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Economy of Brazil vs Marshall Islands compared: GDP & Debt

Updated on by Georank team

Brazil has a GDP of $2.19T compared to $290M for the Marshall Islands, ranking 10/197 and 193/197 by economy size, respectively.

Brazil has $1.91T in government debt (87.3% of GDP), compared to $38.4M (13.2% of GDP) in the Marshall Islands.

Brazil vs Marshall Islands GDP by year

Brazil
Marshall Islands
1x
Year GDP, current $
Brazil Marshall Islands
2024 $2,185,821,648,944 $290,108,490
2023 $2,191,131,869,706 $263,761,322
2022 $1,951,923,832,084 $258,723,511
2021 $1,670,647,464,063 $261,245,544
2020 $1,476,107,292,152 $241,800,000
2019 $1,873,288,158,839 $232,900,000
2018 $1,916,933,708,353 $220,000,000
2017 $2,063,514,688,806 $213,700,000
2016 $1,795,693,265,999 $201,800,000
2015 $1,802,211,999,456 $183,700,000
2014 $2,456,043,766,032 $186,000,000
2013 $2,472,819,362,044 $186,400,000
2012 $2,465,228,293,707 $180,700,000
2011 $2,616,156,606,579 $172,300,000
2010 $2,208,838,108,484 $161,100,000
2009 $1,666,996,294,252 $151,200,000
2008 $1,695,855,391,758 $146,600,000
2007 $1,397,114,247,189 $150,500,000
2006 $1,107,626,711,163 $143,200,000
2005 $891,633,826,625 $138,000,000
2004 $669,289,321,945 $132,900,000
2003 $558,233,724,165 $131,128,500
2002 $509,795,270,685 $131,960,000
2001 $559,983,704,094 $122,406,100
2000 $655,448,188,259 $114,838,500
1999 $599,642,075,004 $113,352,100
1998 $863,711,007,325 $112,070,100
1997 $883,206,452,795 $109,884,700
1996 $850,426,433,004 $110,858,000
1995 $769,333,330,412 $120,230,000
1994 $525,369,851,354 $108,071,000
1993 $368,295,778,245 $99,461,000
1992 $328,187,960,872 $91,063,000
1991 $342,609,231,343 $82,507,000
1990 $390,725,626,003 $78,476,000
1989 $412,990,820,287 $72,798,000
1988 $307,881,930,752 $70,688,000
1987 $283,056,836,894 $62,983,000
1986 $256,480,852,471 $55,989,000
1985 $210,879,844,639 $43,879,000
1984 $188,339,974,087 $45,144,000
1983 $189,656,506,321 $41,749,000
1982 $271,314,113,768 $34,918,000
1981 $258,015,174,749 $31,020,000
1980 $237,393,489,893 $26,710,653
1979 $221,338,204,480 $25,545,346
1978 $200,278,646,124 $22,209,370
1977 $176,344,101,402 $20,210,069
1976 $153,168,949,208 $18,153,647
1975 $129,203,555,239 $16,691,301
1974 $109,794,519,728 $15,217,532
1973 $83,592,275,863 $11,607,366
1972 $58,434,858,375 $9,973,652
1971 $48,869,830,902 $9,116,810
1970 $42,327,664,794 $8,408,486
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/marshall-islands | CC BY

GDP per capita in Brazil vs Marshall Islands by year

Brazil
GDP per capita

GDP per capita, PPP
Marshall Islands
GDP per capita

GDP per capita, PPP
1x
Year Current $
Brazil Marshall Islands
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $10,311 $22,338 $7,726 $8,195
2023 $10,378 $21,176 $6,793 $7,549
2022 $9,281 $19,877 $6,456 $7,431
2021 $7,973 $18,076 $6,315 $6,768
2020 $7,074 $16,102 $5,662 $6,137
2019 $9,030 $16,070 $5,292 $6,045
2018 $9,301 $15,464 $4,858 $5,232
2017 $10,081 $14,559 $4,593 $4,719
2016 $8,836 $14,309 $4,230 $4,366
2015 $8,936 $14,821 $3,764 $4,125
2014 $12,275 $15,827 $3,735 $3,931
2013 $12,459 $15,722 $3,678 $3,845
2012 $12,522 $15,198 $3,514 $3,590
2011 $13,397 $15,212 $3,319 $3,537
2010 $11,403 $14,452 $3,095 $3,473
2009 $8,679 $13,391 $2,907 $3,253
2008 $8,908 $13,445 $2,818 $3,118
2007 $7,410 $12,673 $2,892 $3,309
2006 $5,934 $11,751 $2,754 $3,110
2005 $4,828 $11,081 $2,659 $3,017
2004 $3,664 $10,526 $2,566 $2,880
2003 $3,091 $9,802 $2,539 $2,824
2002 $2,856 $9,617 $2,566 $2,825
2001 $3,176 $9,304 $2,394 $2,700
2000 $3,767 $9,092 $2,265 $2,490
1999 $3,494 $8,635 $2,258 $2,400
1998 $5,106 $8,599 $2,254 $2,422
1997 $5,299 $8,602 $2,231 $2,434
1996 $5,179 $8,301 $2,273 $2,583
1995 $4,757 $8,097 $2,491 $2,858
1994 $3,299 $7,727 $2,265 $2,617
1993 $2,349 $7,260 $2,112 $2,452
1992 $2,127 $6,869 $1,963 $2,293
1991 $2,258 $6,867 $1,811 $2,131
1990 $2,620 $6,688 $1,758 $2,102
1989 $2,819 - $1,670 -
1988 $2,141 - $1,670 -
1987 $2,006 - $1,543 -
1986 $1,854 - $1,425 -
1985 $1,556 - $1,162 -
1984 $1,420 - $1,245 -
1983 $1,461 - $1,199 -
1982 $2,138 - $1,046 -
1981 $2,080 - $969 -
1980 $1,959 - $868 -
1979 $1,870 - $859 -
1978 $1,733 - $771 -
1977 $1,562 - $724 -
1976 $1,390 - $672 -
1975 $1,201 - $638 -
1974 $1,045 - $602 -
1973 $815 - $472 -
1972 $583 - $416 -
1971 $500 - $390 -
1970 $444 - $373 -
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/marshall-islands | CC BY

Brazil's GDP per capita is $10,311, ranking 85/197, compared to $7,726 in the Marshall Islands, ranking 96/197. Adjusted for purchasing power (GDP per capita PPP), Brazil ranks 88th at $22,338, while the Marshall Islands ranks 139th at $8,195.

Economic indicators

Brazil Marshall Islands
Gross domestic product
$2.19T
2024
$290M
2024
GDP rank
10/197
2024
193/197
2024
GDP growth
3.42%
2023-2024
2.5%
2023-2024
GDP per capita
$10,311
2024
$7,726
2024
GDP per capita rank
85/197
2024
96/197
2024
GDP per capita, PPP
$22,338
2024
$8,195
2024
GDP per capita PPP rank
88/197
2024
139/197
2024
Government debt
$1.91T
2024
$38.4M
2024
Debt-to-GDP ratio
87.3%
2024
13.2%
2024
Government debt per person
$8,999
2024
$1,022
2024
Government debt per person rank
60/185
2024
142/185
2024
Average annual personal income after taxes
$6,263
2026
$5,044
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
27.5%
2019
Income share by poorest 10%
1.3%
2023
2.8%
2019
Government expenditure, % of GDP
45.7%
2024
71.6%
2024
Consumer prices inflation
4.4%
2023-2024
5.2%
2023-2024
Central bank interest rate
15%
2025
n/a
Unemployment rate
6.8%
2024
9.82%
2021
Population
213824938
35058

Spending and national debt comparison by year

Brazil
Spending

Debt
Marshall Islands
Spending

Debt
1x
Year % of GDP
Brazil Marshall Islands
Government spending Government debt Government spending Government debt
2024 45.7% 87.3% 71.6% 13.2%
2023 45.3% 84% 68.4% 18.2%
2022 43.4% 83.9% 67.7% 19.8%
2021 40.4% 88.9% 69.8% 20.1%
2020 46.2% 96% 67.8% 21.7%
2019 43% 87.1% 65.5% 25.1%
2018 44.2% 84.8% 60.5% 24.7%
2017 44.3% 82.7% 63.7% 26.5%
2016 45.5% 77.4% 56.8% 29.2%
2015 46.2% 71.7% 56.3% 33.9%
2014 41.4% 61.6% 49.2% 34.9%
2013 39.8% 59.6% 55% 33.4%
2012 39.3% 61.6% 53.2% 37.6%
2011 39.4% 60.6% 55.9% 35.9%
2010 39.5% 62.4% 59.2% 38.8%
2009 40.5% 64.7% 63.1% 41.2%
2008 39.9% 61.4% 64.3% 44.1%
2007 40.4% 63% 67.2% 42.2%
2006 42.6% 64.6% 61.2% 44.4%
2005 41.9% 67% 85.3% 45.8%
2004 39.7% 68% 54.5% 46.8%
2003 41.3% 71.5% 52.9% 43.7%
2002 44.5% 76.1% 55.2% 37.2%
2001 39.8% 67.3% 58.8% 32.7%
2000 34.5% 62.2% 56.5% 27.3%
1999 39.6% 44.5% 48.7% 26.1%
1998 40.9% 38.9% 50.5% 18.1%
1997 38.6% 31.8% 55% 8.73%
1996 38.2% 30.7% - -
1995 - 28% - -
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 (1997–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–2000, retrieved 2026-02-20).

GeoRank.org/economy/brazil/marshall-islands | CC BY

In 2024, Brazil's government spending was $998B, accounting for 45.7% of its GDP, while the Marshall Islands spent $208M, or 71.6% of GDP.

Debt-to-GDP ratio is 87.3% in Brazil and 13.2% in the Marshall Islands, ranking 38/185 and 179/185, respectively.

Government deficit by year

Deficit/surplus
Brazil

Marshall Islands
1x
Year Deficit/surplus, % of GDP
Brazil Marshall Islands
2024 -6.19% 3.61%
2023 -7.71% 1.14%
2022 -3.96% 0.68%
2021 -2.63% 0.18%
2020 -11.6% 2.54%
2019 -4.86% -1.8%
2018 -6.99% 2.55%
2017 -7.97% 4.38%
2016 -7.99% 3.88%
2015 -9.28% 2.81%
2014 -6.27% 3.2%
2013 -3.42% -0.23%
2012 -2.35% -0.76%
2011 -2.74% 2.13%
2010 -3.55% 3.51%
2009 -4.23% 1.51%
2008 -2.39% 3.68%
2007 -2.66% 0.27%
2006 -4.87% 0.24%
2005 -3.36% -22.3%
2004 -2.95% -1.6%
2003 -5.4% 10.5%
2002 -4.15% 5.12%
2001 -3.47% 7.83%
2000 -3.32% 7.84%
1999 -5.17% 9.01%
1998 -7.22% 13.5%
1997 -5.6% 7.91%
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 (1997–2024, retrieved 2026-02-20).

GeoRank.org/economy/brazil/marshall-islands | 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 the Marshall Islands' surplus of $10.5M, or 3.61% of GDP.

Over the past 28 years, Brazil recorded a fiscal deficit in 28 of those years, while the Marshall Islands ran a deficit in 5 years. On average, Brazil posted an annual deficit equal to 5.08% of GDP, compared to surplus of 2.55% of GDP for the Marshall Islands.

Inflation comparison by year

Inflation
Brazil

Marshall Islands
1x
Year Consumer prices inflation
Brazil Marshall Islands
2024 4.4% 5.2%
2023 4.6% 7.4%
2022 9.3% 2.8%
2021 8.3% 2.2%
2020 3.2% -0.7%
2019 3.7% -0.1%
2018 3.7% 0.8%
2017 3.4% 0.1%
2016 8.7% -1.5%
2015 9% -2.2%
2014 6.3% 1.1%
2013 6.2% 1.9%
2012 5.4% 4.3%
2011 6.6% 5.4%
2010 5% 1.8%
2009 4.9% 0.5%
2008 5.7% 14.7%
2007 3.6% 2.6%
2006 4.2% 5.3%
2005 6.9% 3.5%
2004 6.6% 2%
2003 14.7% -
2002 8.4% -
2001 6.8% -
2000 7% -
1999 4.9% -
1998 3.2% -
1997 6.9% -

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

GeoRank.org/economy/brazil/marshall-islands | CC BY

Over the past 21 years, Brazil has recorded an average annual inflation rate of 5.7%, compared with 2.72% in the Marshall Islands. In 2024, inflation was 4.4% in Brazil and 5.2% in the Marshall Islands.

Top exports between countries

Brazil
Export category Export value
Raw materials & minerals $303M
Animal & marine products $4.5M
Processed food, beverages & tobacco $4.01M
Raw agricultural goods $3.42M
Chemicals & pharma $2M
Machinery & equipment $911K
Textiles & consumer goods $659K
Metals $588K
Wood & paper products $253K
Miscellaneous $79K
Marshall Islands
Export category Export value
Metals $235K
Textiles & consumer goods $121K
Raw materials & minerals $40K
Wood & paper products $14K
Machinery & equipment $7K
Animal & marine products $1K

Balance of trade

Brazil Marshall Islands
Current account balance
-$66.2B
2024
$76.3M
2021
Current account balance ranking
188/190
2024
70/190
2021
Current account balance, % of GDP
-3.03%
2024
+29.2%
2021
Goods imports
$274B
2024
$133M
2021
Goods exports
$340B
2024
$121M
2021
Service imports
$103B
2024
$73.1M
2021
Service exports
$48.1B
2024
$9.44M
2021
Imports of goods and services, % of GDP
17.6%
2024
81.7%
2024
Exports of goods and services, % of GDP
17.9%
2024
42.1%
2024

Economic freedom indices

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

Brazil Marshall Islands
Economic freedom 52.4 58
Economic freedom ranking 148/197 113/197
Property rights 49.2 n/a
Government integrity 37.2 n/a
Judicial effectiveness 55.6 n/a
Tax burden 70.6 n/a
Government spending 39.8 n/a
Fiscal health 28 n/a
Business freedom 65.7 n/a
Labor freedom 57 n/a
Monetary freedom 76 n/a
Trade freedom 69 n/a
Investment freedom 40 n/a
Financial freedom 40 n/a

Other economic metrics

Brazil Marshall Islands
Services, % of GDP
59.2%
2024
67%
2024
Industry, % of GDP
20.9%
2024
13.2%
2024
Agriculture, forestry, and fishing, % of GDP
5.75%
2024
19.6%
2024
GNI, Atlas method
$2.11T
2024
$319M
2024
GNI per capita, PPP
$21,590
2024
$9,680
2024
Total reserves including gold
$330B
2024
n/a
Total reserves ranking
11/177
2024
n/a
Net foreign direct investment
-$47.8B
2024
-$499K
2021
Net inflows of foreign direct investment
$74.1B
2024
$1.7M
2024
Net outflows of foreign direct investment
$26.3B
2024
$0
2024
Servicing debt to the IMF, % of GNI
5.4%
2024
n/a
Poverty at national poverty lines
4.2%
2020
7.2%
2019
Gross capital formation, % of GDP
17%
2024
20.7%
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/marshall-islands | 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 (1997–2024, retrieved 2026-02-20)
  4. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  5. TradeMap (2024, retrieved 2026-02-08)
  6. The Heritage Foundation | Economic Freedom Index (2026, retrieved 2026-03-09)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)
  9. Central Intelligence Agency (CIA) (2020, retrieved 2026-02-20)

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.