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The Gross Domestic Product per capita in Brazil was last recorded at 9564.58 US dollars in 2024. The GDP per Capita in Brazil is equivalent to 76 percent of the world's average. This dataset provides - Brazil GDP per capita - actual values, historical data, forecast, chart, statistics, economic calendar and news.
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Key information about Brazil GDP Per Capita
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The Gross Domestic Product per capita in Brazil was last recorded at 19647.91 US dollars in 2024, when adjusted by purchasing power parity (PPP). The GDP per Capita, in Brazil, when adjusted by Purchasing Power Parity is equivalent to 111 percent of the world's average. This dataset provides - Brazil GDP per capita PPP - actual values, historical data, forecast, chart, statistics, economic calendar and news.
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TwitterIn 2021, the BRICS countries with the highest estimated GDP per capita were Russia and China, with between 12,000 and 13,000 U.S. dollars per person. Brazil and South Africa's GDP per capita are thought to be closer to the 7,000 mark, while India's GDP per capita is just over 2,000 U.S. dollars. This a significant contrast to figures for overall GDP, where China has the largest economy by a significant margin, while India's is the second largest. The reason for this disparity is due to population size. For example, both China's population and overall GDP are roughly 10 times larger than those of Russia, which results in them having a comparable GDP per capita. Additionally, India's population is 23 times larger than South Africa's, but it's GDP is just seven times larger; this results in South Africa having a higher GDP per capita than India, despite it being the smallest of the BRICS economies.
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TwitterIn 2023, Puerto Rico and The Bahamas were the states with the highest gross domestic product (GDP) per capita in Latin America and the Caribbean. The average GDP generated per person in the Bahamas amounted to 34,749 U.S. dollars, whereas the average wealth created per capita in Puerto Rico was estimated at around 34,749 U.S. dollars. In that same year, this region's lowest GDP per capita was that of Haiti, at less than 1,693 U.S. dollars per person per year. The largest economies in Latin America
GDP is the total value of all goods and services produced in a country in a year. It is an important indicator to measure the economic strength of a country and the average wealth of its population. By far, the two largest economies in the region are Brazil and Mexico, both registering GDPs three times bigger than the third place, Argentina. Nonetheless, they are the two most populated countries by a great margin.
Key economic indicators of Latin America
Latin America emerges as an important region in the world economy, as of 2023, around 7.3 percent of the global GDP, a similar share to the Middle East. Nevertheless, the economic development of most of its countries has been heavily affected by other factors, such as corruption, inequality, inflation, or crime and violence. Countries such as Venezuela, Suriname, and Argentina are constantly ranking among the highest inflation rates in the world. While Jamaica, Ecuador, and Haiti rank as some of the most crime-ridden states.
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TwitterGuyana was the South American country 20360the highest gross national income per capita, with 20,360 U.S. dollars per person in 2023. Uruguay ranked second, registering a GNI of 19,530 U.S. dollars per person, based on current prices. Gross national income (GNI) is the aggregated sum of the value added by residents in an economy, plus net taxes (minus subsidies) and net receipts of primary income from abroad. Which are the largest Latin American economies? Based on annual gross domestic product, which is the total amount of goods and services produced in a country per year, Brazil leads the regional ranking, followed by Mexico, Argentina, and Chile. Many Caribbean countries and territories hold the highest GDP per capita in this region, measurement that reflects how GDP would be divided if it was perfectly equally distributed among the population. GNI per capita is, however, a more exact calculation of wealth than GDP per capita, as it takes into consideration taxes paid and income receipts from abroad. How much inequality is there in Latin America? In many Latin American countries, more than half the total wealth created in their economies is held by the richest 20 percent of the population. When a small share of the population concentrates most of the wealth, millions of people don't have enough to make ends meet. For instance, in Brazil, about 5.32 percent of the population lives on less than 3.2 U.S. dollars per day.
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Key information about Brazil Investment: % of GDP
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TwitterThe 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.
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The Gross Domestic Product per capita in Brazil was last recorded at 9564.58 US dollars in 2024. The GDP per Capita in Brazil is equivalent to 76 percent of the world's average. This dataset provides - Brazil GDP per capita - actual values, historical data, forecast, chart, statistics, economic calendar and news.