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Indicators of economy in Brazil

The essential economic performance of a country is reflected by the gross domestic product, the total of all goods and services sold. Worldwide gross domestic product in 2021 was at about 12,230 USD per capita. GDP in Brazil, on the other hand, reached USD 7,507 per capita, or 1.609 trillion USD for the whole country. Brazil is therefore one of the world's largest economies and is currently at rank 12. If this is calculated per inhabitant, taking purchasing power parity into account, then Brazil ranks 87th in the list of the richest countries.

Inflation in Brazil in 2021 was around 8.30%. Within the EU, the average in the same year was 2.55 percent. In the United States, it was most recently 4.70%.

Compared with the USA, prices for daily consumer goods are around 53.1 percent lower.
The index for perceived corruption in the public sector is 38, which is below average by global standards.


Back to overview: Brazil

Impact of the COVID-19 pandemic

The consequences of the COVID pandemic in 2020 were considerable in Brazil. Overall, gross domestic product in 2020 fell from 1.873 trillion US dollars to 1.449 trillion US dollars. With a large drop of 22.67 percent, the economy in Brazil has struggled significantly more than other countries. The tourism sector alone slumped by around 49 percent. The unemployment rate rose from 11.9 to 13.7 percent. The inflation rate fell from 3.7 percent previously to 3.2 percent by the end of 2020.

Unemployment rates in percentages 1991 - 2021

Economic performance 2021

 Brazil
Total
Brazil
per capita
EU
Total
EU
per capita
GDP1.609 tn USD7,507.16 USD17.177 tn USD33,384.92 USD
Gross national product1.659 tn USD7,738.67 USD16.895 tn USD32,835.37 USD


Brazil ranked 46th in the Bloomberg Innovation Index in 2021. The index is calculated annually and most recently included 60 countries. The front-runner was South Korea. Out of the 2,000 largest listed companies in the world, 23 originate from Brazil. This is determined annually in the Forbes Global 2000 list. The 10 largest companies in the country in 2022 were:

Rank 65: Petrobras (Rio de Janeiro)
Rank 118: Vale (Rio de Janeiro)
Rank 138: Itaú Unibanco Holding (São Paulo)
Rank 182: Banco Bradesco (Osasco)
Rank 268: Banco do Brasil (Brasília)
Rank 401: JBS (Vila Jaguara)
Rank 774: Banco Btg Pactual (Rio de Janeiro)
Rank 953: Braskem (Butanta)
Rank 962: Gerdau (Cosigua) (São Paulo)
Rank 992: Suzano Papel e Celulose (Salvador)

Development of gross domestic product in billions of USD 1960 - 2021



Imports and Exports 2021

 Brazil
Total
Brazil
per capita
EU
Total
EU
per capita
Imports297.92 bn USD1,390.05 USD8.916 tn USD17,329.02 USD
Exports317.18 bn USD1,479.87 USD9.554 tn USD18,569.19 USD


Development of imports and exports in billions of USD 1975 - 2021

Exports
Imports



Brazil: AirportsLargest airports and airlines in BrazilThe 30 biggest airports and 8 airlines in Brazil with further information and data with further information on airlines and destinations
Brazil: Public HolidaysPublic holidays in Brazil 2023-2027Statutory and inofficial holidays in Brazil for 2023 to 2027
Pariah StatesList of the 11 current Pariah States11 countries, that suffer from the sanctions of the international community because of their mostly autocratic government.