Brazil

How Large Is Brazil's Economy?

Brazil's GDP of $2.19T makes it a upper-middle-income economy by World Bank classification. GDP per capita of $10,311 is 24% below the regional average of 13,500 (World Bank, 2025). The economy has contracted 11% over the past decade, from $2.47T in 2013 to $2.19T in 2023. The most recent annual growth rate of 3.4% is above the global median of 3.1% (World Bank, 2025). The unemployment rate of 6.0% is 13% below the regional average of 6.9 (World Bank, 2025). Inflation of 4.4% is moderately elevated above the global median of 3.5%. Brazil's official currency is the Brazilian real (R$). As a UN member, Brazil participates in multilateral trade frameworks.

What Are Brazil's Demographics?

With 213.4M people, Brazil is among the world's 15 most populous countries. At 25 people per km², the country is sparsely populated. Population has grown at 0.6% annually over the past decade (World Bank, 2025). Life expectancy stands at 75.8 years, 3.8 years above the global average of 72 years. Infant mortality of 12.5 per 1,000 live births is near the regional average of 12 (World Bank, 2025). The country's official language is Portuguese. Over the past decade, Brazil's population grew from 159.3M to 211.1M, adding 51.9M people.

Where Is Brazil Located?

Brazil covers 8,515,767 km² (3,288,000 sq miles) and shares land borders with 10 countries. The country sits within the Americas region, South America subregion, spanning South America. Brasília serves as the seat of government and administrative capital of Brazil. The country spans 4 time zones, ranging from UTC-05:00 to UTC-02:00. Recognized internationally by ISO codes BR and BRA, Brazil is an independent sovereign state and a full UN member. Its 1 currency (BRL) reflects its participation in multilateral trade and monetary frameworks.

Data sourced from World Bank Open Data. Last updated: March 2026.

Frequently Asked Questions about Brazil

Historical Economic Trajectory

Between 1994 and 2023, Brazil's GDP expanded by 317% in nominal terms, rising from $525.4B to $2.19T over 29 years. This more-than-doubling of economic output reflects sustained structural growth across the period. Over the same reference period (1994 to 2023), Brazil's population grew from 159.3M to 211.1M, a change of 33% (51.9M people) across 29 years. Steady population growth has driven demand for housing, education, and public services throughout the period. Taken together, the GDP and population trajectories from 1994 onward illustrate how Brazil's economic output has evolved relative to its demographic base. Real GDP per capita has broadly improved over the span, as nominal output growth outpaced population growth by approximately 284 percentage points.

Global Comparative Standing

Brazil's GDP per capita of $10,311 is 24% below the regional average of 13,500 of $13,500 for the Americas region (World Bank, 2025). Life expectancy of 75.8 years is near the regional average of 75.2 of 75.2 years for Americas (World Bank, 2025). With a population of 213.4M, Brazil is among the world's 15 most populous countries. As a G20 member, Brazil participates in the forum of major economies that collectively account for around 85% of global GDP and approximately two-thirds of the world's population.

Countries Similar in Population to Brazil

Nigeria

223.8M

Bangladesh

169.8M

Pakistan

241.5M