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Economy of Brazil vs Dominica compared: GDP & Debt

Updated on by Georank team

Brazil has a GDP of $2.19T compared to $689M for Dominica, ranking 10/197 and 190/197 by economy size, respectively.

Brazil has $1.91T in government debt (87.3% of GDP), compared to $713M (103.5% of GDP) in Dominica.

Brazil vs Dominica GDP by year

Brazil
Dominica
1x
Year GDP, current $
Brazil Dominica
2024 $2,185,821,648,944 $688,881,481
2023 $2,191,131,869,706 $659,311,111
2022 $1,951,923,832,084 $623,062,963
2021 $1,670,647,464,063 $562,911,111
2020 $1,476,107,292,152 $528,944,444
2019 $1,873,288,158,839 $644,259,259
2018 $1,916,933,708,353 $628,244,444
2017 $2,063,514,688,806 $563,355,556
2016 $1,795,693,265,999 $612,711,111
2015 $1,802,211,999,456 $583,177,778
2014 $2,456,043,766,032 $572,255,556
2013 $2,472,819,362,044 $545,325,926
2012 $2,465,228,293,707 $520,355,556
2011 $2,616,156,606,579 $532,081,481
2010 $2,208,838,108,484 $519,859,259
2009 $1,666,996,294,252 $515,618,519
2008 $1,695,855,391,758 $480,003,704
2007 $1,397,114,247,189 $444,685,185
2006 $1,107,626,711,163 $416,674,074
2005 $891,633,826,625 $391,455,556
2004 $669,289,321,945 $396,711,111
2003 $558,233,724,165 $373,318,519
2002 $509,795,270,685 $375,200,000
2001 $559,983,704,094 $377,462,963
2000 $655,448,188,259 $333,470,370
1999 $599,642,075,004 $331,759,259
1998 $863,711,007,325 $322,411,111
1997 $883,206,452,795 $302,988,889
1996 $850,426,433,004 $292,285,185
1995 $769,333,330,412 $274,522,222
1994 $525,369,851,354 $264,374,074
1993 $368,295,778,245 $245,525,926
1992 $328,187,960,872 $234,059,259
1991 $342,609,231,343 $219,762,963
1990 $390,725,626,003 $201,429,630
1989 $412,990,820,287 $185,137,243
1988 $307,881,930,752 $171,106,184
1987 $283,056,836,894 $151,868,754
1986 $256,480,852,471 $135,161,959
1985 $210,879,844,639 $119,491,933
1984 $188,339,974,087 $109,157,071
1983 $189,656,506,321 $98,665,191
1982 $271,314,113,768 $89,527,577
1981 $258,015,174,749 $82,107,391
1980 $237,393,489,893 $72,804,653
1979 $221,338,204,480 $55,017,759
1978 $200,278,646,124 $57,130,216
1977 $176,344,101,402 $45,872,947
1976 $153,168,949,208 -
1975 $129,203,555,239 -
1974 $109,794,519,728 -
1973 $83,592,275,863 -
1972 $58,434,858,375 -
1971 $48,869,830,902 -
1970 $42,327,664,794 -
1969 $37,171,640,819 -
1968 $33,930,457,425 -
1967 $31,086,389,195 -
1966 $28,283,323,733 -
1965 $22,465,522,884 -
1964 $20,963,733,695 -
1963 $23,287,712,878 -
1962 $19,231,747,852 -
1961 $17,275,940,449 -
1960 $17,030,465,539 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/brazil/dominica | CC BY

GDP per capita in Brazil vs Dominica by year

Brazil
GDP per capita

GDP per capita, PPP
Dominica
GDP per capita

GDP per capita, PPP
1x
Year Current $
Brazil Dominica
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $10,311 $22,338 $10,405 $21,301
2023 $10,378 $21,176 $9,913 $20,286
2022 $9,281 $19,877 $9,324 $18,802
2021 $7,973 $18,076 $8,376 $15,809
2020 $7,074 $16,102 $7,828 $14,244
2019 $9,030 $16,070 $9,491 $16,021
2018 $9,301 $15,464 $9,215 $15,070
2017 $10,081 $14,559 $8,225 $12,696
2016 $8,836 $14,309 $8,803 $12,945
2015 $8,936 $14,821 $8,283 $12,093
2014 $12,275 $15,827 $8,132 $12,083
2013 $12,459 $15,722 $7,822 $11,286
2012 $12,522 $15,198 $7,529 $10,921
2011 $13,397 $15,212 $7,705 $11,123
2010 $11,403 $14,452 $7,550 $10,924
2009 $8,679 $13,391 $7,487 $10,804
2008 $8,908 $13,445 $6,971 $10,862
2007 $7,410 $12,673 $6,459 $9,949
2006 $5,934 $11,751 $6,056 $9,200
2005 $4,828 $11,081 $5,695 $8,557
2004 $3,664 $10,526 $5,779 $8,232
2003 $3,091 $9,802 $5,447 $7,714
2002 $2,856 $9,617 $5,488 $7,167
2001 $3,176 $9,304 $5,528 $7,291
2000 $3,767 $9,092 $4,867 $7,111
1999 $3,494 $8,635 $4,817 $6,759
1998 $5,106 $8,599 $4,664 $6,617
1997 $5,299 $8,602 $4,372 $6,290
1996 $5,179 $8,301 $4,211 $6,041
1995 $4,757 $8,097 $3,952 $5,749
1994 $3,299 $7,727 $3,805 $5,465
1993 $2,349 $7,260 $3,536 $5,352
1992 $2,127 $6,869 $3,376 $5,125
1991 $2,258 $6,867 $3,171 $4,914
1990 $2,620 $6,688 $2,893 $4,667
1989 $2,819 - $2,639 -
1988 $2,141 - $2,423 -
1987 $2,006 - $2,138 -
1986 $1,854 - $1,893 -
1985 $1,556 - $1,666 -
1984 $1,420 - $1,515 -
1983 $1,461 - $1,363 -
1982 $2,138 - $1,232 -
1981 $2,080 - $1,125 -
1980 $1,959 - $996 -
1979 $1,870 - $754 -
1978 $1,733 - $786 -
1977 $1,562 - $634 -
1976 $1,390 - - -
1975 $1,201 - - -
1974 $1,045 - - -
1973 $815 - - -
1972 $583 - - -
1971 $500 - - -
1970 $444 - - -
1969 $399 - - -
1968 $374 - - -
1967 $351 - - -
1966 $328 - - -
1965 $268 - - -
1964 $257.3 - - -
1963 $294.2 - - -
1962 $250.2 - - -
1961 $231.6 - - -
1960 $235.3 - - -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/brazil/dominica | CC BY

Brazil's GDP per capita is $10,311, ranking 85/197, compared to $10,405 in Dominica, ranking 84/197. Adjusted for purchasing power (GDP per capita PPP), Brazil ranks 88th at $22,338, while Dominica ranks 91st at $21,301.

Economic indicators

Brazil Dominica
Gross domestic product
$2.19T
2024
$689M
2024
GDP rank
10/197
2024
190/197
2024
GDP growth
3.42%
2023-2024
2.05%
2023-2024
GDP per capita
$10,311
2024
$10,405
2024
GDP per capita rank
85/197
2024
84/197
2024
GDP per capita, PPP
$22,338
2024
$21,301
2024
GDP per capita PPP rank
88/197
2024
91/197
2024
Government debt
$1.91T
2024
$713M
2024
Debt-to-GDP ratio
87.3%
2024
103.5%
2024
Government debt per person
$8,999
2024
$10,765
2024
Government debt per person rank
60/185
2024
55/185
2024
Average annual personal income after taxes
$6,263
2026
$6,045
2026
Market capitalization of domestic companies
$659B
2024
n/a
Number of millionaires
433,000
2025
n/a
Number of billionaires
56
2025
n/a
Income share by richest 10%
40.8%
2023
n/a
Income share by poorest 10%
1.3%
2023
n/a
Government expenditure, % of GDP
45.7%
2024
60.9%
2024
Consumer prices inflation
4.4%
2023-2024
2.57%
2023-2024
Central bank interest rate
15%
2025
n/a
Unemployment rate
6.8%
2024
11%
2001
Population
213824938
65539

Spending and national debt comparison by year

Brazil
Spending

Debt
Dominica
Spending

Debt
1x
Year % of GDP
Brazil Dominica
Government spending Government debt Government spending Government debt
2024 45.7% 87.3% 60.9% 103.5%
2023 45.3% 84% 66.8% 103.2%
2022 43.4% 83.9% 72.7% 108.3%
2021 40.4% 88.9% 70.1% 113.6%
2020 46.2% 96% 70.1% 118.2%
2019 43% 87.1% 44% 89.1%
2018 44.2% 84.8% 66.7% 90%
2017 44.3% 82.7% 55.7% 86.7%
2016 45.5% 77.4% 45.8% 72.9%
2015 46.2% 71.7% 33.5% 71.1%
2014 41.4% 61.6% 33.3% 73.5%
2013 39.8% 59.6% 34.2% 75.6%
2012 39.3% 61.6% 36.6% 74%
2011 39.4% 60.6% 34.7% 68.6%
2010 39.5% 62.4% 39.7% 67.3%
2009 40.5% 64.7% 36.1% 62.8%
2008 39.9% 61.4% 35.9% 66.5%
2007 40.4% 63% 35.6% 74.9%
2006 42.6% 64.6% 30.9% 80.4%
2005 41.9% 67% 32.1% 84.9%
2004 39.7% 68% 30.1% 85.8%
2003 41.3% 71.5% 31.2% 98.2%
2002 44.5% 76.1% 29% 99.4%
2001 39.8% 67.3% 29.3% 97.5%
2000 34.5% 62.2% 38.9% 69.6%
1999 39.6% 44.5% 35.3% 62%
1998 40.9% 38.9% 33.5% 57.1%
1997 38.6% 31.8% 29.1% 49.3%
1996 38.2% 30.7% 29% 54.7%
1995 - 28% 29.7% 59.3%
1994 - 30% 27.7% 57%
1993 - 32.6% 26.1% 55.4%
1992 - 37.1% 28% 55.3%
1991 - 38.1% 29.9% 58.7%
1990 - 40.6% 32.9% 56.6%
1989 - 40.2% - -
1988 - 46.9% - -
1987 - 50.3% - -
1986 11.7% 49.4% - -
1985 11.1% 52.6% - -
1984 10% 55.8% - -
1983 9.7% 51.5% - -
1982 8.1% 32.8% - -
1981 7.8% 34.6% - -
1980 6.8% 39.7% - -
1979 9% 36.6% - -
1978 10.2% 37% - -
1977 10.4% 31% - -
1976 10.6% 31.8% - -
1975 10.7% 27.7% - -
1974 10.5% 25.7% - -
1973 11% 22.4% - -
1972 12.6% 22.5% - -
1971 11.7% 17.9% - -
1970 11.4% 17% - -
1969 11.2% 16.5% - -
1968 14.4% 15.8% - -
1967 13.5% 13.8% - -
1966 14.6% 19.6% - -
1965 14% 17.6% - -
1964 25.4% 22.2% - -
1963 22.8% 20.4% - -
1962 23.1% 23.7% - -
1961 12% 25.7% - -
1960 13.7% 22.3% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–2000, retrieved 2026-02-20).

GeoRank.org/economy/brazil/dominica | CC BY

In 2024, Brazil's government spending was $998B, accounting for 45.7% of its GDP, while Dominica spent $420M, or 60.9% of GDP.

Debt-to-GDP ratio is 87.3% in Brazil and 103.5% in Dominica, ranking 38/185 and 20/185, respectively.

Government deficit by year

Deficit/surplus
Brazil

Dominica
1x
Year Deficit/surplus, % of GDP
Brazil Dominica
2024 -6.19% -2.28%
2023 -7.71% -4.66%
2022 -3.96% -7.49%
2021 -2.63% -8.61%
2020 -11.6% -7.91%
2019 -4.86% -7.95%
2018 -6.99% -18.1%
2017 -7.97% -3.37%
2016 -7.99% 11%
2015 -9.28% 11.8%
2014 -6.27% -5.65%
2013 -3.42% -2.95%
2012 -2.35% -5.48%
2011 -2.74% -4.34%
2010 -3.55% -3.41%
2009 -4.23% -0.31%
2008 -2.39% 0.72%
2007 -2.66% 1.88%
2006 -4.87% 3.04%
2005 -3.36% 0.98%
2004 -2.95% -0.67%
2003 -5.4% 0.88%
2002 -4.15% -4.13%
2001 -3.47% -6.48%
2000 -3.32% -8.75%
1999 -5.17% -9.2%
1998 -7.22% -6.08%
1997 -5.6% -2.31%
1996 -5.35% -1.62%
1995 - -2.97%
1994 - -3.42%
1993 - -1.46%
1992 - -2.28%
1991 - -3.08%
1990 - -4.87%
1989 - -
1988 - -
1987 - -
1986 -1.6% -
1985 -1.3% -
1984 -0.4% -
1983 0.1% -
1982 1.4% -
1981 1% -
1980 2.5% -
1979 0.4% -
1978 -0.1% -
1977 0.1% -
1976 0.1% -
1975 0% -
1974 0.6% -
1973 0.1% -
1972 -0.1% -
1971 -0.3% -
1970 -0.4% -
1969 -0.6% -
1968 -1.6% -
1967 -2.1% -
1966 -1.3% -
1965 -2% -
1964 -8.79% -
1963 -5.78% -
1962 -6.82% -
1961 -2.93% -
1960 -3.85% -
1959 -0.18% -
1958 -0.76% -
1957 -0.29% -
1956 -0.14% -
1955 -0.62% -
1954 -0.49% -
1953 -1.26% -
1952 0.64% -
1951 0.87% -
1950 -1.58% -
1949 -1.22% -
1948 0.002% -
1947 0.25% -
1946 -1.78% -
1945 -2.87% -
1944 -2.37% -
1943 -0.75% -
1942 -2.55% -
1941 -2.15% -
1940 -1.13% -
1939 -1.2% -
1938 -0.59% -
1937 -1.62% -
1936 -0.27% -
1935 -0.5% -
1934 -2.28% -
1933 -1.56% -
1932 -6.47% -
1931 -1.56% -
1930 -3.58% -
1929 -0.09% -
1928 0.57% -
1927 0.12% -
1926 -0.76% -
1925 -0.07% -
1924 -0.45% -
1923 -1.94% -
1922 -3.8% -
1921 -2.98% -
1920 -3.11% -
1919 -3.69% -
1918 -4.51% -
1917 -4.8% -
1916 -4.35% -
1915 -6.33% -
1914 -7.32% -
1913 -1.91% -
1912 -3.05% -
1911 -2.15% -
1910 -2.06% -
1909 -1.62% -
1908 -1.89% -
1907 0.38% -
1906 0.28% -
1905 0.96% -
1904 -0.62% -
1903 1.79% -
1902 1.59% -
1901 -2.46% -
1900 -5.57% -
1899 -2.13% -
1898 -14% -
1897 -2.38% -
1896 -0.79% -
1895 -1.33% -
1894 -4.11% -
1893 -1.77% -
1892 -2.6% -
1891 0.51% -
1890 -3.02% -
1889 -3.79% -
1888 0.63% -
1887 -0.76% -
1886 -3.8% -
1885 -5.71% -
1884 -3.89% -
1883 -3.33% -
1882 -1.58% -
1881 -1.9% -
1880 -4.84% -

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1880–2000, retrieved 2026-02-20); International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

GeoRank.org/economy/brazil/dominica | CC BY

In 2024, Brazil's government deficit, the difference between spending and revenue, was $135B, equivalent to 6.19% of GDP. This compares to Dominica's deficit of $15.7M, or 2.28% of GDP.

Over the past 35 years, Brazil recorded a fiscal deficit in 29 of those years, while Dominica ran a deficit in 28 years. On average, Brazil posted an annual deficit equal to 5.09% of GDP, compared to deficit of 3.13% of GDP for Dominica.

Inflation comparison by year

Inflation
Brazil

Dominica
1x
Year Consumer prices inflation
Brazil Dominica
2024 4.4% 2.57%
2023 4.6% 5.09%
2022 9.3% 2.88%
2021 8.3% 2.23%
2020 3.2% 1.22%
2019 3.7% 1.5%
2018 3.7% 0.99%
2017 3.4% 0.3%
2016 8.7% 0.14%
2015 9% -0.84%
2014 6.3% 0.8%
2013 6.2% -0.05%
2012 5.4% 1.36%
2011 6.6% 1.13%
2010 5% 3%
2009 4.9% 0.006%
2008 5.7% 6.36%
2007 3.6% 3.63%
2006 4.2% 2.2%
2005 6.9% 1.68%
2004 6.6% 2.39%
2003 14.7% 1.45%
2002 8.4% 0.17%
2001 6.8% 1.3%
2000 7% 0.86%
1999 4.9% 1.18%
1998 3.2% 1%
1997 6.9% 2.44%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20); World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

GeoRank.org/economy/brazil/dominica | CC BY

Over the past 28 years, Brazil has recorded an average annual inflation rate of 6.13%, compared with 1.68% in Dominica. In 2024, inflation was 4.4% in Brazil and 2.57% in Dominica.

Top exports between countries

Brazil
Export category Export value
Animal & marine products $4.07M
Processed food, beverages & tobacco $781K
Wood & paper products $379K
Textiles & consumer goods $369K
Machinery & equipment $280K
Chemicals & pharma $113K
Raw materials & minerals $84K
Raw agricultural goods $72K
Miscellaneous $28K
Metals $20K
Dominica
Export category Export value

Balance of trade

Brazil Dominica
Current account balance
-$66.2B
2024
-$160M
2024
Current account balance ranking
188/190
2024
94/190
2024
Current account balance, % of GDP
-3.03%
2024
-23.2%
2024
Goods imports
$274B
2024
$231M
2024
Goods exports
$340B
2024
$22M
2024
Service imports
$103B
2024
$157M
2024
Service exports
$48.1B
2024
$191M
2024
Imports of goods and services, % of GDP
17.6%
2024
n/a
Exports of goods and services, % of GDP
17.9%
2024
8.5%
2025

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

Brazil Dominica
Economic freedom 52.4 56.1
Economic freedom ranking 148/197 124/197
Property rights 49.2 65.8
Government integrity 37.2 61.2
Judicial effectiveness 55.6 77.3
Tax burden 70.6 76.1
Government spending 39.8 0
Fiscal health 28 45.6
Business freedom 65.7 66.2
Labor freedom 57 49.8
Monetary freedom 76 77.7
Trade freedom 69 53.2
Investment freedom 40 60
Financial freedom 40 40

Economic freedom comparison by year

Brazil
Dominica
1x
Year Economic freedom index
Brazil Dominica
2026 52.4 56.1
2025 55.1 55.3
2024 53.2 54
2023 53.5 59.7
2022 53.3 54.4
2021 53.4 53
2020 53.7 60.8
2019 51.9 63.6
2018 51.4 64.5
2017 52.9 63.7
2016 56.5 67
2015 56.6 66.1
2014 56.9 65.2
2013 57.7 63.9
2012 57.9 61.6
2011 56.3 63.3
2010 55.6 63.2
2009 56.7 62.6
2008 56.2 -
2007 56.2 -
2006 60.9 -
2005 61.7 -
2004 62 -
2003 63.4 -
2002 61.5 -
2001 61.9 -
2000 61.1 -
1999 61.3 -
1998 52.3 -
1997 52.6 -
1996 48.1 -
1995 51.4 -

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09).

GeoRank.org/economy/brazil/dominica | CC BY

The Economic Freedom Index for Brazil is 52.4, ranking 148/197, compared to 56.1 for Dominica, ranking 124/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Brazil Dominica
Services, % of GDP
59.2%
2024
56.9%
2024
Industry, % of GDP
20.9%
2024
13.9%
2024
Agriculture, forestry, and fishing, % of GDP
5.75%
2024
12.2%
2024
GNI, Atlas method
$2.11T
2024
$677M
2024
GNI per capita, PPP
$21,590
2024
$21,410
2024
Total reserves including gold
$330B
2024
$156M
2024
Total reserves ranking
11/177
2024
172/177
2024
Net foreign direct investment
-$47.8B
2024
-$36.4M
2024
Net inflows of foreign direct investment
$74.1B
2024
$60M
2024
Net outflows of foreign direct investment
$26.3B
2024
-$401K
2024
Servicing debt to the IMF, % of GNI
5.4%
2024
9.52%
2024
Poverty at national poverty lines
4.2%
2020
29%
2020
Gross capital formation, % of GDP
17%
2024
n/a

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06); U.S. Census Bureau (1985–2024, retrieved 2026-02-08).

GeoRank.org/economy/brazil/dominica | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Public Finances in Modern History (1880–2000, retrieved 2026-02-20)
  3. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  5. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  6. TradeMap (2020–2024, retrieved 2026-02-08)
  7. Central Intelligence Agency (CIA) (2020, retrieved 2026-02-20)
  8. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  9. LivingCost (2026, retrieved 2025-10-14)

Creative Commons Attribution (CC BY) — you’re free to copy, share, remix, adapt, and use even commercially as long as you give appropriate credit and clearly indicate if you made changes. Other sources may be subject to different license terms.

The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.

Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.

A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).

Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.

Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.

Principal and interest payments to the IMF in currency, goods, or services on long-term debt expressed as a share of GNI.

Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.