National debt of Brazil in relation to gross domestic product (GDP) 2029

This statistic shows the national debt of Brazil from 2019 to 2023 in relation to the gross domestic product (GDP), with projections up until 2029. The figures refer to the whole country and include the debts of the state, the communities, the municipalities and the social insurances. In 2023, the national debt of Brazil amounted to approximately 84.68 percent of the GDP.

Brazil's economy

Brazil has one of the largest economies in the world by gross domestic product ) and Purchasing Power Parity. In 2014, the Brazil's gross domestic product amounted to around 2.24 trillion U.S. dollars. However, it is estimated that by 2030, Brazil will have the fourth highest gross domestic product in the world.

In 2014, the United States reported the largest gross domestic product worldwide. However, the estimated national debt of the United States in 2014 was over 105 percent of the gross domestic product, while the estimated national debt of Brazil was approximately 66 percent the same year. Even though the national debt of Brazil has slightly decreased over the last decade, it still remains relatively high. A country's national debt refers to the whole country and includes the debts of the state, the communities, the municipalities and the social insurances. In Brazil, the high national debt is also due to country's trade deficit. In 2013, Brazil’s trade deficit amounted to an estimated 3.3 percent of the GDP, adding up to approximately 8.3 billion U.S. dollars in total.