Brazil has become the sixth-biggest economy in the world, the country's finance minister has said. Brazil 'overtakes UK's economy' http://www.bbc.co.uk/news/business-17272716 The Latin American nation's economy grew 2.7% last year, official figures show, more than the UK's 0.8% growth. The National Institute of Economic and Social Research (NIESR) and other economic forecasters also said that Brazil had now overtaken the UK. The Brazilian economy is now worth $2.5tn (£1.6tn), according to Finance Minister Guido Mantega. In 2010, the Brazilian economy was worth $2.09tn, compared with the UK's $2.25tn total output, in current US dollars, according to the International Monetary Fund. However, according to NIESR, using the IMF's figures at current exchange rates, Brazil's economy is now $2.52tn and the UK's is $2.48tn. The Centre for Economics and Business Research has also said that Brazil's economy has overtaken the UK's. <img src="http://news.bbcimg.co.uk/media/images/58903000/jpg/_58903848_brazil-oil.jpg">