Copa América: Already eliminated from the tournament, Japan and Qatar are champions in the economy

Japan has the world’s third largest economy. In relation to GDP per capita, Qatar, another guest at the championship, is the great winner.
Economics
28 June 2019
Copa América: Already eliminated from the tournament, Japan and Qatar are champions in the economy

Of the twelve countries participating in the 46th edition of Copa América, Japan, an Asian guest who has already left the tournament, is the great champion when it comes to economy. The country has the world’s third largest economy (behind only the United States and China) and leads the rankings of nations competing in the tournament. Brazil, which currently ranks ninth in the world rankings, appears as second on this list.

The figures are part of the survey of Fundação Getulio Vargas’ Brazilian Institute of Economics (IBRE), conducted by Marcel Balassiano. “Last year, Japan had a GDP of $4.972 billion. Brazil ranks second, with $1.868 billion. In turn, Bolivia, the last in the rankings, reported a GDP of $41 billion,” noted the senior researcher in the field of ​​Applied Economics of FGV IBRE.

The survey also reveals that the host country of Copa América is not only off the top of the podium in terms of economic activity, but is also trailing in another ranking. According to Balassiano, in relation to GDP per capita, Qatar, another guest at the championship, is the great winner. “The country’s GDP per capita is $116,000, followed by Japan ($39,300). Brazil ranks sixth in this classification ($14,400), behind Chile, Uruguay, and Argentina. Bolivia also ranks last in the GDP per capita competition,” said the economist.

According to the Balassiano, it should be noted that Qatar has high per capita GDP because its GDP is high – largely dependent on oil – and because it has a small population, totaling 2.7 million people as of 2018. The full study is available on the IBRE Blog: https://blogdoibre.fgv.br/.