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Economy of Brazil vs Romania compared: GDP & Debt

Updated on by Georank team

Brazil has a GDP of $2.19T compared to $383B for Romania, ranking 10/197 and 42/197 by economy size, respectively.

Brazil has $1.91T in government debt (87.3% of GDP), compared to $220B (57.4% of GDP) in Romania.

Brazil vs Romania GDP by year

Brazil
Romania
1x
Year GDP, current $
Brazil Romania
2024 $2,185,821,648,944 $382,564,217,989
2023 $2,191,131,869,706 $347,757,995,759
2022 $1,951,923,832,084 $295,319,437,557
2021 $1,670,647,464,063 $285,071,280,114
2020 $1,476,107,292,152 $250,625,048,304
2019 $1,873,288,158,839 $250,080,428,512
2018 $1,916,933,708,353 $241,791,427,224
2017 $2,063,514,688,806 $210,147,385,855
2016 $1,795,693,265,999 $185,290,759,249
2015 $1,802,211,999,456 $177,885,131,240
2014 $2,456,043,766,032 $199,722,319,676
2013 $2,472,819,362,044 $189,798,603,751
2012 $2,465,228,293,707 $179,117,323,107
2011 $2,616,156,606,579 $192,623,977,894
2010 $2,208,838,108,484 $170,064,350,672
2009 $1,666,996,294,252 $174,110,532,659
2008 $1,695,855,391,758 $214,315,932,061
2007 $1,397,114,247,189 $174,588,782,939
2006 $1,107,626,711,163 $122,023,735,993
2005 $891,633,826,625 $98,454,380,120
2004 $669,289,321,945 $74,973,656,852
2003 $558,233,724,165 $57,806,384,143
2002 $509,795,270,685 $46,065,502,703
2001 $559,983,704,094 $40,395,116,581
2000 $655,448,188,259 $37,253,739,511
1999 $599,642,075,004 $35,953,156,754
1998 $863,711,007,325 $41,696,091,974
1997 $883,206,452,795 $35,575,214,078
1996 $850,426,433,004 $36,937,074,278
1995 $769,333,330,412 $37,430,162,103
1994 $525,369,851,354 $30,072,805,104
1993 $368,295,778,245 $26,361,160,450
1992 $328,187,960,872 $25,121,666,667
1991 $342,609,231,343 $28,850,634,900
1990 $390,725,626,003 $38,247,882,300
1989 $412,990,820,287 $41,450,777,202
1988 $307,881,930,752 $40,424,528,302
1987 $283,056,836,894 $38,067,567,568
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/romania | CC BY

GDP per capita in Brazil vs Romania by year

Brazil
GDP per capita

GDP per capita, PPP
Romania
GDP per capita

GDP per capita, PPP
1x
Year Current $
Brazil Romania
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $10,311 $22,338 $20,080 $49,077
2023 $10,378 $21,176 $18,244 $45,982
2022 $9,281 $19,877 $15,504 $41,979
2021 $7,973 $18,076 $14,908 $37,534
2020 $7,074 $16,102 $13,009 $34,194
2019 $9,030 $16,070 $12,910 $33,425
2018 $9,301 $15,464 $12,416 $29,383
2017 $10,081 $14,559 $10,728 $26,943
2016 $8,836 $14,309 $9,405 $23,905
2015 $8,936 $14,821 $8,977 $21,625
2014 $12,275 $15,827 $10,032 $20,633
2013 $12,459 $15,722 $9,498 $19,678
2012 $12,522 $15,198 $8,930 $19,808
2011 $13,397 $15,212 $9,561 $18,804
2010 $11,403 $14,452 $8,400 $17,355
2009 $8,679 $13,391 $8,548 $16,641
2008 $8,908 $13,445 $10,435 $16,782
2007 $7,410 $12,673 $8,360 $13,703
2006 $5,934 $11,751 $5,758 $11,554
2005 $4,828 $11,081 $4,618 $9,602
2004 $3,664 $10,526 $3,495 $8,989
2003 $3,091 $9,802 $2,679 $7,559
2002 $2,856 $9,617 $2,120 $7,162
2001 $3,176 $9,304 $1,825 $6,520
2000 $3,767 $9,092 $1,660 $5,850
1999 $3,494 $8,635 $1,600 $5,596
1998 $5,106 $8,599 $1,853 $5,545
1997 $5,299 $8,602 $1,577 $5,564
1996 $5,179 $8,301 $1,633 $5,746
1995 $4,757 $8,097 $1,650 $5,429
1994 $3,299 $7,727 $1,323 $4,995
1993 $2,349 $7,260 $1,158 $4,699
1992 $2,127 $6,869 $1,102 $4,515
1991 $2,258 $6,867 $1,254 $4,795
1990 $2,620 $6,688 $1,648 $5,280
1989 $2,819 - $1,790 -
1988 $2,141 - $1,753 -
1987 $2,006 - $1,659 -
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/romania | CC BY

Brazil's GDP per capita is $10,311, ranking 85/197, compared to $20,080 in Romania, ranking 58/197. Adjusted for purchasing power (GDP per capita PPP), Brazil ranks 88th at $22,338, while Romania ranks 47th at $49,077.

Economic indicators

Brazil Romania
Gross domestic product
$2.19T
2024
$383B
2024
GDP rank
10/197
2024
42/197
2024
GDP growth
3.42%
2023-2024
0.92%
2023-2024
GDP per capita
$10,311
2024
$20,080
2024
GDP per capita rank
85/197
2024
58/197
2024
GDP per capita, PPP
$22,338
2024
$49,077
2024
GDP per capita PPP rank
88/197
2024
47/197
2024
Government debt
$1.91T
2024
$220B
2024
Debt-to-GDP ratio
87.3%
2024
57.4%
2024
Government debt per person
$8,999
2024
$11,533
2024
Government debt per person rank
60/185
2024
48/185
2024
Average annual personal income after taxes
$6,263
2026
$13,912
2026
Market capitalization of domestic companies
$659B
2024
$47.4B
2024
Number of millionaires
433,000
2025
n/a
Number of billionaires
56
2025
6
2025
Income share by richest 10%
40.8%
2023
21.8%
2023
Income share by poorest 10%
1.3%
2023
2.4%
2023
Government expenditure, % of GDP
45.7%
2024
39.9%
2024
Consumer prices inflation
4.4%
2023-2024
5.6%
2023-2024
Central bank interest rate
15%
2025
6.5%
2024
Unemployment rate
6.8%
2024
5.43%
2024
Population
213824938
18839108

Spending and national debt comparison by year

Brazil
Spending

Debt
Romania
Spending

Debt
1x
Year % of GDP
Brazil Romania
Government spending Government debt Government spending Government debt
2024 45.7% 87.3% 39.9% 57.4%
2023 45.3% 84% 36.6% 52.1%
2022 43.4% 83.9% 37.4% 51.7%
2021 40.4% 88.9% 37% 51.5%
2020 46.2% 96% 38.1% 49.3%
2019 43% 87.1% 33.2% 36.5%
2018 44.2% 84.8% 31.7% 36.2%
2017 44.3% 82.7% 31% 37.1%
2016 45.5% 77.4% 31.8% 39.5%
2015 46.2% 71.7% 34.2% 39.4%
2014 41.4% 61.6% 33.8% 40.5%
2013 39.8% 59.6% 34.2% 39.3%
2012 39.3% 61.6% 33.5% 36.2%
2011 39.4% 60.6% 35% 32.6%
2010 39.5% 62.4% 37.4% 30.2%
2009 40.5% 64.7% 36.3% 22.5%
2008 39.9% 61.4% 35.3% 13%
2007 40.4% 63% 34.6% 12.4%
2006 42.6% 64.6% 33.9% 12.7%
2005 41.9% 67% 32.3% 17.8%
2004 39.7% 68% 33.7% 21.3%
2003 41.3% 71.5% 31.8% 24.9%
2002 44.5% 76.1% 32.1% 27.4%
2001 39.8% 67.3% 33.2% 27.4%
2000 34.5% 62.2% 35% 29.6%
1999 39.6% 44.5% 35.1% 21.7%
1998 40.9% 38.9% 34.7% 16.5%
1997 38.6% 31.8% 33.5% 15%
1996 38.2% 30.7% 33.5% 11%
1995 - 28% 34.4% 6.91%
1994 - 30% 33.1% -
1993 - 32.6% 33.5% -
1992 - 37.1% 41.5% -
1991 - 38.1% 38.3% -
1990 - 40.6% 38.4% -
1989 - 40.2% 40.1% -
1988 - 46.9% 36.6% -
1987 - 50.3% 40.7% -
1986 11.7% 49.4% 42.5% -
1985 11.1% 52.6% 41.6% -
1984 10% 55.8% 28.6% -
1983 9.7% 51.5% 25.8% -
1982 8.1% 32.8% 28.5% -
1981 7.8% 34.6% 30.4% -
1980 6.8% 39.7% 33.6% -
1979 9% 36.6% 42% -
1978 10.2% 37% 42.1% -
1977 10.4% 31% 39.9% -
1976 10.6% 31.8% 37.5% -
1975 10.7% 27.7% 40.6% -
1974 10.5% 25.7% 37.6% -
1973 11% 22.4% 32.6% -
1972 12.6% 22.5% 29.9% -
1971 11.7% 17.9% 27.2% -
1970 11.4% 17% 28.1% -
1969 11.2% 16.5% 32.1% -
1968 14.4% 15.8% 31.8% -
1967 13.5% 13.8% 30.6% -
1966 14.6% 19.6% 27.3% -
1965 14% 17.6% 25.6% -
1964 25.4% 22.2% 25.1% -
1963 22.8% 20.4% 23.1% -
1962 23.1% 23.7% 43.4% -
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/romania | CC BY

In 2024, Brazil's government spending was $998B, accounting for 45.7% of its GDP, while Romania spent $153B, or 39.9% of GDP.

Debt-to-GDP ratio is 87.3% in Brazil and 57.4% in Romania, ranking 38/185 and 87/185, respectively.

Government deficit by year

Deficit/surplus
Brazil

Romania
1x
Year Deficit/surplus, % of GDP
Brazil Romania
2024 -6.19% -8.68%
2023 -7.71% -5.61%
2022 -3.96% -5.83%
2021 -2.63% -6.7%
2020 -11.6% -9.54%
2019 -4.86% -4.55%
2018 -6.99% -2.74%
2017 -7.97% -2.86%
2016 -7.99% -2.5%
2015 -9.28% -1.35%
2014 -6.27% -1.76%
2013 -3.42% -2.44%
2012 -2.35% -2.39%
2011 -2.74% -4.14%
2010 -3.55% -6.22%
2009 -4.23% -6.86%
2008 -2.39% -4.6%
2007 -2.66% -3.05%
2006 -4.87% -1.36%
2005 -3.36% -0.69%
2004 -2.95% -3.39%
2003 -5.4% -2.29%
2002 -4.15% -2.59%
2001 -3.47% -3.2%
2000 -3.32% -3.99%
1999 -5.17% -3.58%
1998 -7.22% -5.33%
1997 -5.6% -5.19%
1996 -5.35% -4.74%
1995 - -3.32%
1994 - -2.2%
1993 - -0.35%
1992 - -4.55%
1991 - 3.23%
1990 - 1.03%
1989 - -2.87%
1988 - 8.4%
1987 - 2.37%
1986 -1.6% 5.72%
1985 -1.3% 6.36%
1984 -0.4% 15.2%
1983 0.1% 9.35%
1982 1.4% 0.36%
1981 1% 0.61%
1980 2.5% -1.95%
1979 0.4% 0%
1978 -0.1% 0%
1977 0.1% 0.23%
1976 0.1% 0.66%
1975 0% 0.41%
1974 0.6% 0.51%
1973 0.1% 1.53%
1972 -0.1% 1.21%
1971 -0.3% 0.89%
1970 -0.4% 0.52%
1969 -0.6% 0.93%
1968 -1.6% 1.65%
1967 -2.1% 1.23%
1966 -1.3% 0.91%
1965 -2% -1.29%
1964 -8.79% -3.11%
1963 -5.78% -1.61%
1962 -6.82% -4.86%
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/romania | 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 Romania's deficit of $33.2B, or 8.68% of GDP.

Over the past 38 years, Brazil recorded a fiscal deficit in 29 of those years, while Romania ran a deficit in 34 years. On average, Brazil posted an annual deficit equal to 5.09% of GDP, compared to deficit of 3.06% of GDP for Romania.

Inflation comparison by year

Inflation
Brazil

Romania
1x
Year Consumer prices inflation
Brazil Romania
2024 4.4% 5.6%
2023 4.6% 10.4%
2022 9.3% 13.8%
2021 8.3% 5%
2020 3.2% 2.6%
2019 3.7% 3.8%
2018 3.7% 4.6%
2017 3.4% 1.3%
2016 8.7% -1.6%
2015 9% -0.6%
2014 6.3% 1.1%
2013 6.2% 4%
2012 5.4% 3.3%
2011 6.6% 5.8%
2010 5% 6.1%
2009 4.9% 5.6%
2008 5.7% 7.8%
2007 3.6% 4.8%
2006 4.2% 6.6%
2005 6.9% 9%
2004 6.6% 11.9%
2003 14.7% 15.4%
2002 8.4% 22.5%
2001 6.8% 34.5%
2000 7% 45.7%
1999 4.9% 45.8%
1998 3.2% 59.1%
1997 6.9% 154.8%

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

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

Over the past 28 years, Brazil has recorded an average annual inflation rate of 6.13%, compared with 17.5% in Romania. In 2024, inflation was 4.4% in Brazil and 5.6% in Romania.

Top exports between countries

Brazil
Export category Export value
Processed food, beverages & tobacco $67.8M
Machinery & equipment $40.4M
Raw agricultural goods $24.5M
Raw materials & minerals $14.1M
Wood & paper products $6.3M
Animal & marine products $6.01M
Textiles & consumer goods $5.02M
Metals $4.48M
Chemicals & pharma $1.91M
Precious metals & jewellery $667K
Romania
Export category Export value
Machinery & equipment $189M
Metals $19.9M
IT & IP services $15.4M
Raw materials & minerals $10.8M
Chemicals & pharma $8.79M
Transport & tourism services $8.53M
Textiles & consumer goods $3.73M
Wood & paper products $1.29M
Business & finance services $1.05M
Processed food, beverages & tobacco $1.03M

Balance of trade

Brazil Romania
Current account balance
-$66.2B
2024
-$31.2B
2024
Current account balance ranking
188/190
2024
185/190
2024
Current account balance, % of GDP
-3.03%
2024
-8.16%
2024
Goods imports
$274B
2024
$129B
2024
Goods exports
$340B
2024
$93.3B
2024
Service imports
$103B
2024
$30.2B
2024
Service exports
$48.1B
2024
$42.9B
2024
Imports of goods and services, % of GDP
17.6%
2024
41.6%
2024
Exports of goods and services, % of GDP
17.9%
2024
35.6%
2024

Economic freedom indices

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

Brazil Romania
Economic freedom 52.4 65.4
Economic freedom ranking 148/197 64/197
Property rights 49.2 81
Government integrity 37.2 50
Judicial effectiveness 55.6 67
Tax burden 70.6 89.1
Government spending 39.8 56.7
Fiscal health 28 21.4
Business freedom 65.7 74.4
Labor freedom 57 63.6
Monetary freedom 76 72.7
Trade freedom 69 79.4
Investment freedom 40 70
Financial freedom 40 60

Economic freedom comparison by year

Brazil
Romania
1x
Year Economic freedom index
Brazil Romania
2026 52.4 65.4
2025 55.1 66.5
2024 53.2 64.4
2023 53.5 64.5
2022 53.3 67.1
2021 53.4 69.5
2020 53.7 69.7
2019 51.9 68.6
2018 51.4 69.4
2017 52.9 69.7
2016 56.5 65.6
2015 56.6 66.6
2014 56.9 65.5
2013 57.7 65.1
2012 57.9 64.4
2011 56.3 64.7
2010 55.6 64.2
2009 56.7 63.2
2008 56.2 61.7
2007 56.2 61.2
2006 60.9 58.2
2005 61.7 52.1
2004 62 50
2003 63.4 50.6
2002 61.5 48.7
2001 61.9 50
2000 61.1 52.1
1999 61.3 50.1
1998 52.3 54.4
1997 52.6 50.8
1996 48.1 46.2
1995 51.4 42.9

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

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

The Economic Freedom Index for Brazil is 52.4, ranking 148/197, compared to 65.4 for Romania, ranking 64/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Brazil Romania
Services, % of GDP
59.2%
2024
62.6%
2024
Industry, % of GDP
20.9%
2024
25.3%
2024
Agriculture, forestry, and fishing, % of GDP
5.75%
2024
2.81%
2024
GNI, Atlas method
$2.11T
2024
$335B
2024
GNI per capita, PPP
$21,590
2024
$47,920
2024
Total reserves including gold
$330B
2024
$73.4B
2024
Total reserves ranking
11/177
2024
35/177
2024
Net foreign direct investment
-$47.8B
2024
-$5.17B
2024
Net inflows of foreign direct investment
$74.1B
2024
$7.16B
2024
Net outflows of foreign direct investment
$26.3B
2024
$1.99B
2024
Servicing debt to the IMF, % of GNI
5.4%
2024
n/a
Poverty at national poverty lines
4.2%
2020
19%
2023
Gross capital formation, % of GDP
17%
2024
25%
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/romania | 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)
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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.