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Economy of Brazil vs Malta compared: GDP & Debt

Updated on by Georank team

Brazil has a GDP of $2.19T compared to $25B for Malta, ranking 10/197 and 119/197 by economy size, respectively.

Brazil has $1.91T in government debt (87.3% of GDP), compared to $11.5B (46.2% of GDP) in Malta.

Brazil vs Malta GDP by year

Brazil
Malta
1x
Year GDP, current $
Brazil Malta
2024 $2,185,821,648,944 $24,971,574,502
2023 $2,191,131,869,706 $22,610,561,526
2022 $1,951,923,832,084 $18,928,276,162
2021 $1,670,647,464,063 $19,739,875,611
2020 $1,476,107,292,152 $16,404,663,226
2019 $1,873,288,158,839 $16,337,793,531
2018 $1,916,933,708,353 $16,153,779,511
2017 $2,063,514,688,806 $14,161,366,724
2016 $1,795,693,265,999 $12,025,782,834
2015 $1,802,211,999,456 $11,340,795,042
2014 $2,456,043,766,032 $11,888,032,874
2013 $2,472,819,362,044 $10,796,782,636
2012 $2,465,228,293,707 $9,609,532,089
2011 $2,616,156,606,579 $9,789,361,703
2010 $2,208,838,108,484 $9,097,044,159
2009 $1,666,996,294,252 $8,734,745,698
2008 $1,695,855,391,758 $9,135,419,465
2007 $1,397,114,247,189 $7,908,412,306
2006 $1,107,626,711,163 $6,749,838,806
2005 $891,633,826,625 $6,393,234,993
2004 $669,289,321,945 $6,104,141,520
2003 $558,233,724,165 $5,418,315,224
2002 $509,795,270,685 $4,455,127,414
2001 $559,983,704,094 $4,070,867,133
2000 $655,448,188,259 $4,036,809,815
1999 $599,642,075,004 $4,111,857,809
1998 $863,711,007,325 $4,010,111,688
1997 $883,206,452,795 $3,787,023,707
1996 $850,426,433,004 $3,822,547,197
1995 $769,333,330,412 $3,709,396,045
1994 $525,369,851,354 $2,998,505,428
1993 $368,295,778,245 $2,709,193,538
1992 $328,187,960,872 $3,021,942,759
1991 $342,609,231,343 $2,750,216,747
1990 $390,725,626,003 $2,547,328,748
1989 $412,990,820,287 $2,118,655,677
1988 $307,881,930,752 $2,019,503,068
1987 $283,056,836,894 $1,751,293,461
1986 $256,480,852,471 $1,435,038,441
1985 $210,879,844,639 $1,117,797,439
1984 $188,339,974,087 $1,101,807,023
1983 $189,656,506,321 $1,165,729,707
1982 $271,314,113,768 $1,234,474,404
1981 $258,015,174,749 $1,243,509,394
1980 $237,393,489,893 $1,250,198,601
1979 $221,338,204,480 $1,001,288,847
1978 $200,278,646,124 $793,673,402
1977 $176,344,101,402 $625,563,171
1976 $153,168,949,208 $527,936,989
1975 $129,203,555,239 $474,618,321
1974 $109,794,519,728 $376,081,124
1973 $83,592,275,863 $345,616,106
1972 $58,434,858,375 $295,106,628
1971 $48,869,830,902 $264,578,485
1970 $42,327,664,794 $250,728,796
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/malta | CC BY

GDP per capita in Brazil vs Malta by year

Brazil
GDP per capita

GDP per capita, PPP
Malta
GDP per capita

GDP per capita, PPP
1x
Year Current $
Brazil Malta
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $10,311 $22,338 $43,899 $69,864
2023 $10,378 $21,176 $40,906 $67,057
2022 $9,281 $19,877 $35,639 $60,589
2021 $7,973 $18,076 $38,097 $56,852
2020 $7,074 $16,102 $31,823 $49,972
2019 $9,030 $16,070 $32,422 $51,393
2018 $9,301 $15,464 $33,382 $48,178
2017 $10,081 $14,559 $30,317 $45,764
2016 $8,836 $14,309 $26,459 $41,000
2015 $8,936 $14,821 $25,530 $38,369
2014 $12,275 $15,827 $27,425 $35,206
2013 $12,459 $15,722 $25,416 $33,138
2012 $12,522 $15,198 $22,878 $30,716
2011 $13,397 $15,212 $23,517 $29,426
2010 $11,403 $14,452 $21,947 $28,909
2009 $8,679 $13,391 $21,176 $26,782
2008 $8,908 $13,445 $22,315 $26,654
2007 $7,410 $12,673 $19,444 $25,012
2006 $5,934 $11,751 $16,654 $23,219
2005 $4,828 $11,081 $15,831 $22,227
2004 $3,664 $10,526 $15,212 $21,566
2003 $3,091 $9,802 $13,594 $20,813
2002 $2,856 $9,617 $11,251 $19,532
2001 $3,176 $9,304 $10,358 $18,435
2000 $3,767 $9,092 $10,348 $18,214
1999 $3,494 $8,635 $10,609 $16,898
1998 $5,106 $8,599 $10,408 $16,219
1997 $5,299 $8,602 $9,893 $15,465
1996 $5,179 $8,301 $10,062 $14,661
1995 $4,757 $8,097 $9,828 $13,950
1994 $3,299 $7,727 $8,000 $12,938
1993 $2,349 $7,260 $7,296 $12,103
1992 $2,127 $6,869 $8,220 $11,429
1991 $2,258 $6,867 $7,559 $10,784
1990 $2,620 $6,688 $7,192 $10,086
1989 $2,819 - $6,041 -
1988 $2,141 - $5,814 -
1987 $2,006 - $5,084 -
1986 $1,854 - $4,195 -
1985 $1,556 - $3,322 -
1984 $1,420 - $3,333 -
1983 $1,461 - $3,527 -
1982 $2,138 - $3,788 -
1981 $2,080 - $3,898 -
1980 $1,959 - $3,948 -
1979 $1,870 - $3,196 -
1978 $1,733 - $2,559 -
1977 $1,562 - $2,038 -
1976 $1,390 - $1,727 -
1975 $1,201 - $1,560 -
1974 $1,045 - $1,245 -
1973 $815 - $1,144 -
1972 $583 - $976 -
1971 $500 - $874 -
1970 $444 - $828 -
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/malta | CC BY

Brazil's GDP per capita is $10,311, ranking 85/197, compared to $43,899 in Malta, ranking 28/197. Adjusted for purchasing power (GDP per capita PPP), Brazil ranks 88th at $22,338, while Malta ranks 25th at $69,864.

Economic indicators

Brazil Malta
Gross domestic product
$2.19T
2024
$25B
2024
GDP rank
10/197
2024
119/197
2024
GDP growth
3.42%
2023-2024
6.8%
2023-2024
GDP per capita
$10,311
2024
$43,899
2024
GDP per capita rank
85/197
2024
28/197
2024
GDP per capita, PPP
$22,338
2024
$69,864
2024
GDP per capita PPP rank
88/197
2024
25/197
2024
Government debt
$1.91T
2024
$11.5B
2024
Debt-to-GDP ratio
87.3%
2024
46.2%
2024
Government debt per person
$8,999
2024
$20,269
2024
Government debt per person rank
60/185
2024
31/185
2024
Average annual personal income after taxes
$6,263
2026
$23,692
2026
Market capitalization of domestic companies
$659B
2024
$4.29B
2024
Number of millionaires
433,000
2025
n/a
Number of billionaires
56
2025
n/a
Income share by richest 10%
40.8%
2023
27.7%
2022
Income share by poorest 10%
1.3%
2023
2.7%
2022
Government expenditure, % of GDP
45.7%
2024
37.3%
2024
Consumer prices inflation
4.4%
2023-2024
1.65%
2023-2024
Central bank interest rate
15%
2025
n/a
Unemployment rate
6.8%
2024
3.12%
2024
Population
213824938
581729

Spending and national debt comparison by year

Brazil
Spending

Debt
Malta
Spending

Debt
1x
Year % of GDP
Brazil Malta
Government spending Government debt Government spending Government debt
2024 45.7% 87.3% 37.3% 46.2%
2023 45.3% 84% 36.1% 46.8%
2022 43.4% 83.9% 38.3% 50.1%
2021 40.4% 88.9% 39.4% 49.6%
2020 46.2% 96% 42.1% 48.6%
2019 43% 87.1% 34.9% 39.2%
2018 44.2% 84.8% 34.5% 41.4%
2017 44.3% 82.7% 32.7% 45.6%
2016 45.5% 77.4% 35.5% 53.1%
2015 46.2% 71.7% 37.8% 55%
2014 41.4% 61.6% 39.6% 60.7%
2013 39.8% 59.6% 40.1% 64.9%
2012 39.3% 61.6% 41.7% 65.6%
2011 39.4% 60.6% 41.5% 68.9%
2010 39.5% 62.4% 40.1% 65%
2009 40.5% 64.7% 41.1% 66%
2008 39.9% 61.4% 42.1% 61.5%
2007 40.4% 63% 41.2% 62%
2006 42.6% 64.6% 42.5% 64.5%
2005 41.9% 67% 42.5% 70.2%
2004 39.7% 68% 42% 70.4%
2003 41.3% 71.5% 45.6% 68.6%
2002 44.5% 76.1% 43.6% 65.1%
2001 39.8% 67.3% 44.4% 70%
2000 34.5% 62.2% 42.9% 64.4%
1999 39.6% 44.5% - 69.8%
1998 40.9% 38.9% - 66.4%
1997 38.6% 31.8% - 60.8%
1996 38.2% 30.7% - 51.5%
1995 - 28% - 45.3%
1994 - 30% - -
1993 - 32.6% - -
1992 - 37.1% - -
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 (1995–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–2000, retrieved 2026-02-20).

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

In 2024, Brazil's government spending was $998B, accounting for 45.7% of its GDP, while Malta spent $9.32B, or 37.3% of GDP.

Debt-to-GDP ratio is 87.3% in Brazil and 46.2% in Malta, ranking 38/185 and 118/185, respectively.

Government deficit by year

Deficit/surplus
Brazil

Malta
1x
Year Deficit/surplus, % of GDP
Brazil Malta
2024 -6.19% -3.58%
2023 -7.71% -4.65%
2022 -3.96% -5.31%
2021 -2.63% -6.95%
2020 -11.6% -8.72%
2019 -4.86% 0.72%
2018 -6.99% 1.86%
2017 -7.97% 3.4%
2016 -7.99% 1.1%
2015 -9.28% -0.84%
2014 -6.27% -1.49%
2013 -3.42% -2.19%
2012 -2.35% -3.31%
2011 -2.74% -2.99%
2010 -3.55% -2.22%
2009 -4.23% -3.11%
2008 -2.39% -4.06%
2007 -2.66% -2.05%
2006 -4.87% -2.46%
2005 -3.36% -2.83%
2004 -2.95% -4.28%
2003 -5.4% -9.04%
2002 -4.15% -5.62%
2001 -3.47% -6.5%
2000 -3.32% -5.83%
1999 -5.17% -
1998 -7.22% -
1997 -5.6% -
1996 -5.35% -
1995 - -
1994 - -
1993 - -
1992 - -
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 (2000–2024, retrieved 2026-02-20).

GeoRank.org/economy/brazil/malta | 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 Malta's deficit of $893M, or 3.58% of GDP.

Over the past 25 years, Brazil recorded a fiscal deficit in 25 of those years, while Malta ran a deficit in 21 years. On average, Brazil posted an annual deficit equal to 4.98% of GDP, compared to deficit of 3.24% of GDP for Malta.

Inflation comparison by year

Inflation
Brazil

Malta
1x
Year Consumer prices inflation
Brazil Malta
2024 4.4% 1.65%
2023 4.6% 5.09%
2022 9.3% 6.15%
2021 8.3% 1.5%
2020 3.2% 0.64%
2019 3.7% 1.64%
2018 3.7% 1.16%
2017 3.4% 1.36%
2016 8.7% 0.64%
2015 9% 1.1%
2014 6.3% 0.31%
2013 6.2% 1.18%
2012 5.4% 2.38%
2011 6.6% 2.96%
2010 5% 1.52%
2009 4.9% 2.08%
2008 5.7% 4.26%
2007 3.6% 1.25%
2006 4.2% 2.77%
2005 6.9% 3.01%
2004 6.6% 2.79%
2003 14.7% 1.3%
2002 8.4% 2.19%
2001 6.8% 2.93%
2000 7% 2.37%
1999 4.9% 2.13%
1998 3.2% 2.39%
1997 6.9% 3.11%

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/malta | CC BY

Over the past 28 years, Brazil has recorded an average annual inflation rate of 6.13%, compared with 2.21% in Malta. In 2024, inflation was 4.4% in Brazil and 1.65% in Malta.

Top exports between countries

Brazil
Export category Export value
Raw materials & minerals $124M
Processed food, beverages & tobacco $11.3M
Wood & paper products $8.7M
Chemicals & pharma $2.1M
Animal & marine products $1.91M
Raw agricultural goods $1.17M
Textiles & consumer goods $1.12M
Machinery & equipment $347K
Metals $210K
Miscellaneous $23K
Malta
Export category Export value
Transport & tourism services $2.88M
Machinery & equipment $2.59M
Business & finance services $355K
Chemicals & pharma $263K
IT & IP services $118K
Processed food, beverages & tobacco $81K
Precious metals & jewellery $68K
Raw materials & minerals $65K
Raw agricultural goods $39K
Textiles & consumer goods $33K

Balance of trade

Brazil Malta
Current account balance
-$66.2B
2024
$1.78B
2024
Current account balance ranking
188/190
2024
47/190
2024
Current account balance, % of GDP
-3.03%
2024
+7.12%
2024
Goods imports
$274B
2024
$7.56B
2024
Goods exports
$340B
2024
$4.58B
2024
Service imports
$103B
2024
$17.4B
2024
Service exports
$48.1B
2024
$25B
2024
Imports of goods and services, % of GDP
17.6%
2024
99.7%
2024
Exports of goods and services, % of GDP
17.9%
2024
118.5%
2024

Economic freedom indices

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

Brazil Malta
Economic freedom 52.4 68.2
Economic freedom ranking 148/197 49/197
Property rights 49.2 85.5
Government integrity 37.2 54.3
Judicial effectiveness 55.6 80.2
Tax burden 70.6 68.5
Government spending 39.8 58.4
Fiscal health 28 63.2
Business freedom 65.7 83.2
Labor freedom 57 62.6
Monetary freedom 76 73.1
Trade freedom 69 79.4
Investment freedom 40 60
Financial freedom 40 50

Economic freedom comparison by year

Brazil
Malta
1x
Year Economic freedom index
Brazil Malta
2026 52.4 68.2
2025 55.1 66.8
2024 53.2 64.5
2023 53.5 67.5
2022 53.3 71.5
2021 53.4 70.2
2020 53.7 69.5
2019 51.9 68.6
2018 51.4 68.5
2017 52.9 67.7
2016 56.5 66.7
2015 56.6 66.5
2014 56.9 66.4
2013 57.7 67.5
2012 57.9 67
2011 56.3 65.7
2010 55.6 67.2
2009 56.7 66.1
2008 56.2 66
2007 56.2 66.1
2006 60.9 67.3
2005 61.7 68.9
2004 62 63.3
2003 63.4 61.1
2002 61.5 62.2
2001 61.9 62.9
2000 61.1 58.3
1999 61.3 59.3
1998 52.3 61.2
1997 52.6 57.9
1996 48.1 55.8
1995 51.4 56.3

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

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

The Economic Freedom Index for Brazil is 52.4, ranking 148/197, compared to 68.2 for Malta, ranking 49/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Brazil Malta
Services, % of GDP
59.2%
2024
81.8%
2024
Industry, % of GDP
20.9%
2024
10.7%
2024
Agriculture, forestry, and fishing, % of GDP
5.75%
2024
0.23%
2024
GNI, Atlas method
$2.11T
2024
$20.9B
2024
GNI per capita, PPP
$21,590
2024
$61,340
2024
Total reserves including gold
$330B
2024
$1.42B
2024
Total reserves ranking
11/177
2024
137/177
2024
Net foreign direct investment
-$47.8B
2024
-$6.13B
2024
Net inflows of foreign direct investment
$74.1B
2024
$42.6B
2024
Net outflows of foreign direct investment
$26.3B
2024
$36.5B
2024
Servicing debt to the IMF, % of GNI
5.4%
2024
n/a
Poverty at national poverty lines
4.2%
2020
16.7%
2021
Gross capital formation, % of GDP
17%
2024
19%
2024

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/malta | 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 (1995–2024, 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)
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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.