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Economy of Brazil vs Eritrea compared: GDP & Debt

Updated on by Georank team

Brazil has a GDP of $2.19T compared to $2.07B for Eritrea, ranking 10/197 and 179/197 by economy size, respectively.

Brazil has $1.91T in government debt (87.3% of GDP), compared to $3.54B (260.4% of GDP) in Eritrea.

Brazil vs Eritrea GDP by year

Brazil
Eritrea
1x
Year GDP, current $
Brazil Eritrea
2024 $2,185,821,648,944 -
2023 $2,191,131,869,706 -
2022 $1,951,923,832,084 -
2021 $1,670,647,464,063 -
2020 $1,476,107,292,152 -
2019 $1,873,288,158,839 -
2018 $1,916,933,708,353 -
2017 $2,063,514,688,806 -
2016 $1,795,693,265,999 -
2015 $1,802,211,999,456 -
2014 $2,456,043,766,032 -
2013 $2,472,819,362,044 -
2012 $2,465,228,293,707 -
2011 $2,616,156,606,579 $2,065,001,626
2010 $2,208,838,108,484 $1,589,515,447
2009 $1,666,996,294,252 $1,856,695,551
2008 $1,695,855,391,758 $1,380,188,800
2007 $1,397,114,247,189 $1,317,974,491
2006 $1,107,626,711,163 $1,211,161,880
2005 $891,633,826,625 $1,098,424,686
2004 $669,289,321,945 $1,109,054,005
2003 $558,233,724,165 $870,248,268
2002 $509,795,270,685 $729,321,680
2001 $559,983,704,094 $752,371,689
2000 $655,448,188,259 $706,370,816
1999 $599,642,075,004 $688,918,537
1998 $863,711,007,325 $745,523,117
1997 $883,206,452,795 $686,490,090
1996 $850,426,433,004 $693,535,954
1995 $769,333,330,412 $578,015,625
1994 $525,369,851,354 $531,688,312
1993 $368,295,778,245 $467,872,715
1992 $328,187,960,872 $477,101,652
1991 $342,609,231,343 -
1990 $390,725,626,003 -
1989 $412,990,820,287 -
1988 $307,881,930,752 -
1987 $283,056,836,894 -
1986 $256,480,852,471 -
1985 $210,879,844,639 -
1984 $188,339,974,087 -
1983 $189,656,506,321 -
1982 $271,314,113,768 -
1981 $258,015,174,749 -
1980 $237,393,489,893 -
1979 $221,338,204,480 -
1978 $200,278,646,124 -
1977 $176,344,101,402 -
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/eritrea | CC BY

GDP per capita in Brazil vs Eritrea by year

Brazil
GDP per capita

GDP per capita, PPP
Eritrea
GDP per capita

GDP per capita, PPP
1x
Year Current $
Brazil Eritrea
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $10,311 $22,338 - -
2023 $10,378 $21,176 - -
2022 $9,281 $19,877 - -
2021 $7,973 $18,076 - -
2020 $7,074 $16,102 - -
2019 $9,030 $16,070 - -
2018 $9,301 $15,464 - -
2017 $10,081 $14,559 - -
2016 $8,836 $14,309 - -
2015 $8,936 $14,821 - -
2014 $12,275 $15,827 - -
2013 $12,459 $15,722 - -
2012 $12,522 $15,198 - -
2011 $13,397 $15,212 $689 $1,742
2010 $11,403 $14,452 $540 $1,599
2009 $8,679 $13,391 $643 $1,577
2008 $8,908 $13,445 $490 $1,547
2007 $7,410 $12,673 $480 $1,727
2006 $5,934 $11,751 $448 $1,682
2005 $4,828 $11,081 $413 $1,674
2004 $3,664 $10,526 $427 $1,621
2003 $3,091 $9,802 $349 $1,621
2002 $2,856 $9,617 $305 $1,702
2001 $3,176 $9,304 $325 $1,684
2000 $3,767 $9,092 $314 $1,558
1999 $3,494 $8,635 $311 $1,597
1998 $5,106 $8,599 $342 $1,598
1997 $5,299 $8,602 $319 $1,573
1996 $5,179 $8,301 $326 $1,449
1995 $4,757 $8,097 $285.4 $1,369
1994 $3,299 $7,727 $277.8 $1,379
1993 $2,349 $7,260 $252.1 $1,149
1992 $2,127 $6,869 $265.2 $1,021
1991 $2,258 $6,867 - -
1990 $2,620 $6,688 - -
1989 $2,819 - - -
1988 $2,141 - - -
1987 $2,006 - - -
1986 $1,854 - - -
1985 $1,556 - - -
1984 $1,420 - - -
1983 $1,461 - - -
1982 $2,138 - - -
1981 $2,080 - - -
1980 $1,959 - - -
1979 $1,870 - - -
1978 $1,733 - - -
1977 $1,562 - - -
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/eritrea | CC BY

Brazil's GDP per capita is $10,311, ranking 85/197, compared to $689 in Eritrea, ranking 188/197. Adjusted for purchasing power (GDP per capita PPP), Brazil ranks 88th at $22,338, while Eritrea ranks 191st at $1,742.

Economic indicators

Brazil Eritrea
Gross domestic product
$2.19T
2024
$2.07B
2011
GDP rank
10/197
2024
179/197
2011
GDP growth
3.42%
2023-2024
8.68%
2010-2011
GDP per capita
$10,311
2024
$689
2011
GDP per capita rank
85/197
2024
188/197
2011
GDP per capita, PPP
$22,338
2024
$1,742
2011
GDP per capita PPP rank
88/197
2024
191/197
2011
Government debt
$1.91T
2024
$3.54B
2011
Debt-to-GDP ratio
87.3%
2024
260.4%
2019
Government debt per person
$8,999
2024
$1,182
2011
Government debt per person rank
60/185
2024
136/185
2011
Average annual personal income after taxes
$6,263
2026
$1,129
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
31.3%
2019
Consumer prices inflation
4.4%
2023-2024
1.3%
2018-2019
Central bank interest rate
15%
2025
n/a
Unemployment rate
6.8%
2024
5.8%
2017
Population
213824938
3700586

Spending and national debt comparison by year

Brazil
Spending

Debt
Eritrea
Spending

Debt
1x
Year % of GDP
Brazil Eritrea
Government spending Government debt Government spending Government debt
2024 45.7% 87.3% - -
2023 45.3% 84% - -
2022 43.4% 83.9% - -
2021 40.4% 88.9% - -
2020 46.2% 96% - -
2019 43% 87.1% 31.3% 260.4%
2018 44.2% 84.8% 26.4% 267.1%
2017 44.3% 82.7% 42.5% 290.4%
2016 45.5% 77.4% 30.9% 251.2%
2015 46.2% 71.7% 31.1% 271.4%
2014 41.4% 61.6% 21.6% 204.5%
2013 39.8% 59.6% 32.7% 232.4%
2012 39.3% 61.6% 33.3% 171.6%
2011 39.4% 60.6% 32.3% 171.6%
2010 39.5% 62.4% 42.4% 201.8%
2009 40.5% 64.7% 44.9% 207.1%
2008 39.9% 61.4% 69.4% 259.7%
2007 40.4% 63% 51.2% 201.3%
2006 42.6% 64.6% 50.5% 199%
2005 41.9% 67% 76.6% 205.4%
2004 39.7% 68% 57.1% 193.5%
2003 41.3% 71.5% 58.1% 264%
2002 44.5% 76.1% 60.1% 243.4%
2001 39.8% 67.3% 59.5% 238.6%
2000 34.5% 62.2% 84.7% 219.1%
1999 39.6% 44.5% 106.1% -
1998 40.9% 38.9% 88% -
1997 38.6% 31.8% 60.1% -
1996 38.2% 30.7% 68.6% -
1995 - 28% 81.2% -
1994 - 30% 50.4% -
1993 - 32.6% 67.2% -
1992 - 37.1% 32.7% -
1991 - 38.1% - -
1990 - 40.6% - -
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 (1992–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–2000, retrieved 2026-02-20).

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

In 2024, Brazil's government spending was $998B, accounting for 45.7% of its GDP, while Eritrea spent $666M, or 31.3% of GDP.

Debt-to-GDP ratio is 87.3% in Brazil and 260.4% in Eritrea, ranking 38/185 and 2/185, respectively.

Government deficit by year

Deficit/surplus
Brazil

Eritrea
1x
Year Deficit/surplus, % of GDP
Brazil Eritrea
2024 -6.19% -
2023 -7.71% -
2022 -3.96% -
2021 -2.63% -
2020 -11.6% -
2019 -4.86% 2.72%
2018 -6.99% 5.22%
2017 -7.97% -5.74%
2016 -7.99% -1.44%
2015 -9.28% -2.77%
2014 -6.27% -0.12%
2013 -3.42% -7.62%
2012 -2.35% -5.21%
2011 -2.74% -5.5%
2010 -3.55% -16.5%
2009 -4.23% -22.2%
2008 -2.39% -38%
2007 -2.66% -19.8%
2006 -4.87% -15.5%
2005 -3.36% -31%
2004 -2.95% -7.65%
2003 -5.4% 6.23%
2002 -4.15% -13.3%
2001 -3.47% -9.62%
2000 -3.32% -25.4%
1999 -5.17% -59.7%
1998 -7.22% -40.3%
1997 -5.6% -5.65%
1996 -5.35% -18.4%
1995 - -22.9%
1994 - 8.69%
1993 - 4.22%
1992 - 6.85%
1991 - -
1990 - -
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 (1992–2024, retrieved 2026-02-20).

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

In 2011, Brazil's government deficit, the difference between spending and revenue, was $71.7B, equivalent to 2.74% of GDP. This compares to Eritrea's deficit of $114M, or 5.5% of GDP.

Over the past 20 years, Brazil recorded a fiscal deficit in 16 of those years, while Eritrea ran a deficit in 16 years. On average, Brazil posted an annual deficit equal to 4.15% of GDP, compared to deficit of 16.3% of GDP for Eritrea.

Inflation comparison by year

Inflation
Brazil

Eritrea
1x
Year Consumer prices inflation
Brazil Eritrea
2024 4.4% -
2023 4.6% -
2022 9.3% -
2021 8.3% -
2020 3.2% -
2019 3.7% 1.3%
2018 3.7% -14.4%
2017 3.4% -13.3%
2016 8.7% -5.6%
2015 9% 28.5%
2014 6.3% 8.4%
2013 6.2% 6.3%
2012 5.4% 6%
2011 6.6% 5.9%
2010 5% 10.3%
2009 4.9% 33.9%
2008 5.7% 22.2%
2007 3.6% 9.4%
2006 4.2% 7.7%
2005 6.9% 12.5%
2004 6.6% 25.1%
2003 14.7% 22.7%
2002 8.4% 16.9%
2001 6.8% 14.6%
2000 7% 19.9%
1999 4.9% 8.4%
1998 3.2% 9.5%
1997 6.9% 3.7%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20).

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

Over the past 23 years, Brazil has recorded an average annual inflation rate of 6.17%, compared with 10.4% in Eritrea. In 2019, inflation was 4.4% in Brazil and 1.3% in Eritrea.

Top exports between countries

Brazil
Export category Export value
Processed food, beverages & tobacco $4.8M
Raw materials & minerals $34K
Metals $21K
Wood & paper products $21K
Machinery & equipment $16K
Chemicals & pharma $9K
Textiles & consumer goods $4K
Precious metals & jewellery $1K
Eritrea
Export category Export value

Balance of trade

Brazil Eritrea
Current account balance
-$66.2B
2024
-$105M
2000
Current account balance ranking
188/190
2024
89/190
2000
Current account balance, % of GDP
-3.03%
2024
-14.8%
2000
Goods imports
$274B
2024
$471M
2000
Goods exports
$340B
2024
$36.8M
2000
Service imports
$103B
2024
$28.5M
2000
Service exports
$48.1B
2024
$60.9M
2000
Imports of goods and services, % of GDP
17.6%
2024
29.2%
2011
Exports of goods and services, % of GDP
17.9%
2024
18.2%
2011

Economic freedom indices

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

Brazil Eritrea
Economic freedom 52.4 39.6
Economic freedom ranking 148/197 188/197
Property rights 49.2 4.8
Government integrity 37.2 10.9
Judicial effectiveness 55.6 5.5
Tax burden 70.6 80.3
Government spending 39.8 62.3
Fiscal health 28 69
Business freedom 65.7 30.7
Labor freedom 57 43.4
Monetary freedom 76 80
Trade freedom 69 68.4
Investment freedom 40 0
Financial freedom 40 20

Economic freedom comparison by year

Brazil
Eritrea
1x
Year Economic freedom index
Brazil Eritrea
2026 52.4 39.6
2025 55.1 38.6
2024 53.2 39.5
2023 53.5 39.5
2022 53.3 39.7
2021 53.4 42.3
2020 53.7 38.5
2019 51.9 38.9
2018 51.4 41.7
2017 52.9 42.2
2016 56.5 42.7
2015 56.6 38.9
2014 56.9 38.5
2013 57.7 36.3
2012 57.9 36.2
2011 56.3 36.7
2010 55.6 35.3
2009 56.7 38.5
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/eritrea | CC BY

The Economic Freedom Index for Brazil is 52.4, ranking 148/197, compared to 39.6 for Eritrea, ranking 188/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Brazil Eritrea
Services, % of GDP
59.2%
2024
n/a
Industry, % of GDP
20.9%
2024
21.8%
2009
Agriculture, forestry, and fishing, % of GDP
5.75%
2024
14.1%
2009
GNI, Atlas method
$2.11T
2024
$1.94B
2011
GNI per capita, PPP
$21,590
2024
$1,720
2011
Total reserves including gold
$330B
2024
$192M
2019
Total reserves ranking
11/177
2024
170/177
2019
Net foreign direct investment
-$47.8B
2024
-$27.9M
2000
Net inflows of foreign direct investment
$74.1B
2024
-$27.9M
2024
Net outflows of foreign direct investment
$26.3B
2024
$0
2024
Servicing debt to the IMF, % of GNI
5.4%
2024
1.07%
2011
Poverty at national poverty lines
4.2%
2020
50%
2020
Gross capital formation, % of GDP
17%
2024
12.6%
2011

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/eritrea | 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 (1992–2024, 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 (2021–2024, retrieved 2026-02-08)
  7. Central Intelligence Agency (CIA) (2017–2020, 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.