Brazil: Economy
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Income Level (by per capita GNI) Source: The World Bank Possible values: High Income, Upper Middle Income, Lower Middle Income and Low Income |
Upper Middle Income |
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Level of Development
Source: United Nations Possible values: Developed, In Transition and Developing |
Developing |
| Economic Trivia | Brazil has the largest economy in South America. |
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Trade
Source: United Nations Comtrade Note: Top 3 trade partners are calculated by imports + exports. |
Top 3 Trade Partners (2021): China, United States, and Argentina |
| Top Industries Source: CIA World Factbook | Textiles; Shoes; Chemicals; Cement |
Gross Domestic Product (GDP) [1]
| GDP, PPP (current international) | $3,837,260,590,100 (2022) |
| GDP Growth Rate (annual %) | 2.901% (2022) |
| GDP Per Capita, PPP (current international) | $17,822 (2022) |
GDP Country Rank 8/197 (2022)
Economic Indicators [1]
| Inflation, consumer prices (annual %) | 9.28% (2022) |
| External debt stocks, total (DOD, current US$) | $606,484,605,481 (2021) |
| Total tax rate (% of commercial profits) | 65.1% (2019) |
| Real Interest Rate (5 year average %) | 28.737% (2022) |
| Manufacturing, value added (% of GDP) | 11.122% (2022) |
| Current Account Balance (BoP, current US$) | ($56,997,407,566) (2022) |
Labor and Employment [1]
| Labor Force, Total | 108,380,011 (2022) |
| Employment in Agriculture (% of total employment) | 9.689% (2021) |
| Employment in Industry (% of total employment) | 20.633% (2021) |
| Employment in Services (% of total employment) | 69.678% (2021) |
| Unemployment Rate | 9.461% (2022) |
Trade [1]
| Imports of goods and services (current US$) | $370,471,985,737 (2022) |
| Exports of goods and services (current US$) | $384,893,485,436 (2022) |
| Total Merchandise Trade (% of GDP) | 32.622% (2022) |
| FDI, net inflows (BoP, current US$) | $91,502,103,578 (2022) |
| Commercial Service Exports (current US$) | $38,722,756,825 (2022) |
Economic Snapshot [1]
Note: Percentile ranks are calculated using the latest available data for all countries within the last 5 years.
How to interpret the graph: The purpose of this graph is to take a snapshot of a country’s economy in comparison to other economies. For example, Brazil’s Exports rank is higher than (please wait...) of the countries in the dataset. For Exports, FDI and GDP measures, a higher rank (closer to 100%) indicates a stronger economy. Conversely, for Unemployment and Inflation, a lower rank (closer to 0%) indicates a stronger economy.