Brazilian GDP numbers have just been released, showing a growth of 9.0% compared with same period last year, easily beating consensus estimates for growth of 7.6%.
The 9% rate was the highest rate of growth in more than 15 years.
In a list of 17 countries, Brazil's GDP in the first quarter versus the fourth quarter of 2009 exceeded the rate of growth (or decline in the economy) for the same period of comparison:
- Canada (1.5%)
- Sweden ( 1.4%)
- Japan (1.2%)
- Portugal (1.0%)
- United States (0.8%)
- Italy (0.5%)
- Switzerland (0.4%)
- UK ( 0.3%)
- Germany (0.2%)
- EU (0.2%)
- Spain (0.1%)
- France (0.1%)
- Mexico (-0.4%)
- Greece (-0.8%)
- Chile (-1.5%).
In the first three months of 2010 compared to the same period last year:
- China grew 11.9%, and ranks first among the BRICs nations
- followed by Brazil, up 9.0% in GDP
- Third place is occupied by India with 8.0% increase in GDP
- followed by Russia, up 4.5% in GDP in the first three months of this year,