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Brazil GDP Annual Growth Rate

Brazil's GDP annual growth rate rose to 3.4% in 2024, up from 3.24% in 2023, according to World Bank. This represents an increase of 0.16% from the previous year. Brazil has GDP annual growth rate higher than the global median (3.40% vs median 3.24%). Compared with the median in Americas, Brazil is higher (3.40% vs regional median 3.27%) and ranks 20th out of 44 countries in Americas.

Brazil's real GDP rose to $2.03 trillion in 2024, up from $1.96 trillion in 2023.

Yearly Historical Data (1961-2024)

(in %)
Year GDP Annual Growth Rate (%)
2024 3.4%
2023 3.24%
2022 3.02%
2021 4.76%
2020 -3.28%
2019 1.22%
2018 1.78%
2017 1.32%
2016 -3.28%
2015 -3.55%
2014 0.5%
2013 3%
2012 1.92%
2011 3.97%
2010 7.53%
2009 -0.13%
2008 5.09%
2007 6.07%
2006 3.96%
2005 3.2%
2004 5.76%
2003 1.14%
2002 3.05%
2001 1.39%
2000 4.39%
1999 0.47%
1998 0.34%
1997 3.39%
1996 2.21%
1995 4.22%
1994 5.85%
1993 4.92%
1992 -0.54%
1991 1.03%
1990 -4.35%
1989 3.16%
1988 -0.06%
1987 3.53%
1986 7.49%
1985 7.85%
1984 5.4%
1983 -2.93%
1982 0.83%
1981 -4.25%
1980 9.2%
1979 6.76%
1978 4.97%
1977 4.93%
1976 10.26%
1975 5.17%
1974 8.15%
1973 13.97%
1972 11.94%
1971 11.34%
1970 10.4%
1969 9.5%
1968 9.8%
1967 4.2%
1966 6.7%
1965 2.4%
1964 3.4%
1963 0.6%
1962 6.6%
1961 8.6%
Brazil GDP Annual Growth Rate : Definition
GDP Annual Growth Rate measures the yearly percentage change in Brazil's total economic output.
Indicator Last Value Prior Value Period
GDP $2.18T $2.19T 2024
GDP Growth Rate (QoQ) 0.4% 1.4% Jun'25
GDP Growth Rate (YoY) 2.2% 2.9% Jun'25
GDP per Capita $9,564.58 $9,288.03 2024
GDP per Capita PPP $19,647.91 $19,079.81 2024
R&D Expenditure (% GDP) 1.15% 1.21% 2020
Real GDP $2.03T $1.96T 2024