India. For SA they must get out of BRICS, it is useless for them.

      Juan - 2011-12-27 03:20

      Well India and China also have enormous economies and populations of 1 billion plus, but the majority of their people live in absolute poverty.

      Juan - 2011-12-27 03:21

      Interestingly the USA have a population of only 300 million and their economy is nearly as big as that of the entire Eurozone.

      John - 2011-12-27 03:43

      The USA's biggest problem now is their huge debt. Today's latest assessment shows that they borrow 42cents for every dollar spent. Also soaring un-employment is choking them. Might also cost Obama his presidency.

      Juan - 2011-12-27 03:50

      @John yes indeed, war is an expensive thing. Their unemployment is soaring by their standards but it still only a fraction of that of SA. One of the reasons for their unemployment problems are their stupid polititians having put incentives in place for US corporations to take their manufacturing base to the East, putting Americans out of work. And with this spiralling debt everybody want tax cuts!

      Kevin - 2011-12-27 05:56

      Hmmmm Time for Britain to colonize some mineral rich countries again.Trouble is there are so many countries with so much illness and problems and only the Brits would feel obliged to help these people and these people like to give the minerals to the chinese who take them and give them nothing in return.

  • NickvanderLeek - 2011-12-27 03:47

    nice achievement. Amazing that France is ranked 5th. I reckon tourism is a major income earner for them, since, when I last looked, France was by far the world's top tourism destination with over 70 million annual visitors. (SA gets about 8 million) I mean, what else does France make or export....cars, yes...but not particularly good ones...and nuclear technology...not exactly a mainstream product.

      John - 2011-12-27 03:50

      @Nick, don't for get their crappy wines.

      Spyker - 2011-12-27 04:51

      @NickvanderLeek.., Stop reading the comics and research your topic before you make Woodwork comments. In 2010, 39 of the 500 biggest companies of the world, were in France. It ranked 4th in the Fortune Global 500. There are more Fortune Global 500's HQ's in Paris than in Beijing, New York, London or Munich. France exports machinery- and transportation equipment, aircraft, plastics, chemicals, pharmaceutical products, iron and steel, beverages, electronics, etc. It is the world's second largest agricultural exporter. France has consistently been one of the largest recipients of Foreign Direct Investment in the world. In 2010, France exported $508.7 billion and while France is the world's no 1 tourist destination (78.95 million foreign tourists in 2010), tourism only makes up about 6% of France's income - so all considered, France is not simply a holiday resort...

  • The-Azanian - 2011-12-27 04:04

    Wealth which was acquired illegal is nw shiftin back. next it wil be netherland and switzerland being overtaken by sa and turkey.

      Spyker - 2011-12-27 04:28

      Stop smoking so much of your own produce - it is not a viable economic model.

      Kevin - 2011-12-27 05:53

      But our government has a lot of people who are helping themselves to money that is not theirs and the voter remains numb and dumb and keeps voting for them

      The-Azanian - 2011-12-27 07:04

      Just wtch, europe is goin nowhr exept stgnatin cosd by their love of livin top life from dept.

      Garth - 2011-12-27 12:03

      Sometimes your comments make sense - this is not one of those times. STOP SMOKING THAT STUFF!

  • Vince.York - 2011-12-27 09:36

    With a Brazilian SLUM growth of 75% PLUS, should these stats read only GDP or at the same time GDE?

  • alan.erwin1 - 2011-12-27 11:14

    Spyker_May ~~~~ Anglo-Boer-War, two WW's following in quick succession did not help either~~~~ Very interesting my friend BUT you live because the brits and their allies saved the world from a horror beyond belief. Or would you like to live under the master race, I am grateful to be free to give comments and live a free life

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