The economy of Brazil is historically the largest in Latin America and the Southern Hemisphere in nominal terms. [30] As of 2024, the Brazilian economy is the third largest in the Americas in nominal terms, and second largest in purchasing power parity.

Brazil is home to 203 million people with a real GDP per capita of US$9,032 in 2023. It is a large federal country comprised of the union (federal government), 26 states (plus the Federal District), and over 5,500 municipalities.

Nov 14, 2024 · Brazil’s economy saw strong growth in 2024 despite previous rate hikes to combat inflation. The government must now focus on reducing its deficit to gain investors’ trust.

6 days ago · Brazil’s economic history can be largely characterized as a cycle of booms and busts. From the 16th to the mid-20th century, the country was heavily dependent on one or two major agricultural products, whose prices fluctuated widely on international markets.

Mar 1, 2024 · SAO PAULO (AP) — Brazil’s economy grew 2.9% in 2023, beating expectations in the first year of the administration of President Luiz Inácio Lula da Silva, according to the government statistics institute Friday.

2 days ago · Brazil's central bank on Tuesday labeled the unanchoring of inflation expectations and the country's overheating economy as "highly relevant" inflationary risks, adding that concerns over ...

Nov 5, 2024 · Brazil is considered an upper middle-income country and a developing economy. Its membership in a myriad of economic organizations, such as G20, WTO, Paris Club, Mercosur, and G8+5, and...

Brazil’s economy remains in decent shape, thanks to its tight labor market and stronger business investment—but imbalances and risks remain. The central bank’s policy rate will likely continue to be overly restrictive as long as the government runs primary deficits.

Sep 2, 2024 · Brazil's economy kept growing at a solid pace last quarter compared to the first three months of the year, supported by household expenditure, a Reuters poll predicted.

Data ranges from -3.9 to 7.53. Data Source: World Development Indicators | Download Dataset. For Regional and Income Group breakdowns, visit: World Bank Country and Lending Groups. Explore Brazil economic data on Prosperity Data360.