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Brazil - Government Gross Debt to GDP

Brazil's government gross debt to GDP rose to 76.5% in 2024, up from 73.83% in 2023. This is the highest ratio since 2021. The increase is attributed to significant interest payments and nominal GDP growth rates affecting the debt-to-GDP denominator. Ongoing difficulties in managing public spending also contribute to the rising debt. Brazil's record low government gross debt to GDP was 51.27% in 2011 and record high was 86.94% in 2020.

Yearly Historical Data (2006-2024)

(in %)
Year Government Gross Debt to GDP
2024 76.5%
2023 73.8%
2022 71.7%
2021 77.3%
2020 86.9%
2019 74.4%
2018 75.3%
2017 73.7%
2016 69.8%
2015 65.5%
2014 56.3%
2013 51.5%
2012 53.7%
2011 51.3%
2010 51.8%
2009 59.2%
2008 56%
2007 56.7%
2006 55.5%
Brazil - Government Gross Debt to GDP : Definition
Brazil's government gross debt to GDP shows the ratio of the government's total debt to the country's gross domestic product. It's calculated by dividing total government debt by GDP. A higher ratio indicates greater government indebtedness.
Indicator Last Value Prior Value Period
Current Account to GDP Ratio -2.5% -1.1% Dec'24
Interest Rate 15% 15% Sep'25
Private Credit (% GDP) 75.84% 71.08% 2024