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When looking at the GDP (gross domestic product) you can tell the resources of the economy. When looking at the list of nations Italy comes in at #7 while Brazil is at #8. However Brazil is one of the fastest growing nation, in terms of economic growth, on the planet so it is likely that Brazil will overtake Italy within a few years.
Answer: No
Only in volume terms (estimates for 2011):
- Brazil's GDP: US$2.17 trillion (ranked 9th in the world)
- Mexico's GDP: US$1.65 trillion (ranked 11th in the world)
- Mexico's GDP per capita: US$15,224 (ranked 54th in the world)
- Brazil's GDP per capita: US$11,127 (ranked 75th in the world)
These statistics mean that while Brazil is richer in volume terms due to its larger population, Mexico is more 'developed'.
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