Brazil dropped two positions and is now ranked 89th out of 193 countries in the United Nations (UN) Human Development Index (HDI) ranking, released this Wednesday (13). Previously, the country occupied position 87.
The HDI ranges from 0 to 1 and is calculated based on three criteria: life expectancy, education and income.
The data in the current report refers to the year 2022, during the government of former president Jair Bolsonaro.
The top performers on the list are:
1st Switzerland (0.967)
2nd Norway (0.966)
3rd Iceland (0.959)
At the bottom of the ranking are Somalia, South Sudan and the Central African Republic.
Rich countries that reached record levels recovered from the crises generated during the Covid-19 pandemic. The poorest countries, on the other hand, fell in the ranking positions and fell back to the pre-crisis pace of progress.
According to the report, almost 40% of global merchandise trade is concentrated in three or fewer countries; and the market capitalization of each of the world's three largest technology companies surpassed the Gross Domestic Product (GDP) of more than 90% of countries in 2021.
In comparison to Latin American countries, Brazil is behind Chile, Argentina and Uruguay, and is ahead of Colombia.
44th Chile (0.860)
48th Argentina (0.849)
52nd Uruguay (0.830)
89th Brazil (0.760)
91st Colombia (0.758)

Brazil was in the HDI ranking of 0.760 in 2022. Before the pandemic, the country was in position, which was 84, slightly above the world average, of 0.739. The country still remains in the group with a high human development index, despite the drop in the ranking.
Source: CNN Brasil

I’m James Harper, a highly experienced and accomplished news writer for World Stock Market. I have been writing in the Politics section of the website for over five years, providing readers with up-to-date and insightful information about current events in politics. My work is widely read and respected by many industry professionals as well as laymen.