New world economic league table shows Brazil overtaking UK in 2011; Russia to reach No 4 by 2020, India to be No 5 by 2020. European countries including the UK drop back but UK overtakes France in 2016.

The latest edition of Cebr’s World Economic League Table (WELT) shows some interesting moves.

The Brazilian economy has overtaken the UK economy in 2011 to become the world’s 6^th largest economy.

Russia climbs the league table to move from being the 11^th largest economy in 2010 to become the world’s No 4 economy by 2020. India moves up from being the 9^th largest economy in 2010 to become the 5^th largest by 2020.

Other Asian economies also move up the ranking. Thailand moves up 7 places from No 32 to No 25; Taiwan from 24^th to 18^th and Korea from 15^th to 12^th.

European countries fall back. Germany falls from No 4 in 2010 to No 7 in 2020; the UK from 6^th to 8^th and France from 5^th to 9^th.

Comments Cebr Chief Executive Douglas McWilliams: ‘Brazil has beaten the European countries at soccer for a very long time. But beating them at economics is a new phenomenon.

‘Our World Economic League Table (WELT) shows how the world’s economic map is changing, with Asian countries and commodity producing economies climbing up the league while we in Europe fall back.’

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