Gross domestic product (GDP) in Brazil 2024

The statistic shows gross domestic product (GDP) in Brazil from 1984 to 2018, with projections up until 2024. 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 2018, Brazil's gross domestic product amounted to around 1.87 trillion U.S. dollars. In comparison to the GDP of the other BRIC countries India, Russia and China, Brazil was ranked second 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: Gross domestic product (GDP) in current prices from 1984 to 2024

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Source

Release date

April 2019

Region

Brazil

Survey time period

1984 to 2018

Supplementary notes

* Estimate.

Figures have been rounded up to facilitate the comprehension of the statistic.

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Statistics on "Economic Outlook Brazil"

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