IMF Projects Brazil to Reclaim 8th Largest Economy Status by 2027

The International Monetary Fund (IMF) forecasts that Brazil will become the world's eighth largest economy by 2027, overtaking Italy and Russia according to the latest projections. Brazil's GDP is expected to reach $2.796 trillion that year, surpassing Italy's $2.772 trillion and Russia's $2.675 trillion. In 2026, Brazil is projected to hold the 10th position with a GDP of $2.655 trillion, still below Russia’s $2.861 trillion and Italy’s $2.702 trillion.

Brazil last held this top 8 position in 2011 but fell to 12th place by 2020 after being overtaken by Russia, South Korea, and Canada. The IMF’s projections indicate Brazil will maintain the 8th ranking through 2031, with GDP reaching $3.398 trillion by then and crossing the $3 trillion mark for the first time in 2029 ($3.056 trillion).

Despite positive nominal GDP growth, the real economic growth rate is expected to slow, declining from 2.3% in 2025 to 1.9% in 2027. Inflation is forecasted to gradually decrease from 5% in 2025 to 4.1% in 2027, while unemployment rates are expected to rise from 6% to 6.8% over the same period. The current account deficit is projected to shrink from 2.9% of GDP in 2025 to 2% in 2027.

The IMF rankings are based on nominal GDP in current U.S. dollars, subject to currency fluctuations and economic production changes, which may impact relative positions. The forecasted top 10 economies in 2027 include the United States, China, Germany, India, the United Kingdom, Japan, France, Brazil, Italy, and Russia.