The economy of Brazil is historically the largest in Latin America and the Southern Hemisphere in nominal terms. The Brazilian economy is the second largest in the Americas. It is an upper-middle income developing mixed economy. In 2024, according to International Monetary Fund (IMF), Brazil has the 8th largest gross domestic product (GDP) in the world and has the 8th largest purchasing power parity in the world. In 2024, according to Forbes, Brazil was the 7th largest country in the world by number of billionaires. According to International Monetary Fund (IMF), Brazilian nominal GDP was US$2.331 trillion, the country has a long history of being among the largest economies in the world and the GDP per capita was US$11,178 per inhabitant.
São Paulo, the financial capital of Brazil
Economy of Brazil
Economy of Brazil
Bovespa, the Stock Exchange in São Paulo.
2014 Brazilian economic crisis
From mid-2014 onward, Brazil experienced a severe economic crisis. The country's Gross Domestic Product (GDP) fell by 3.5% in 2015 and 3.3% in 2016, after which a small economic recovery began. That recovery continued until 2020, when the COVID-19 pandemic began to impact the economy again.
January 2016 cover of The Economist magazine about the crisis. The cover depicts then-president Dilma Rousseff.
Cover of The Economist in January 2016 ("Brazil's fall: Dilma Rousseff and the disastrous year ahead"), highlighting the negative aspect of the then-president
Guido Mantega, Minister of Finance during the first Dilma government. In July 2012, Mantega admitted for the first time that the government practiced a new "macroeconomic matrix".
Joaquim Levy, Minister responsible for fiscal adjustment, in March 2015