Brazil/Economy

Economy of Brazil

An overview of key economic indicators. Select a category for detailed trends, charts, and insights.

Explore Economic Domains

Growth & Output

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GDP (USD)
$2.2T(2023)
GDP PPP (USD)
$4.5T(2023)
GDP per Capita (USD)
$10,295(2023)
GDP Growth (inflation-adjusted)
2.9%(2023)
Inflation (CPI Annual %)
4.4%(2024)

Trade & Finance

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Exports (as share of GDP)
18.1%(2023)
Imports (as share of GDP)
15.7%(2023)
FDI Inflows (as share of GDP)
2.9%(2023)
Remittance Inflow (USD)
$4.9B(2024)
Tax Revenue (as share of GDP)
14.2%(2023)

Labor & Income

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Unemployment Rate
7.6%(2024)
Employment in Services
71.6%(2023)
GINI Index
51.6(2023)
GNI per Capita (USD)
$9,280(2023)

Energy & Environment

Coming Soon
Energy Use per Capita
1477 kg oil eq.(2023)
Renewable Energy Consumption (%)
46.5%(2021)

Economic Snapshot Overview

A summary of key economic indicators for Brazil

  • The economic architecture of Brazil is substantial, anchored by a Gross Domestic Product (GDP) of approximately $2.17T
    2023
    . This places it as the 9th largest economy out of 191 countries measured, underscoring its significance on the world stage. On a per capita basis, GDP stands at $10.29K
    2023
    , while its GDP in Purchasing Power Parity (PPP) terms is estimated at $4.46T, reflecting the population's domestic purchasing power. The economy demonstrates solid growth, expanding at a rate of 2.9%
    2023
    , while managing moderate inflation, with a CPI of 4.4%
    2024
    .
  • On the global stage, the nation's trade and financial dynamics reveal a complex interplay of factors. The country maintains a strong trade surplus, with exports representing 18.1% of GDP and imports 15.7%
    2023
    . Foreign Direct Investment (FDI) inflows are significant, constituting 2.87% of the economy
    2023
    . This performance positions the country 66th globally out of 186 nations, indicating its relative attractiveness to foreign capital. Additionally, personal remittances received amount to a substantial $4.9B annually
    2024
    , highlighting the economic importance of its diaspora. The government faces fiscal constraints, with tax revenue representing only 14.2% of GDP
    2023
    .
  • The socio-economic landscape is characterized by a Gross National Income (GNI) per capita of $9,280
    2023
    . Globally, this ranks the nation 79th out of 190 in terms of GNI per capita, providing a clear measure of its national wealth relative to others. The labor market is stable, with unemployment at 7.6%
    2024
    . The services sector is a primary driver of the labor market, accounting for 71.6% of total employment
    2023
    . Income inequality is a major concern, as reflected by a high Gini index of 51.6
    2023
    .
  • On the environment and energy front, energy consumption per capita is 1,477.285 kg of oil equivalent
    2023
    . The country is a leader in clean energy, with renewable sources making up 46.5% of total final energy consumption
    2021
    . Its commitment to clean energy places it 138th among 190 countries for its share of renewable energy consumption.

Key Economic Insights

Macroeconomic Health

Maintaining a balance between growth, inflation, and employment is the central challenge for economic policymakers.

Trade & Investment Profile

The economy is primarily driven by domestic demand, with limited exposure to global trade fluctuations but also fewer opportunities for export-led growth.

Social Equity & Distribution

Distributing the benefits of economic growth equitably is crucial for social cohesion and long-term stability.

Energy & Sustainability

A strong commitment to renewable energy positions the country as a leader in the green transition, potentially creating new economic advantages.

More About This Country

Neighbors & Regional Peers

Note: The information on this page has been compiled from authoritative sources. While every effort is made to ensure accuracy, please note that some figures may not be current or entirely precise.