Brazil has a developing mixed economy that is the twelfth largest in the world by nominal gross domestic product (GDP) and eighth largest by purchasing power parity in 2020. According to International Monetary Fund (IMF) estimates, Brazil’s 2020 nominal GDP was R$7.348 trillion or US$1.363 trillion. Brazil is the 83rd country in the world in GDP per capita, with a value of US$6,450 per inhabitant. The country has an estimated at $21.8 trillion worth of natural resources which includes vast amounts of gold, uranium, iron, and timber.
The economy of the Dominican Republic is the eighth largest in Latin America, and is the largest in the Caribbean and Central American region. The Dominican Republic is an upper-middle income developing country primarily dependent on mining, agriculture, trade, and services. The combined import market including the free-trade-zones amounts to a market of $20 billion a year in 2019. The combined export sector had revenues totaling $11 billion in 2019. The consumer market is equivalent to $61 billion in 2019.
The economy of Ukraine is an emerging free market economy. In April 2020, the World Bank reported that economic growth was solid at 3.2 percent in 2019, led by a good agricultural harvest and sectors dependent on domestic consumption. Household consumption grew by 11.9 percent in 2019, supported by sizable remittance inflows and a resumption of consumer lending, while domestic trade and agriculture grew by 3.4 and 1.3 percent, respectively.
The economy of South Africa is the second largest in Africa. South Africa is an upper-middle-income economy, one of only eight such countries in Africa. South Africa’s Gross Domestic Product almost tripled to peak at $400 billion in 2011, but has since declined to roughly $283 billion in 2020. In the same period, foreign exchange reserves increased from $3 billion to nearly $50 billion, creating a diversified economy with a growing and sizable middle class, within two decades of ending apartheid.
The economy of Turkey is an emerging market economy as defined by the International Monetary Fund. Turkey has the world’s 20th-largest nominal GDP and 11th-largest GDP by PPP. Turkey is also defined by economists and political scientists as one of the world’s newly industrialized countries. Over the past 21 years, there have been major developments in the economic and social aspects of Turkey’s economy. There have been increases in levels of employment and income since 2000.
Argentina is a developing country. It is the second-largest national economy in South America, behind Brazil. Argentina benefits from rich natural resources, a highly literate population, an export-oriented agricultural sector, and a diversified industrial base. Argentina’s currency declined by about 50% in 2018 to more than 38 Argentine pesos per U.S. Dollar and, as of that year, is under a stand-by program from the International Monetary Fund. In 2019, it fell further by 25%.
The economy of Vietnam is a socialist-oriented market economy, which is the 36th-largest in the world as measured by nominal gross domestic product (GDP) and 23rd-largest in the world as measured by purchasing power parity (PPP). Vietnam has become a leading agricultural exporter and served as an attractive destination for foreign investment in Southeast Asia. Vietnam may be the fastest-growing of the world’s economies, with a potential annual GDP growth rate of about 5.1%, which would make its economy the 20th-largest in the world by 2050.
The economy of Thailand is dependent on exports, which accounted in 2019 for about sixty per cent of the country’s gross domestic product (GDP). Thailand is the second-largest economy in Southeast Asia, after Indonesia. Its per capita GDP (US$7,379) in 2020, however, ranks fourth in Southeast Asian per capita GDP after Singapore, Brunei, and Malaysia. Its currency, the Thai Baht, ranked as the tenth most frequently used world payment currency in 2019.
The economy of Malaysia is the fourth largest in Southeast Asia according to the International Monetary Fund 2020. It is also the 36th largest economy in the world. The Malaysian economy is the 27th most competitive country in the world. Malaysia has a fast-growing export-oriented economy, a relatively low national income tax, highly affordable local food, and transport fuel, as well as a fully subsidized single-payer public healthcare.
The economy of Portugal is ranked 34th in the World Economic Forum’s Global Competitiveness Report for 2019. The great majority of the international trade is done within the European Union (EU), whose countries received 72.8% of the Portuguese exports and were the origin of 76.5% of the Portuguese imports in 2019. The economy’s growth has been accompanied by a continuous fall in the unemployment rate (6.3% in 2019, compared with 13.9% registered in the end of 2014).