Countries
Brazil
Key Economic Indicators
$4.74 trillion
$22,338
3.42%
4.37%
5.97%
$2.179 trillion (2024 est.)
82 % of GDP
$-66,168,310,204
Economic Overview
<p>upper-middle-income, largest Latin American economy; Mercosur, BRICS, G20 member and OECD accession candidate; growth driven by strong domestic consumption; monetary tightening helping curb inflation rate; high inequality in income and access to health and education</p>
All Economic Data
Agricultural products
sugarcane, soybeans, maize, milk, cassava, oranges, chicken, beef, rice, wheat (2023)
note:
<b>note:</b> top ten agricultural products based on tonnage
Average household expenditures
On alcohol and tobacco:
1.7% of household expenditures (2023 est.)
On food:
16.2% of household expenditures (2023 est.)
Budget
Expenditures:
$706.816 billion (2023 est.)
Note:
<b>note:</b> central government revenues (excluding grants) and expenditures converted to US dollars at average official exchange rate for year indicated
Revenues:
$556.303 billion (2023 est.)
Currency
code:
BRL
name:
Brazilian real (BRL) [R$]
Current account balance
$-66,168,310,204
Current account balance 2022:
-$42.157 billion (2022 est.)
Current account balance 2023:
-$27.933 billion (2023 est.)
Current account balance 2024:
-$61.194 billion (2024 est.)
Note:
<b>note:</b> balance of payments - net trade and primary/secondary income in current dollars
Debt - external
$605.46 billion
Debt - external 2023:
$198.582 billion (2023 est.)
Note:
<b>note:</b> present value of external debt in current US dollars
Exchange rates
Currency:
reals (BRL) per US dollar -
Exchange rates 2020:
5.155 (2020 est.)
Exchange rates 2021:
5.394 (2021 est.)
Exchange rates 2022:
5.164 (2022 est.)
Exchange rates 2023:
4.994 (2023 est.)
Exchange rates 2024:
5.389 (2024 est.)
Exports
$392.11 billion
Exports 2022:
$380.492 billion (2022 est.)
Exports 2023:
$389.192 billion (2023 est.)
Exports 2024:
$388.333 billion (2024 est.)
Note:
<b>note:</b> balance of payments - exports of goods and services in current dollars
Exports - commodities
soybeans, crude petroleum, iron ore, raw sugar, corn (2023)
note:
<b>note:</b> top five export commodities based on value in dollars
Exports - partners
China 30%, USA 10%, Argentina 5%, Netherlands 3%, Chile 2% (2023)
note:
<b>note:</b> top five export partners based on percentage share of exports
Foreign direct investment
net inflows:
$74.09 billion
GDP - composition, by end use
Exports of goods and services:
18% (2024 est.)
Government consumption:
18.8% (2024 est.)
Household consumption:
63.8% (2024 est.)
Imports of goods and services:
-17.5% (2024 est.)
Investment in fixed capital:
17% (2024 est.)
Investment in inventories:
-0.1% (2024 est.)
Note:
<b>note:</b> figures may not total 100% due to rounding or gaps in data collection
GDP - composition, by sector of origin
Agriculture:
5.6% (2024 est.)
Industry:
21.3% (2024 est.)
Note:
<b>note:</b> figures may not total 100% due to non-allocated consumption not captured in sector-reported data
Services:
59.3% (2024 est.)
GDP (official exchange rate)
$2.179 trillion (2024 est.)
note:
<b>note:</b> data in current dollars at official exchange rate
GDP per capita (nominal)
$10,311
Gini Index coefficient - distribution of family income
53.4 (2019)
Gini Index coefficient - distribution of family income 2023:
51.6 (2023 est.)
Note:
<b>note:</b> index (0-100) of income distribution; higher values represent greater inequality
GNI (gross national income)
$2.11 trillion
GNI per capita
$9,930
Gross domestic investment
17 % of GDP
Household income or consumption by percentage share
Highest 10%:
40.8% (2023 est.)
Lowest 10%:
1.3% (2023 est.)
Note:
<b>note:</b> % share of income accruing to lowest and highest 10% of population
Imports
$385.71 billion
Imports 2022:
$369.861 billion (2022 est.)
Imports 2023:
$340.195 billion (2023 est.)
Imports 2024:
$377.05 billion (2024 est.)
Note:
<b>note:</b> balance of payments - imports of goods and services in current dollars
Imports - commodities
refined petroleum, fertilizers, crude petroleum, vehicle parts/accessories, gas turbines (2023)
note:
<b>note:</b> top five import commodities based on value in dollars
Imports - partners
China 23%, USA 16%, Germany 5%, Argentina 5%, Russia 4% (2023)
note:
<b>note:</b> top five import partners based on percentage share of imports
Industrial production growth rate
3.3% (2024 est.)
note:
<b>note:</b> annual % change in industrial value added based on constant local currency
Industries
textiles, shoes, chemicals, cement, lumber, iron ore, tin, steel, aircraft, motor vehicles and parts, other machinery and equipment
Inflation rate (consumer prices)
4.37%
Inflation rate (consumer prices) 2022:
9.3% (2022 est.)
Inflation rate (consumer prices) 2023:
4.6% (2023 est.)
Inflation rate (consumer prices) 2024:
4.4% (2024 est.)
Note:
<b>note:</b> annual % change based on consumer prices
Labor force
106.79 million (2024 est.)
note:
<b>note:</b> number of people ages 15 or older who are employed or seeking work
total:
108.32 million persons
Labor force - by occupation
agriculture:
7.63%
industry:
20.21%
services:
72.16%
Population below poverty line
4.2% (2016 est.)
note:
<strong>note:</strong> approximately 4% of the population are below the "extreme" poverty line
Public debt
82 % of GDP
Note:
<b>note:</b> central government debt as a % of GDP
Public debt 2023:
83% of GDP (2023 est.)
Real GDP (purchasing power parity)
$4.74 trillion
Note:
<b>note:</b> data in 2021 dollars
Real GDP (purchasing power parity) 2022:
$3.902 trillion (2022 est.)
Real GDP (purchasing power parity) 2023:
$4.029 trillion (2023 est.)
Real GDP (purchasing power parity) 2024:
$4.165 trillion (2024 est.)
Real GDP growth rate
3.42%
Note:
<b>note:</b> annual GDP % growth based on constant local currency
Real GDP growth rate 2022:
3% (2022 est.)
Real GDP growth rate 2023:
3.2% (2023 est.)
Real GDP growth rate 2024:
3.4% (2024 est.)
Real GDP per capita
$22,338
Note:
<b>note:</b> data in 2021 dollars
Real GDP per capita 2022:
$18,600 (2022 est.)
Real GDP per capita 2023:
$19,100 (2023 est.)
Real GDP per capita 2024:
$19,600 (2024 est.)
Remittances
$4.9 billion
Note:
<b>note:</b> personal transfers and compensation between resident and non-resident individuals/households/entities
Remittances 2022:
0.3% of GDP (2022 est.)
Remittances 2023:
0.2% of GDP (2023 est.)
Remittances 2024:
0.2% of GDP (2024 est.)
Reserves of foreign exchange and gold
$329.73 billion
Note:
<b>note:</b> holdings of gold (year-end prices)/foreign exchange/special drawing rights in current dollars
Reserves of foreign exchange and gold 2022:
$324.673 billion (2022 est.)
Reserves of foreign exchange and gold 2023:
$355.021 billion (2023 est.)
Reserves of foreign exchange and gold 2024:
$329.732 billion (2024 est.)
Revenue (excl grants)
26 % of GDP
Tax revenue
15 % of GDP
Taxes and other revenues
14% (of GDP) (2023 est.)
note:
<b>note:</b> central government tax revenue as a % of GDP
Unemployment rate
5.97%
Note:
<b>note:</b> % of labor force seeking employment
Unemployment rate 2022:
9.3% (2022 est.)
Unemployment rate 2023:
8% (2023 est.)
Unemployment rate 2024:
7.7% (2024 est.)
Youth unemployment rate (ages 15-24)
Female:
20.9% (2024 est.)
Male:
15.7% (2024 est.)
Note:
<b>note:</b> % of labor force ages 15-24 seeking employment
Total:
18% (2024 est.)
World Bank Indicators
Currency
Brazilian real (BRL) R$ (2025)
Exports (US$)
$392.11B (2024)
External Debt
$605.46B (2024)
FDI Net Inflows (US$)
$74.09B (2024)
GDP Growth (%)
3.42 (2024)
Gdp Nominal
$2,185.82B (2024)
GDP Per Capita
10,311 (2024)
Gini Index
53.40 (2019)
Govt Debt Pct Gdp
81.86 (2024)
Imports (US$)
$385.71B (2024)
Inflation Rate (%)
4.37 (2024)
Languages
Portuguese (2025)
Reserves
$329.73B (2024)
Unemployment Rate (%)
6.80 (2024)
Youth Unemployment
15.67 (2024)
Economic Rankings
External Debt
#3
GDP (PPP)
#7
GDP (Nominal)
#10
Reserves
#11
Gini Index
#11
Imports
#23
Exports
#24
Unemployment Rate
#48
GDP per Capita
#85
Inflation Rate
#85
GDP Growth Rate
#144
Quick Facts
Industries
textiles, shoes, chemicals, cement, lumber, iron ore, tin, steel, aircraft, motor vehicles and parts, other machinery and equipment
Agricultural products
sugarcane, soybeans, maize, milk, cassava, oranges, chicken, beef, rice, wheat (2023)
Labor force
106.79 million (2024 est.)
Exports - partners
China 30%, USA 10%, Argentina 5%, Netherlands 3%, Chile 2% (2023)
Imports - partners
China 23%, USA 16%, Germany 5%, Argentina 5%, Russia 4% (2023)
Exchange rates
reals (BRL) per US dollar -
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