Brazil: A Lost Decade

Updated: September 23th, 2022.


Key Insights
  • Brazil has suffered almost zero growth over the past decade.
  • Wealth, in GDP per capita terms, has actually fallen over the last ten years.
  • Overall, it’s performance in economic terms, has been abysmal.
  • Compared with China and India, the "BRIC" countries with which it was so closely identified in 2001, Brazil has massively underperformed.
 
ECONOMY SIZE

  • When measured in Purchasing Power Parity terms, including estimates for its large informal economy, Brazil's GDP is the eighths largest in the world, the second largest in the Americas region and fourth largest in the Emerging Markets.
Gross Domestic Product: 2021
Ranked by GDP
Filter:
All
Country
Extract of country GDP by Size
See full interactive table
GDP PPP
(Billions)
GDP Data Quality
Grade
Share of
Global GDP
%





Germany $4,890 A 3.0%
Indonesia $4,519 B 2.7%
Brazil $4,167 B 2.5%
Turkey $3,487 B 2.1%
France $3,449 A 2.1%
United Kingdom $3,401 A 2.1%
Mexico $3,252 B 2.0%
Italy $3,064 A 1.9%
Korea, Rep. $2,801 A 1.7%
Saudi Arabia $2,220 B 1.3%

Access the interactive all country GDP by Size table


Related Data:

Related Insights:


 
GDP Data Quality

Data Quality Ratings: Americas Region
Index: 0 = Extremely poor quality, 100 = Good as it gets
Filter:
All
Country
Extract of country table
See full interactive version
Data
Quality
Index
Data
Quality
Grade
Base
Year
SNA
Version
Informal
Economy %
Resoucres
Index 0-100
Corruption
Index 0-100





Canada 96.0 A Chained 2008 11.2 100.0 74
United States 95.8 A Chained 2008 7.3 100.0 67
Chile 89.8 A Chained 2008 19.3 86.7 67
Costa Rica 86.5 A Chained 2008 26.6 91.1 58
Bahamas, The 81.3 B 2013 2008 30.2 100.0 64
Colombia 79.1 B Chained 2008 33.3 82.2 39
Brazil 78.8 B Chained 2008 33.2 81.1 38
Dominican Republic 75.4 B Chained 2008 33.9 72.2 30
Mexico 71.6 B 2013 2008 29.2 80.0 31
Guatemala 70.1 B Chained 2008 48.6 73.3 25
El Salvador 69.8 C 2014 2008 40.9 82.2 34
Trinidad and Tobago 66.3 C 2012 2008 31.6 47.8 41
Argentina 65.6 C 2004 2008 27.3 78.9 38
Paraguay 64.4 C 2014 2008 46.5 65.6 30

Access the interactive all country Data Quality Ratings table

Key:
Data Quality Index numbers shown on a scale of 0-100.
         0 = Poor, 100 = Excellent.

Resources Index numbers shown on a scale of 0-100.
         0 = Low level of resources, 100 = High level of resources.

Corruption Index numbers shown on a scale of 0-100.
         0 = High corruption, 100 = Low corruption.

Grade definitions:
         A: As good as it gets;
         B: Use with caution;
         C: Unreliable for many purposes
         D: Extremely poor quality.


Related Data:

Relevant Papers:


 
ECONOMIC GROWTH

  • Brazil's Compound Annual Growth Rate (CAGR) over the last 10, 5 and 3 years was 0.3%, 1.0% and 0.8% respectively.
  • On a 10-year CAGR basis Brazil ranks as one of the slowest growing economies in the Americas region and 22nd of 24 countries in the Emerging Markets over the past decade.
Brazil's Compound Annual Growth Rate (CAGR) over the last 10-years
Filter:
All
Country
Extract of country CAGR
See full interactive table
Global
Rank:
GDP Data
Quality:
Grade
CAGR
10 Year:
2011-2021
CAGR
5 Year:
2016-2021
CAGR
3 Year:
2018-2021
Global Growth
Share:
Percentage




Austria 137 A 0.7% 0.6% -0.6% 0.1%
Finland 138 A 0.7% 1.2% 0.4% 0.0%
Japan 139 A 0.7% 0.3% -0.3% 0.9%
Lesotho 140 C 0.6% -3.0% -4.4% 0.0%
Belarus 141 B 0.6% 1.7% 0.9% 0.0%
Spain 142 A 0.4% 0.1% -1.5% 0.2%
Portugal 143 A 0.4% 0.9% -0.4% 0.0%
Brazil 144 B 0.3% 1.0% 0.8% 0.3%
Kuwait 145 C 0.1% -2.2% -2.4% 0.0%
Jamaica 146 D 0.0% -0.5% -1.8% 0.0%
Brunei Darussalam 147 D -0.1% 1.1% 1.4% 0.0%
Bahamas, The 148 B -0.2% -1.0% -3.1% 0.0%
Argentina 149 C -0.3% -0.5% -0.9% -0.1%
Italy 150 A -0.3% -0.1% -1.0% -0.2%
Ukraine 151 B -0.6% 1.7% 0.8% -0.1%

Access the interactive all country CAGR table

  • Over the past 10 years the global economy has grown by 27%. Brazil's contribution to this growth was 0.3% once allowances are made for the informal economy size.

Related Data:

Related Insights:


 
WEALTH

  • GDP per Capita has declined over the past 10 years in Brazil, performing poorly comparaed to other countries in the Americas region and in the Emerging Markets generally.
  • In GDP per Capita terms, Brazil ranks 22nd for the Americas region and 18th for the Emerging Markets.
Brazil's GDP Per Capita Growth: 10 Years
Index: 1996 = 100

GDP Per Capita: Americas Region
Ranked by GDP per Capita
Filter:
All
Country
Extract of country GDP per capita
See full interactive table
GDP Per Capita
PPP
(Int$)
GDP per Capita
Data Quality
Grade





Uruguay $32,125 C
Chile $30,932 A
Argentina $30,058 C
Costa Rica $26,874 A
Dominican Republic $25,315 B
Mexico $24,962 B
Colombia $19,670 B
Brazil $19,471 B
Paraguay $19,309 C
Peru $19,168 C
Ecuador $15,609 C
El Salvador $12,776 C
Guatemala $12,441 B
Nicaragua $8,777 C
Americas Average $29,180 -
Emerging Markets Average $38,310 -

Access the interactive all country GDP per Capita table


Related Data:

Related Insights:


 
INEQUALITY

  • The distribution of income in an economy and can be measured on a country by country basis by the Gini Coefficient. Gini values are not all up-to-date but in the case of Brazil the data relates to 2019, so is relatively recent.
  • World Economics has Indexed the Gini Coefficient in relation to each country for comparison purposes. The Index is on a scale of 0-100. A high value indicates a more egalitarian society - and a low value suggests a lot of the national income is in the hands of a relatively small section of the population.
  • Brazil ranks 114th globally, 23rd for the Americas region and 22nd in the Emerging Markets for Inequality.
Inequality Rankings: Americas Region
Index: 0-100, 0 = High Inequality; 100 = High Equality
Filter:
All
Country
Extract of country Inequality
See full interactive table
Regional
Rank
Inequality
Index
Poverty
% of Population




Paraguay 16 27.5 1.6%
Nicaragua 17 26.7 3.2%
Costa Rica 18 23.5 -
Honduras 19 23.5 16.5%
Guatemala 20 23.3 8.7%
Panama 21 21.0 -
Colombia 22 18.6 4.1%
Brazil 23 15.2 4.4%
Bahamas, The 24 9.5 -
Suriname 25 8.6 -

Access the interactive all country Inequality table

Related Data:


 
DEBT

  • World Economics produces GDP data in Purchasing Power Parity terms with added estimates for the size of the informal economy and adjustments for out-of-date GDP base year data.
  • Brazil's is officially reported as having a debt-to-GDP ratio is calculated to be 93% by the IMF.
  • Using the World Economics GDP database, Brazil's GDP is calculated to be 33% larger than official estimates. Its debt ratio is consequently calculated at 69.8%
Debt-to-GDP Ratio for Emerging Market Countries
Ranked by % of GDP
Filter:
All
Country
Extract of country debt
See full interactive table
Global
Rank
Debt-to-GDP
Ratio




Cyprus 20 81.8%
Austria 21 76.4%
Bahamas, The 22 75.7%
Zambia 23 74.6%
Jordan 24 73.8%
Sri Lanka 25 72.6%
Mongolia 26 72.0%
Brazil 27 69.8%
Mozambique 28 67.7%
Laos 29 67.7%
Iceland 30 65.9%
Jamaica 31 64.1%
Egypt 32 63.7%
Hungary 33 63.4%
Germany 34 63.1%
Americas Average   52.5%
Emerging Markets Average   45.8%


Related Data:


 
POPULATION

  • Brazil is the sixth most populous country in the world with approximately 214 million inhabitants.
  • Brazil last conducted a national census in 2010. Read more from the World Economics Population Data Quality Ratings and see how Brazil compares to other countries around the world and in the Americas region.
Brazil's Population Breakdown
Filter:
All
Country
Extract of country Population
See full interactive table
Population
Size
(Millions)
Median
Age
(Years)
Age
Dependency
(Young)
Age
Dependency
(Old)
Age
Dependency
(Total)





China 1,444.2 38.4 25.2% 17.0% 42.2%
India 1,393.4 28.4 38.9% 9.8% 48.7%
United States 332.9 38.3 28.3% 25.6% 53.9%
Indonesia 276.4 29.7 38.3% 9.2% 47.5%
Pakistan 225.2 22.8 57.2% 7.1% 64.4%
Brazil 214.0 33.5 29.7% 13.8% 43.5%
Nigeria 211.4 18.1 80.9% 5.1% 86.0%
Bangladesh 166.3 27.6 39.3% 7.7% 47.0%
Russia 145.9 39.6 27.8% 23.5% 51.2%
Mexico 130.3 29.2 38.8% 11.4% 50.3%
Japan 126.1 48.4 21.0% 48.0% 69.0%
Ethiopia 117.9 19.5 70.6% 6.3% 76.8%
Philippines 111.0 25.7 46.6% 8.6% 55.2%

Access the interactive all country Population table

  • Brazil has a young population profile of 29.7% and a low old population profile of 43.5%. The average age is 34 years old.

Related Data:


 
ENVIRONMENT

  • Brazil's total emissions of Carbon Dioxide and Methane are considerable placing it in the top 5 of polluters by volume but on per capita level, Brazil moves down the list considerably.
  • The World Economics Emissions Index (on a scale of 0-100, 0=bad, 100=good) gauges the relative emissions for a country. The Emissions Index is based on the equal weighting of total Carbon and Methane emissions.
Environmental Factors
Index: 0 = High Emissions, 100 = Low Emissions
Filter:
All
Country
Extract of country table
See full interactive version
Emissions
Index
0-100
Carbon
Emissions
Total
Carbon
Emissions
Per Capita
Methane
Emissions
Total
Methane
Emissions
Per Capita
Air
Quality
PM2.5
Water
Access
per capita





China 0.0 10,174.7 7.1 1,239.0 0.9 45.8 94.3%
United States 48.9 5,284.7 15.9 623.8 1.9 7.4 99.0%
Russia 57.3 1,678.4 11.5 853.0 5.9 9.8 97.0%
India 60.1 2,615.8 1.9 669.3 0.5 68.8 90.5%
Brazil 80.8 465.7 2.2 418.0 2.0 11.6 99.0%
Indonesia 83.4 617.5 2.2 335.1 1.2 19.1 92.4%
Mexico 92.0 438.5 3.4 145.1 1.1 22.7 99.0%
Australia 92.3 411.0 15.9 139.9 5.4 7.1 99.0%
Pakistan 92.7 248.8 1.1 151.0 0.7 58.8 90.1%
Canada 93.3 576.7 15.2 95.5 2.5 6.4 99.0%
Japan 93.7 1,106.7 8.8 21.1 0.2 13.4 99.0%
Nigeria 94.2 140.0 0.7 127.9 0.6 61.7 77.6%

See: Access the interactive all country Environmental data table

Key:
Emissions Index numbers shown on a scale of 0-100.
         0 = Bad, 100 = Good.

Notes:
Format: Carbon data in Million MtCO2e and Methane data in MtCO2e, Air Quality: PM2.5

Methodology: Total Carbon and Total Methane data for each country has been indexed on a scale of 0-100 by using the standard deviation from the mean for each country. The implied Indexes are averaged to calculate a total Emissions Index which focuses on each countries emissions.

  • Brazil was the 42th hottest country in the World in 2021 using average annual temperature data
  • Temperatures in Brazil have been steadily rising since 1980.
Averge Annual Temerature by Year: Brazil

Source: CCKP. World Bank Group, Climate Change Knowledge Portal


Related Data:


 
SOCIAL

  • The World Economics Social Index averages multiple key social indicators covering Health, Education and Employment.
  • Brazil has a worse than average rank for its social metrics, 93rd out of 155 countries and 20th of 25 in the Americas region.
Social Factors: Americas Region
Index: 0 = Poor metrics, 100 = Excellent metrics
Filter:
All
Country
Extract of country table
See full interactive version
Social
Factors
Index
Life
Expectancy
Years
Median
Age
Years
Mean Years
Schooling
Years
Spend on
Education
% of GDP
Population
in Work
Population %
Population
in Poverty
%





Ecuador 83.1 77.0 27.9 8.9 5.0% 65.3% 3.3%
Mexico 82.7 75.1 29.2 8.8 4.9% 58.6% 1.7%
Paraguay 81.9 74.3 26.3 8.5 3.4% 68.6% 1.6%
Colombia 81.9 77.3 31.3 8.5 4.5% 62.1% 4.1%
Brazil 80.0 75.9 33.5 8.0 6.2% 56.2% 4.4%
El Salvador 77.8 73.3 27.6 6.9 3.6% 56.7% 1.5%
Nicaragua 77.5 74.5 26.5 6.9 4.3% 61.9% 3.2%
Guatemala 74.4 74.3 22.9 6.6 2.9% 60.8% 8.7%
Honduras 71.3 75.3 24.3 6.6 6.1% 65.1% 16.5%
Haiti 61.3 64.0 24.0 5.6 2.8% 57.9% 24.2%

Access the interactive all country Social data table

Key:
Social Factors Index numbers shown on a scale of 0-100
         0 = Poor social metrics, 100 = Excellent social metrics.

  • 4.4% of Brazil's population is living in poverty. Poverty is defined as living on less than $1.90 a day at 2011 international prices
  • Brazil spends 6.2% of GDP on education, each pupil receives 8.0 years of schooling (on average) - under a year less than the global average.

Related Data:


 
GOVERNANCE

  • Brazil ranks 76th globally, 12th in the Americas region and 14th in the Emerging Markets for Governance.
Governance Factors Index: Americas Region
Index: 0 = Poor, 100 = Good
Filter:
All
Country
Extract of country Governance
See full interactive table
Governance
Index
(0-100 Index)
Rule of Law
Index
(0-100 Index)
Press Freedom
(0-100 Index)
Political Rights
(0-100 Index)
Ease of
Doing Business
(0-100 Index)




Costa Rica 75.3 62.7 92.7 95.2 68.1
Uruguay 74.8 65.4 77.7 100.0 54.1
Guyana 67.2 38.1 82.5 76.2 43.1
Trinidad and Tobago 60.3 45.5 84.9 83.3 53.7
Argentina 59.0 37.1 83.4 88.1 49.5
Panama 58.0 43.5 67.8 88.1 63.3
Peru 55.9 40.2 66.6 73.8 67.1
Brazil 52.8 44.3 59.8 78.6 49.7
Dominican Republic 52.2 42.1 83.0 66.7 51.3
Colombia 51.7 36.5 45.8 73.8 69.6
El Salvador 50.8 29.9 58.4 76.2 60.9
Ecuador 50.8 35.1 69.7 69.0 47.2
Mexico 49.6 32.1 51.3 69.0 73.8
Haiti 49.1 23.1 69.7 40.5 16.3
Paraguay 48.0 38.4 63.0 71.4 49.6

Access the interactive all country Governance table

Key:
The World Economics Governance Index gives equal weight to all four criteria.

Index numbers shown on a scale of 0-100.

Governance: 0 = Poor governance, 100 = As good as it gets.
Ease of Doing Business: 0 = Hard, 100 = Easy.
Rule of Law: 0 = low rule of law, 100 = High rule of law.
Press Freedom: 0 = Low press freedom, 100 = High press freedom.
Political Rights: 0 = Low political rights, 100 = High political rights.



Related Data: