The gross domestic product (GDP) in current prices in Brazil was about 2.17 trillion U.S. dollars in 2024. From 1980 to 2024, the GDP rose by approximately 2.03 trillion U.S. dollars, though the increase followed an uneven trajectory rather than a consistent upward trend. Between 2024 and 2030, the GDP will rise by around 508.23 billion U.S. dollars, showing an overall upward trend with periodic ups and downs.This indicator describes the gross domestic product at current prices. The values are based upon the GDP in national currency converted to U.S. dollars using market exchange rates (yearly average). The GDP represents the total value of final goods and services produced during a year.

The statistic shows gross domestic product (GDP) in Brazil from 1987 to 2024, with projections up until 2030. Gross domestic product denotes the aggregate value of all services and goods produced within a country in any given year. GDP is an important indicator of a country's economic power. In 2024, Brazil's gross domestic product amounted to around 2.17 trillion U.S. dollars. In comparison to the GDP of the other BRIC countries India, Russia and China, Brazil was ranked third that year. Brazil's national finances Brazil is one of the fastest growing economies in the world and the largest amongst all Latin American countries. Brazil is also a member of multiple economic organizations such as the G20 as well as one of the four countries in the BRIC economies, which consist of Brazil, Russia, India and China. Despite having one of the lower populations out of the four countries, Brazil maintained a relatively stable dollar value of all goods and services produced within the country in comparison to India, for example. This indicates that unemployment is low and in general business demand within the country has become relatively high. Spending within the country has been relatively high, however is considered to be normal, especially for developing countries. It is expected that developing economies have a budget deficit of roughly 3 percent, primarily because spending is needed in order to fuel an economy at most times. However, most Brazilians still have faith in their country’s economic future and still believe that their own personal financial situation will improve along with the country’s economic position in the world.

The Gross Domestic Product (GDP) in Brazil was worth 2179.41 billion US dollars in 2024, according to official data from the World Bank. The GDP value of Brazil represents 2.05 percent of the world economy. This dataset provides the latest reported value for - Brazil GDP - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The gross domestic product (GDP) by fiscal year in Brazil was estimated at approximately 2.35 trillion U.S. dollars in 2024. Following a continuous upward trend, the GDP has risen by around 2.35 trillion U.S. dollars since 1990. Between 2024 and 2030, the GDP will rise by around 954.76 billion U.S. dollars, continuing its consistent upward trajectory.

In 2024, Brazil and Mexico were expected to be the countries with the largest gross domestic product (GDP) in Latin America and the Caribbean. In that year, Brazil's GDP could reach an estimated value of 2.4 trillion U.S. dollars, whereas Mexico's amounted to almost two trillion U.S. dollars. GDP is the total value of all goods and services produced in a country in a given year. It measures the economic strength of a country and a positive change indicates economic growth.

In 2025, the United States had the largest economy in the world, with a gross domestic product of over 30 trillion U.S. dollars. China had the second largest economy, at around 19.23 trillion U.S. dollars. Recent adjustments in the list have seen Germany's economy overtake Japan's to become the third-largest in the world in 2023, while Brazil's economy moved ahead of Russia's in 2024. Global gross domestic product Global gross domestic product amounts to almost 110 trillion U.S. dollars, with the United States making up more than one-quarter of this figure alone. The 12 largest economies in the world include all Group of Seven (G7) economies, as well as the four largest BRICS economies. The U.S. has consistently had the world's largest economy since the interwar period, and while previous reports estimated it would be overtaken by China in the 2020s, more recent projections estimate the U.S. economy will remain the largest by a considerable margin going into the 2030s.The gross domestic product of a country is calculated by taking spending and trade into account, to show how much the country can produce in a certain amount of time, usually per year. It represents the value of all goods and services produced during that year. Those countries considered to have emerging or developing economies account for almost 60 percent of global gross domestic product, while advanced economies make up over 40 percent.

This statistic shows the national debt of Brazil from 2020 to 2023 in relation to the gross domestic product (GDP), with projections up until 2030. The figures refer to the whole country and include the debts of the state, the communities, the municipalities and the social insurances. In 2023, the national debt of Brazil amounted to approximately 84 percent of the GDP. Brazil's economy Brazil has one of the largest economies in the world by gross domestic product ) and Purchasing Power Parity. In 2014, the Brazil's gross domestic product amounted to around 2.24 trillion U.S. dollars. However, it is estimated that by 2030, Brazil will have the fourth highest gross domestic product in the world. In 2014, the United States reported the largest gross domestic product worldwide. However, the estimated national debt of the United States in 2014 was over 105 percent of the gross domestic product, while the estimated national debt of Brazil was approximately 66 percent the same year. Even though the national debt of Brazil has slightly decreased over the last decade, it still remains relatively high. A country's national debt refers to the whole country and includes the debts of the state, the communities, the municipalities and the social insurances. In Brazil, the high national debt is also due to country's trade deficit. In 2013, Brazil’s trade deficit amounted to an estimated 3.3 percent of the GDP, adding up to approximately 8.3 billion U.S. dollars in total.

In 2017, Brazil’s gross domestic product reached 2.05 billion U.S. dollars, 63 percent of which came from the services sector. The service sector consists of the provision of services both to other businesses and to final consumers, and the service sector often encompasses transportation, distribution, and sale of goods.

Brazil’s position in the global economy

Nations with economies built on the service sector are considered more advanced than industrial or agricultural economies, and indeed, Brazil is considered an advanced emerging economy with the largest share of wealth in Latin America. Brazil has the eighth largest GDP in the world and is one of the BRICS states (Brazil, Russia, India, China, and South Africa) — certain countries with strong economic development and rising influence on regional affairs.

Brazil’s economic strengths and challenges

Brazil is also known for its agriculture and food production, with its main products including soybeans, beef, and coffee. As of 2018, Brazil is the leading producer of coffee, at over 61 thousand 60 kilogram bags. The country has an estimated 21.8 trillion U.S. dollars of natural resource commodities, including, gold, iron, oil, and timber. However,retrieving them often happens at the expense of the environment, including ongoing deforestation in the Amazon Basin, which contains the largest rainforest in the world.

According to Cognitive Market Research, the Global Corrosion Inhibitors Market Size will be USD XX Billion in 2023 and is set to achieve a market size of USD XX Billion by the end of 2031 growing at a CAGR of XX% from 2024 to 2031.

The global Corrosion Inhibitors Market will expand significantly by XX% CAGR between 2024 and 2031.
Based on Type, water-based corrosion inhibitors dominated the global Corrosion Inhibitors market in the year 2023. Based on type, the market is divided into water-based and oil based and Volatile Corrosion Inhibitors. The zinc segment dominated the market. 
Based on Product, the organic segment dominates the size segment of the Corrosion Inhibitors Market in the year 2023. Based on product, the market is classified into organic corrosion inhibitors, inorganic corrosion inhibitors, and hybrid corrosion inhibitors.
The application segment of the global Corrosion Inhibitors market is dominated by the Water Treatment segment. Based on application, the global Corrosion Inhibitors market is segmented into oil and gas, power generation, metals processing, and others
Based on End-users, the Oil and Gas segment dominates the size segment of the Corrosion Inhibitors Market in the year 2023. Based on end-users, the market is classified into Oil and Gas, Power generation, chemicals, metal processing, and others. 
Then North American region accounted for the highest market share in the Global Corrosion Inhibitors Market. 
Over the course of the projection period Asia Pacific is expected to increase at the fastest rate.

CURRENT SCENARIO OF THE CORROSION INHIBITORS MARKET

Key factors driving the Growth of Corrosion Inhibitors Market

Increasing Industrialization in Developing Economies to Encourage Corrosion Inhibitors 

Infrastructure development is anticipated to support industrial activity and support economic growth in economies like Brazil, South Korea, China, India, and Brazil. The demand for fuel, energy, clean water, transportation, and construction-related infrastructure expansion is anticipated to drive the market for corrosion inhibitors in the next years.

According to Oxford Economics, global infrastructure spending is predicted to reach US$ 94 trillion by 2040, and an extra US$ 3.4 trillion would be needed to meet the Sustainable Development Goals for water and power set forth by the UN.

According to the World Bank, emerging economies need to spend about 4.5% of GDP to achieve sustainable development. Infrastructural growth related to electricity demand, clean water demand, fuel demand, transportation demand, and construction demand are expected to boost the market for corrosion inhibitors in the next five years. (Source:https://www.worldbank.org/en/news/press-release/2019/02/19/price-tag-for-sustainable-infrastructure-spending-in-developing-countries-is-45-of-gdp)

According to a report by Oxford Economics, the nations of Asia Pacific—China, India, Indonesia, Malaysia, the Philippines, Thailand, and Vietnam—will have some of the quickest rates of growth for infrastructure investment. Emerging economies are now using more industrial water as a result of this. This gives producers the chance to provide a broad selection of corrosion inhibitors to different specialised applications in order to shield them from corrosion.

Increasing Demand for Treated Water in various End-Use Segments to drive market growth

Water resources for home and industrial use are scarce, with freshwater resources making up only 2.5 percent of the world's total water resources. Water is becoming more and more scarce, thus recycling it effectively is required. This can be done by purifying the water.

Globally, the market for corrosion inhibitors is expanding quickly in the water treatment industry. The majority of consumers of corrosion inhibitors are industrial firms, who also want more potent inhibitors to cut down on equipment repair downtime.

Rising demand from emerging countries in particular has resulted in a surge in the need for corrosion inhibitors in a variety of industries, including pulp and paper, chemical processing, oil and gas, petroleum, and metals to prevent corrosion. The largest application of corrosion inhibitors in the water treatment process is in the cooling water to shield the metal machinery from the water flow.

The largest market for corrosion inhibitors is the water treatment sector. Actually...

In 2023, services contributed around 58.42 percent to South Korea's gross domestic product (GDP), while 31.59 percent came from South Korea’s industry sector, and a little less than two percent of South Korea’s GDP was generated by the country’s agriculture sector. South Korea’s services sector employed over 70 percent of the South Koreans workforce in 2018 . South Korea’s workforce Much of the over 51 million inhabitants of South Korea are employed, and the unemployment rate is expected to remain under four percent through 2024. South Korea is experiencing the effects of an aging labor force, with a decrease in population share of people entering the work force, and a simultaneous increase of the number of those aged 65 years and above. Despite that, the country’s economy has remained a powerhouse, growing at around 2.5 percent from 2018 to 2019. The South Korean economy South Korea is known as an economic success story; it rose from one of the poorest countries before the 1960’s to a developed country with a high income level. Overall, South Korea’s total GDP was estimated to be approximately 1.7 trillion U.S. dollars in 2019, and is expected to continue to increase through 2024. South Korea is considered to be one of the core economies driving the next generation of economic growth, alongside the BRIC countries (Brazil, Russia, India, and China).