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%.
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.
Brazil GDP from 1980 to 2024
The total market value of goods and services produced annually in Brazil.
Data Source: International Monetary Fund
Image Source: Freepik from www.flaticon.com
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 |
