In 2022, Brazil will usher in a new presidential election, and if nothing else, according to the current poll data, former Brazilian President Lula is likely to be elected as brazil's new president.
Once Lula is elected, Brazil will once again form a close relationship with our country, so Americans regard the Brazilian presidential election as the most important presidential election in the world after the United States.
Although Lula only has a primary school education, during his tenure, he pushed the Brazilian economy to a very high level of development, so he was known as the "son of Brazil", and the current president of Brazil, Bolsolaro, was criticized by Brazilians and even the world for his ineffective response to the new crown epidemic.
So, what has been the state of Brazil's economy in the past two years? Hello everyone!
In the world, people refer to The five countries of China, Russia, India, Brazil and South Africa as the "BRICS Countries", which together account for about 26.46% of the world's total territorial area and about 43% of the world's total population.
Because these five countries belong to the world's emerging market countries and have super economic development potential, they are also highly expected by the world to change the current world order that is manipulated by the United States and Western countries.
Especially after the outbreak of the Russo-Ukrainian War this year, Russia has clearly issued an appeal that the "BRICS" can form a multilateral mechanism that affects the world, and thus change and weaken the Western hegemony dominated by the United States.
So, the question is, what is the current economic situation of the five BRICS countries? What are the differences?
Let's take the 2020 GDP data as an example, China has a GDP of 14.72 trillion US dollars, ranking 2nd in the world; India 2.62 trillion US dollars, ranking 6th in the world; Russia 1.48 trillion US dollars, ranking 11th in the world; Brazil 1.44 trillion US dollars, ranking 12th in the world; South Africa 3019 billion US dollars, ranking 39th in the world.
In terms of the total GDP as a proportion of the world economy, China accounts for 17.38% of the world economy, India accounts for 3.1%, Russia accounts for 1.75%, Brazil accounts for 1.71%, South Africa accounts for 0.36%, and the proportion of five countries in the total world economy is 24.3%.
However, since the population of these five countries accounts for up to 43%, in this regard, the economic level of these countries is still relatively large a gap with the developed countries in the world.
So, the question arises again, what is the economic situation of Brazil, one of the BRICs countries?
Let's take the Brazilian economy in 2021 as an example to interpret the state of Brazilian economic development.
In 2021, according to the "National Accounts Report" data released by Brazil's National Bureau of Geography and Statistics, Brazil's nominal GDP reached 8679.490 billion reais in the whole year, which is 1.609 trillion US dollars when converted into US dollars.
At comparable prices, the real increase was 4.6 per cent. Among them, the economic growth rate in the first quarter was 1.3%, the economic growth rate in the second quarter was as high as 12.3%, the economic growth rate in the third quarter was 4%, and the economic growth rate in the fourth quarter slowed to 1.6%.
From the above data, it can be seen that Brazil's second quarter of 2021 was very eye-catching, and even set a new record after the 2008 world financial crisis. But overall, Brazil's economy has fluctuated and is very unstable. The size of the economy has not hit record highs, and it is far from the peak.
Taking the information released by the World Bank as an example, 2011 was the peak of the brazilian economy, and the total GDP of that year entered the top ten in the world with a total GDP of 2.616 trillion US dollars.
After that, with the stagnation of Brazil's domestic industrial upgrading, the currency crisis, the new crown epidemic, etc., the scale of Brazil's economy has declined all the way. Even with a real recovery of 4.6 percent in 2021, the economy is still more than $1 trillion smaller than its 2011 peak.
Not only that, Brazil's GDP ranking in the world is also gradually declining, and it has been overtaken by Italy, Canada, Russia, South Korea, and Australia. By last year, in 2021, Australia surpassed Brazil with $1.634 trillion, rising to 12th in the world, while Brazil dropped to 13th in the world.
In terms of GDP per capita, Brazil also fell from a peak of $10,000 per capita to about $7,540 per capita last year. Brazil's economic development has not increased but has fallen, and such a violent shock is also worth thinking about.
In the process of Brazil's economic development, there is always a shadow of China, so what role has the mainland played in Brazil's economic development?
In 2021, bilateral trade between the mainland and Brazil reached $135.402 billion. Such an eye-catching trade volume not only allows Brazil to raise China's trade share to a new high of 27.08% in foreign trade, surpassing the United States to become Brazil's largest trading partner. Moreover, the trade relations between China and Pakistan have been further consolidated.
For Brazil, the more important thing is that in the bilateral trade between China and Brazil in 2021, Brazil also obtained a surplus of more than $40.1 billion, accounting for about 65% of Brazil's total foreign trade surplus, while unlike China, Brazil's bilateral trade with the United States has a deficit of $8.251 billion.
The reason why China-Pakistan trade can be so stable is mainly because China and Pakistan have very high complementarity in terms of trade structure and economic development direction, for example, Brazil has iron ore, grain, oil and other resources, while the mainland has high-end equipment, mechanical and electrical and other industrial advantages.
It can be said that trade relations with China have become an important engine for Brazil's economic development.
If in the next Brazilian presidential election, Lula, who represents the left-wing forces, is officially elected president of Brazil, there may be a "second Pakistani railway" in the world, and at the same time, the entire Latin American countries will be largely governed by left-wing forces, at that time, the economic development of the mainland and Latin American countries will enter a once-in-a-lifetime window period.
Thank you all for your support, we will see you next time!