Brazil's GDP changed from approximately $145B 819M in 1980 to $2T 331B in 2024, showing an overall 1498.8% sharply increased during the period.
The lowest GDP was recorded in 1984 at $142B 957M, and the highest in 2011 at $2T 614B.
Over the 44-year span, the GDP showed a overall increase with some decline trend, with an average annual growth rate of 6.5%.
For comparison, the average annual growth rate of Argentina was 2.2%, and that of Mexico was 4.9%.
Brazil GDP from 1980 to 2024
The total market value of goods and services produced annually in Brazil.
Overview of Brazil's GDP (1980–2024)
The Gross Domestic Product (GDP) of Brazil recorded a 1498.8% sharply increased from 1980 to 2024.
The average GDP during this period was $1T 99B, and the median was $851B 146M.
GDP fluctuated within a range of $2T 471B, with a standard deviation of $806B 61M.
The average annual change was $54B 613M.
Highest and Lowest GDP Records
- Lowest GDP: 1984, $142B 957M
- Highest GDP: 2011, $2T 614B
- Most Recent GDP: 2024, $2T 331B
Notable Annual GDP Changes
- 2010: Significant increase in GDP
- 2015: Noticeable drop in GDP
Overall pattern: overall increase with some decline
Global Economic Events and Brazil's GDP
COVID-19 Pandemic (2020)
- Period: From 2019 to 2020
- GDP Change: $1T 873B → $1T 476B
- Outcome: sharply declined
2008 Global Financial Crisis
- Period: From 2007 to 2009
- GDP Change: $1T 397B → $1T 669B
- Outcome: sharply increased
2001 Dot-com Bubble Burst
- Period: From 2000 to 2001
- GDP Change: $655B 454M → $559B 982M
- Outcome: sharply declined
1998 Asian Financial Crisis
- Period: From 1997 to 1998
- GDP Change: $883B 862M → $864B 307M
- Outcome: declined
Key Economic Indicators of Brazil (1980–2024)
| year | Nominal GDP | GDP per Capita | PPP per Capita | PPP GDP | GDP Growth | Current Account | Savings | Fiscal Balance | Population |
|---|---|---|---|---|---|---|---|---|---|
1980 | $ 145B 819M | $ 1,203.62 | $ 4,709.26 | $ 570B 530M | 9.19 % | -8.783 % | 18.34 % | 0 % | 121M 151K people |
1981 | $ 167B 583M | $ 1,353.02 | $ 4,820.27 | $ 597B 32M | -4.4 % | -7.003 % | 18.96 % | 0 % | 123M 858K people |
1982 | $ 179B 166M | $ 1,415.34 | $ 5,037.58 | $ 637B 700M | 0.596 % | -9.104 % | 15.63 % | 0 % | 126M 589K people |
1983 | $ 143B 652M | $ 1,110.69 | $ 4,949.47 | $ 640B 141M | -3.4 % | -4.759 % | 13.54 % | 0 % | 129M 335K people |
1984 | $ 142B 957M | $ 1,082.23 | $ 5,287.48 | $ 698B 446M | 5.307 % | 0.028 % | 14.43 % | 0 % | 132M 94K people |
1985 | $ 226B 938M | $ 1,682.79 | $ 5,765.01 | $ 777B 459M | 7.901 % | -0.1 % | 18.38 % | 0 % | 134M 858K people |
1986 | $ 263B 255M | $ 1,913.31 | $ 6,199.13 | $ 852B 948M | 7.544 % | -2.147 % | 17.35 % | 0 % | 137M 592K people |
1987 | $ 286B 539M | $ 2,042.86 | $ 6,456.11 | $ 905B 558M | 3.601 % | -0.501 % | 22.28 % | 0 % | 140M 264K people |
1988 | $ 320B 105M | $ 2,240.53 | $ 6,579.18 | $ 939B 971M | 0.264 % | 1.304 % | 24.54 % | 0 % | 142M 870K people |
1989 | $ 439B 434M | $ 3,021.97 | $ 6,932.61 | $ 1T 8B | 3.2 % | 0.235 % | 25.52 % | 0 % | 145M 413K people |
1990 | $ 455B 335M | $ 3,108.81 | $ 6,842.69 | $ 1T 2B | -4.168 % | -0.831 % | 19.76 % | 0 % | 146M 466K people |
1991 | $ 399B 249M | $ 2,717.51 | $ 7,125.15 | $ 1T 46B | 1.031 % | -0.352 % | 19.84 % | 0 % | 146M 917K people |
1992 | $ 382B 465M | $ 2,561.12 | $ 7,136.10 | $ 1T 65B | -0.467 % | 1.607 % | 20.94 % | 0 % | 149M 335K people |
1993 | $ 429B 184M | $ 2,828.45 | $ 7,524.91 | $ 1T 141B | 4.665 % | -0.138 % | 21.15 % | 0 % | 151M 738K people |
1994 | $ 546B 764M | $ 3,547.02 | $ 7,969.05 | $ 1T 228B | 5.334 % | -0.307 % | 21.83 % | 0 % | 154M 147K people |
1995 | $ 770B 860M | $ 4,923.87 | $ 8,364.78 | $ 1T 309B | 4.417 % | -2.427 % | 14.87 % | 0 % | 156M 556K people |
1996 | $ 851B 146M | $ 5,281.68 | $ 8,457.84 | $ 1T 362B | 2.209 % | -2.801 % | 14.47 % | 0 % | 161M 151K people |
1997 | $ 883B 862M | $ 5,399.97 | $ 8,758.33 | $ 1T 433B | 3.395 % | -3.636 % | 14.13 % | 0 % | 163M 679K people |
1998 | $ 864B 307M | $ 5,199.45 | $ 8,750.34 | $ 1T 454B | 0.338 % | -4.049 % | 14.12 % | 0 % | 166M 230K people |
1999 | $ 599B 642M | $ 3,567.63 | $ 8,817.65 | $ 1T 482B | 0.468 % | -4.467 % | 12.92 % | 0 % | 168M 79K people |