In April 2021, Brazil reached a new record of deaths due to COVID-19 in a day, with more than 4,200 thousand fatalities reported within 24 hours. That same month, the country's gross domestic product (GDP) was expected to increase by 3.17 percent during the year, down from a growth of nearly 3.5 percent forecast two months earlier. Since then, expectations have improved, with a forecast growth of 5.27 percent as of the third week of July.By December 2020, Brazil's GDP was forecast to decrease by 4.4 percent during 2020, an improvement in comparison to the 6.5 percent decrease forecast by the beginning of July. This figure, which had remained stable at a 2.3 percent forecast growth during the first months of the year, decreased for five consecutive months amidst the outbreak of COVID-19 in Brazil. For further information about the coronavirus (COVID-19) pandemic, please visit our dedicated Facts and Figures page.

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.

In Brazil, from the total national wealth share in 2021, nearly 80 percent belonged to the top ten percent. Almost half of Brazil's wealth was held by top one percent. On the other hand, the bottom 50 percent had a total of -0.4 percent, that is, on average, this group had more debts than assets. That year, the average personal wealth of the bottom 50 percent was valued at -300 euros.

The Gross Domestic Product (GDP) in Brazil expanded 0.40 percent in the second quarter of 2025 over the previous quarter. This dataset provides - Brazil GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

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.

Brazil BR: GDP: % of Manufacturing: Medium and High Tech Industry data was reported at 31.338 % in 2022. This stayed constant from the previous number of 31.338 % for 2021. Brazil BR: GDP: % of Manufacturing: Medium and High Tech Industry data is updated yearly, averaging 35.340 % from Dec 1990 (Median) to 2022, with 33 observations. The data reached an all-time high of 51.022 % in 1995 and a record low of 30.403 % in 2020. Brazil BR: GDP: % of Manufacturing: Medium and High Tech Industry data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Brazil – Table BR.World Bank.WDI: Gross Domestic Product: Share of GDP. The proportion of medium and high-tech industry value added in total value added of manufacturing;United Nations Industrial Development Organization (UNIDO), Competitive Industrial Performance (CIP) database;;

From 2010 to 2018, Rio de Janeiro's GDP consistently increased, achieving its highest level at over 363 billion Brazilian reals. From 2018 to 2020 however, the GDP of the Brazilian city went into decline, with the value falling to just over 331 billion Brazilian reals in 2020. In 2021, Rio's GDP increased again, to nearly 360 billion Reals.

Key information about Brazil GDP Per Capita

• Brazil Gross Domestic Product (GDP) per Capita reached 7,732.460 USD in Dec 2021, compared with 6,968.070 USD in Dec 2020.
• Brazil GDP Per Capita data is updated yearly, available from Dec 1962 to Dec 2021, with an average number of 2,818.475 USD.
• The data reached an all-time high of 13,298.230 USD in Dec 2011 and a record low of 270.480 in Dec 1962.
• CEIC extends history for annual GDP per Capita. The Central Bank of Brazil provides GDP per Capita in USD based on Census 2010. GDP per Capita prior to 1996 is based on Census 2000.

• In the latest reports, Brazil GDP expanded 3.628 % YoY in Sep 2022.
• Brazil Nominal GDP reached 483.512 USD bn in Sep 2022.
• Its GDP deflator (implicit price deflator) increased 8.927 % in Sep 2022.
• Gross Savings Rate of Brazil was measured at 16.868 % in Sep 2022.

Brazil: Financial institutions development, depth: The latest value from 2021 is 0.509 index points, a decline from 0.512 index points in 2020. In comparison, the world average is 0.291 index points, based on data from 175 countries. Historically, the average for Brazil from 1980 to 2021 is 0.361 index points. The minimum value, 0.116 index points, was reached in 1987 while the maximum of 0.581 index points was recorded in 1993.

In 2024, it was possible to buy almost 20 kilograms of picanha with the minimum wage in Brazil. Both the highest and lowest purchasing capacity occurred during Bolsonaro's presidency, where in 2019 it was possible to buy 23 kilograms, while in 2021 it was only possible to buy 16.5 kilograms.

Brazil: Liquid liabilities, percent of GDP: The latest value from 2021 is 98.9 percent, a decline from 105.73 percent in 2020. In comparison, the world average is 82.43 percent, based on data from 134 countries. Historically, the average for Brazil from 1960 to 2021 is 42.86 percent. The minimum value, 10.47 percent, was reached in 1982 while the maximum of 111.33 percent was recorded in 1989.

Brazil: Bank assets, percent of GDP: The latest value from 2021 is 125.82 percent, a decline from 131.72 percent in 2020. In comparison, the world average is 71.17 percent, based on data from 140 countries. Historically, the average for Brazil from 1960 to 2021 is 65.49 percent. The minimum value, 8.92 percent, was reached in 1966 while the maximum of 188.04 percent was recorded in 1989.

Exports of Primary Products in Brazil increased to 12337.31 USD Million in December from 10060.21 USD Million in November of 2021. This dataset includes a chart with historical data for Brazil Exports of : Primary Products.

Brazil BR: GDP: % of Manufacturing: Textiles and Clothing data was reported at 4.499 % in 2021. This records a decrease from the previous number of 4.629 % for 2020. Brazil BR: GDP: % of Manufacturing: Textiles and Clothing data is updated yearly, averaging 6.394 % from Dec 2007 (Median) to 2021, with 15 observations. The data reached an all-time high of 7.089 % in 2012 and a record low of 4.499 % in 2021. Brazil BR: GDP: % of Manufacturing: Textiles and Clothing data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Brazil – Table BR.World Bank.WDI: Gross Domestic Product: Share of GDP. Value added in manufacturing is the sum of gross output less the value of intermediate inputs used in production for industries classified in ISIC major division D. Textiles and clothing correspond to ISIC divisions 17-19.;United Nations Industrial Development Organization, International Yearbook of Industrial Statistics.;;

New Covid tests per month in Brazil, September, 2021 The most recent value is 3787260 new Covid tests as of September 2021, an increase compared to the previous value of 2239698 new Covid tests. Historically, the average for Brazil from April 2020 to September 2021 is 4641320 new Covid tests. The minimum of 436538 new Covid tests was recorded in April 2020, while the maximum of 20400000 new Covid tests was reached in October 2020. | TheGlobalEconomy.com

Brazil: Revenue minus production cost of oil, percent of GDP: The latest value from 2021 is 2.6 percent, an increase from 1.08 percent in 2020. In comparison, the world average is 2.69 percent, based on data from 181 countries. Historically, the average for Brazil from 1970 to 2021 is 1.07 percent. The minimum value, 0.06 percent, was reached in 1970 while the maximum of 2.6 percent was recorded in 2021.

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.

Brazil: Financial openness index: The latest value from 2021 is -1.242 index points, unchanged from -1.242 index points in 2020. In comparison, the world average is 0.322 index points, based on data from 176 countries. Historically, the average for Brazil from 1970 to 2021 is -1.295 index points. The minimum value, -1.931 index points, was reached in 1970 while the maximum of 0.34 index points was recorded in 2006.

In 2021, the contribution of the travel and tourism to the gross domestic product (GDP) in Brazil increased by nearly one percentage point after having dropped as a consecuence of the coronavirus (COVID-19) pandemic in 2020.

Brazil GDP: Monthly Volume Index: Value Added at Basic Prices: Agriculture data was reported at 167.800 Index in Oct 2021. This records an increase from the previous number of 156.900 Index for Sep 2021. Brazil GDP: Monthly Volume Index: Value Added at Basic Prices: Agriculture data is updated monthly, averaging 164.900 Index from Jan 2000 to Oct 2021, with 262 observations. The data reached an all-time high of 435.300 Index in Mar 2021 and a record low of 79.163 Index in Oct 2000. Brazil GDP: Monthly Volume Index: Value Added at Basic Prices: Agriculture data remains active status in CEIC and is reported by Getulio Vargas Foundation. The data is categorized under Brazil Premium Database’s National Accounts – Table BR.AB003: Gross Domestic Product: Volume Index.