RIO DE JANEIRO, BRAZIL - Brazil remained the leader in South America in 2021, accounting for more than 50% of the region's gross domestic product (GDP) that year. The data comes from the World Bank and was compiled by CNN Brazil Business.
The country has held this position since the 1970s, with a large gap to second-place Argentina, which generated 15.3% of the region's GDP in 2021.
For experts, the result reflects Brazil's ability to better exploit its potential but does not mean that the economy does not have problems or that reforms are not needed . . .