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Economy of Brazil vs Russia compared: GDP & Debt

Updated on by Georank team

Brazil has a GDP of $2.19T compared to $2.17T for Russia, ranking 10/197 and 11/197 by economy size, respectively.

Brazil has $1.91T in government debt (87.3% of GDP), compared to $440B (20.3% of GDP) in Russia.

Brazil vs Russia GDP by year

Brazil
Russia
1x
Year GDP, current $
Brazil Russia
2024 $2,185,821,648,944 $2,173,835,806,672
2023 $2,191,131,869,706 $2,071,505,725,031
2022 $1,951,923,832,084 $2,291,612,121,335
2021 $1,670,647,464,063 $1,829,186,719,575
2020 $1,476,107,292,152 $1,493,075,894,362
2019 $1,873,288,158,839 $1,693,115,002,708
2018 $1,916,933,708,353 $1,657,328,773,461
2017 $2,063,514,688,806 $1,574,199,360,089
2016 $1,795,693,265,999 $1,276,786,350,881
2015 $1,802,211,999,456 $1,363,482,182,198
2014 $2,456,043,766,032 $2,059,241,589,895
2013 $2,472,819,362,044 $2,292,470,078,346
2012 $2,465,228,293,707 $2,208,293,553,878
2011 $2,616,156,606,579 $2,045,922,753,398
2010 $2,208,838,108,484 $1,524,916,715,224
2009 $1,666,996,294,252 $1,222,645,900,056
2008 $1,695,855,391,758 $1,660,848,058,303
2007 $1,397,114,247,189 $1,299,703,478,482
2006 $1,107,626,711,163 $989,932,071,353
2005 $891,633,826,625 $764,015,973,481
2004 $669,289,321,945 $591,016,690,732
2003 $558,233,724,165 $430,347,420,185
2002 $509,795,270,685 $345,470,494,418
2001 $559,983,704,094 $306,602,070,621
2000 $655,448,188,259 $259,710,142,197
1999 $599,642,075,004 $195,907,128,351
1998 $863,711,007,325 $270,955,486,862
1997 $883,206,452,795 $404,928,954,192
1996 $850,426,433,004 $391,724,890,744
1995 $769,333,330,412 $395,537,185,735
1994 $525,369,851,354 $395,077,301,248
1993 $368,295,778,245 $435,083,713,851
1992 $328,187,960,872 $460,290,556,901
1991 $342,609,231,343 $517,962,962,963
1990 $390,725,626,003 $517,014,446,228
1989 $412,990,820,287 $506,631,299,735
1988 $307,881,930,752 $554,828,660,436
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/russia | CC BY

GDP per capita in Brazil vs Russia by year

Brazil
GDP per capita

GDP per capita, PPP
Russia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Brazil Russia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $10,311 $22,338 $15,145 $47,405
2023 $10,378 $21,176 $14,403 $44,269
2022 $9,281 $19,877 $15,888 $40,939
2021 $7,973 $18,076 $12,637 $38,638
2020 $7,074 $16,102 $10,280 $31,491
2019 $9,030 $16,070 $11,640 $30,964
2018 $9,301 $15,464 $11,399 $28,629
2017 $10,081 $14,559 $10,835 $25,778
2016 $8,836 $14,309 $8,804 $24,012
2015 $8,936 $14,821 $9,427 $23,994
2014 $12,275 $15,827 $14,277 $25,688
2013 $12,459 $15,722 $15,941 $26,020
2012 $12,522 $15,198 $15,402 $24,274
2011 $13,397 $15,212 $14,305 $22,790
2010 $11,403 $14,452 $10,675 $20,490
2009 $8,679 $13,391 $8,563 $19,390
2008 $8,908 $13,445 $11,635 $20,164
2007 $7,410 $12,673 $9,101 $16,648
2006 $5,934 $11,751 $6,920 $14,912
2005 $4,828 $11,081 $5,323 $11,822
2004 $3,664 $10,526 $4,102 $10,227
2003 $3,091 $9,802 $2,975 $9,255
2002 $2,856 $9,617 $2,378 $8,037
2001 $3,176 $9,304 $2,100 $7,361
2000 $3,767 $9,092 $1,772 $6,825
1999 $3,494 $8,635 $1,331 $5,914
1998 $5,106 $8,599 $1,835 $5,465
1997 $5,299 $8,602 $2,738 $5,700
1996 $5,179 $8,301 $2,644 $5,518
1995 $4,757 $8,097 $2,666 $5,613
1994 $3,299 $7,727 $2,662 $5,734
1993 $2,349 $7,260 $2,931 $6,420
1992 $2,127 $6,869 $3,099 $6,862
1991 $2,258 $6,867 $3,490 $7,858
1990 $2,620 $6,688 $3,494 $8,028
1989 $2,819 - $3,430 -
1988 $2,141 - $3,778 -
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/russia | CC BY

Brazil's GDP per capita is $10,311, ranking 85/197, compared to $15,145 in Russia, ranking 68/197. Adjusted for purchasing power (GDP per capita PPP), Brazil ranks 88th at $22,338, while Russia ranks 50th at $47,405.

Economic indicators

Brazil Russia
Gross domestic product
$2.19T
2024
$2.17T
2024
GDP rank
10/197
2024
11/197
2024
GDP growth
3.42%
2023-2024
4.34%
2023-2024
GDP per capita
$10,311
2024
$15,145
2024
GDP per capita rank
85/197
2024
68/197
2024
GDP per capita, PPP
$22,338
2024
$47,405
2024
GDP per capita PPP rank
88/197
2024
50/197
2024
Government debt
$1.91T
2024
$440B
2024
Debt-to-GDP ratio
87.3%
2024
20.3%
2024
Government debt per person
$8,999
2024
$3,067
2024
Government debt per person rank
60/185
2024
98/185
2024
Average annual personal income after taxes
$6,263
2026
$10,464
2026
Market capitalization of domestic companies
$659B
2024
$650B
2023
Number of millionaires
433,000
2025
426,000
2025
Number of billionaires
56
2025
140
2025
Income share by richest 10%
40.8%
2023
25.1%
2023
Income share by poorest 10%
1.3%
2023
3.1%
2023
Government expenditure, % of GDP
45.7%
2024
36.9%
2024
Consumer prices inflation
4.4%
2023-2024
8.4%
2023-2024
Central bank interest rate
15%
2025
16%
2025
Unemployment rate
6.8%
2024
2.43%
2024
Population
213824938
141906741

Spending and national debt comparison by year

Brazil
Spending

Debt
Russia
Spending

Debt
1x
Year % of GDP
Brazil Russia
Government spending Government debt Government spending Government debt
2024 45.7% 87.3% 36.9% 20.3%
2023 45.3% 84% 35.7% 19.5%
2022 43.4% 83.9% 35.2% 18.5%
2021 40.4% 88.9% 34.9% 16.5%
2020 46.2% 96% 39.2% 19.2%
2019 43% 87.1% 33.8% 13.7%
2018 44.2% 84.8% 32.6% 13.6%
2017 44.3% 82.7% 34.8% 14.3%
2016 45.5% 77.4% 36.6% 14.8%
2015 46.2% 71.7% 35.3% 15.3%
2014 41.4% 61.6% 34.9% 15.1%
2013 39.8% 59.6% 34.7% 12.3%
2012 39.3% 61.6% 34% 11.2%
2011 39.4% 60.6% 33.3% 10.3%
2010 39.5% 62.4% 35.5% 10.1%
2009 40.5% 64.7% 38.6% 9.92%
2008 39.9% 61.4% 32% 7.45%
2007 40.4% 63% 31.9% 8.03%
2006 42.6% 64.6% 29% 9.8%
2005 41.9% 67% 29.5% 14.9%
2004 39.7% 68% 29.6% 20.8%
2003 41.3% 71.5% 32.6% 28.3%
2002 44.5% 76.1% 33.8% 37.6%
2001 39.8% 67.3% 31.5% 44.4%
2000 34.5% 62.2% 30.7% 55.9%
1999 39.6% 44.5% 34.3% 92.4%
1998 40.9% 38.9% 39.7% 135.2%
1997 38.6% 31.8% - 51.5%
1996 38.2% 30.7% - 51.9%
1995 - 28% - 53.7%
1994 - 30% - 63.5%
1993 - 32.6% - 92.4%
1992 - 37.1% - 116%
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/russia | CC BY

In 2024, Brazil's government spending was $998B, accounting for 45.7% of its GDP, while Russia spent $802B, or 36.9% of GDP.

Debt-to-GDP ratio is 87.3% in Brazil and 20.3% in Russia, ranking 38/185 and 175/185, respectively.

Government deficit by year

Deficit/surplus
Brazil

Russia
1x
Year Deficit/surplus, % of GDP
Brazil Russia
2024 -6.19% -1.6%
2023 -7.71% -2.22%
2022 -3.96% -1.34%
2021 -2.63% 0.78%
2020 -11.6% -3.99%
2019 -4.86% 1.93%
2018 -6.99% 2.92%
2017 -7.97% -1.47%
2016 -7.99% -3.67%
2015 -9.28% -3.39%
2014 -6.27% -1.07%
2013 -3.42% -1.16%
2012 -2.35% 0.38%
2011 -2.74% 1.43%
2010 -3.55% -3.19%
2009 -4.23% -5.89%
2008 -2.39% 4.55%
2007 -2.66% 5.59%
2006 -4.87% 7.8%
2005 -3.36% 7.6%
2004 -2.95% 4.57%
2003 -5.4% 1.35%
2002 -4.15% 0.67%
2001 -3.47% 2.99%
2000 -3.32% 3.11%
1999 -5.17% -3.59%
1998 -7.22% -7.42%
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% 0.15%
1939 -1.2% 0.12%
1938 -0.59% 0.16%
1937 -1.62% 0.12%
1936 -0.27% 0.1%
1935 -0.5% 0.07%
1934 -2.28% 0.25%
1933 -1.56% 0.58%
1932 -6.47% 0.06%
1931 -1.56% -1.12%
1930 -3.58% -1.62%
1929 -0.09% -0.4%
1928 0.57% -0.4%
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% 0.69%
1911 -2.15% 1.26%
1910 -2.06% 1.52%
1909 -1.62% -0.15%
1908 -1.89% -0.83%
1907 0.38% -0.86%
1906 0.28% -3.19%
1905 0.96% -7.72%
1904 -0.62% -5.13%
1903 1.79% 1.04%
1902 1.59% -1.57%
1901 -2.46% 0.14%
1900 -5.57% -0.36%
1899 -2.13% 0.66%
1898 -14% 0.03%
1897 -2.38% 0.34%
1896 -0.79% 1.3%
1895 -1.33% 0.7%
1894 -4.11% 1.43%
1893 -1.77% 0.63%
1892 -2.6% -1.16%
1891 0.51% -0.97%
1890 -3.02% 0.01%
1889 -3.79% 1.34%
1888 0.63% 0.88%
1887 -0.76% 0.14%
1886 -3.8% -0.84%
1885 -5.71% -0.75%
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 (1998–2024, retrieved 2026-02-20).

GeoRank.org/economy/brazil/russia | 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 Russia's deficit of $34.9B, or 1.6% of GDP.

Over the past 27 years, Brazil recorded a fiscal deficit in 27 of those years, while Russia ran a deficit in 13 years. On average, Brazil posted an annual deficit equal to 5.07% of GDP, compared to surplus of 0.21% of GDP for Russia.

Inflation comparison by year

Inflation
Brazil

Russia
1x
Year Consumer prices inflation
Brazil Russia
2024 4.4% 8.4%
2023 4.6% 5.9%
2022 9.3% 13.7%
2021 8.3% 6.7%
2020 3.2% 3.4%
2019 3.7% 4.5%
2018 3.7% 2.9%
2017 3.4% 3.7%
2016 8.7% 7%
2015 9% 15.5%
2014 6.3% 7.8%
2013 6.2% 6.8%
2012 5.4% 5.1%
2011 6.6% 8.4%
2010 5% 6.8%
2009 4.9% 11.6%
2008 5.7% 14.1%
2007 3.6% 9%
2006 4.2% 9.7%
2005 6.9% 12.7%
2004 6.6% 10.9%
2003 14.7% 13.7%
2002 8.4% 15.8%
2001 6.8% 21.5%
2000 7% 20.8%
1999 4.9% 85.7%
1998 3.2% 27.7%
1997 6.9% 14.8%

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

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

Over the past 28 years, Brazil has recorded an average annual inflation rate of 6.13%, compared with 13.4% in Russia. In 2024, inflation was 4.4% in Brazil and 8.4% in Russia.

Top exports between countries

Brazil
Export category Export value
Raw agricultural goods $847M
Animal & marine products $415M
Processed food, beverages & tobacco $121M
Machinery & equipment $33.8M
Chemicals & pharma $19.3M
Textiles & consumer goods $8.78M
Raw materials & minerals $4.71M
Wood & paper products $994K
Metals $672K
Precious metals & jewellery $63K
Russia
Export category Export value
Raw materials & minerals $4.82B
Metals $288M
Chemicals & pharma $53.9M
Machinery & equipment $50.9M
Raw agricultural goods $38.8M
Processed food, beverages & tobacco $8.24M
Wood & paper products $8.18M
Miscellaneous $6.73M
Textiles & consumer goods $4.86M
Business & finance services $4.74M

Balance of trade

Brazil Russia
Current account balance
-$66.2B
2024
$63.4B
2024
Current account balance ranking
188/190
2024
12/190
2024
Current account balance, % of GDP
-3.03%
2024
+2.91%
2024
Goods imports
$274B
2024
$302B
2024
Goods exports
$340B
2024
$434B
2024
Service imports
$103B
2024
$81.5B
2024
Service exports
$48.1B
2024
$43.1B
2024
Imports of goods and services, % of GDP
17.6%
2024
17.6%
2024
Exports of goods and services, % of GDP
17.9%
2024
21.9%
2024

Economic freedom indices

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

Brazil Russia
Economic freedom 52.4 50.3
Economic freedom ranking 148/197 161/197
Property rights 49.2 18.6
Government integrity 37.2 22.8
Judicial effectiveness 55.6 22.8
Tax burden 70.6 81.9
Government spending 39.8 61.3
Fiscal health 28 94.4
Business freedom 65.7 51.4
Labor freedom 57 59.1
Monetary freedom 76 61.8
Trade freedom 69 69.4
Investment freedom 40 30
Financial freedom 40 30

Economic freedom comparison by year

Brazil
Russia
1x
Year Economic freedom index
Brazil Russia
2026 52.4 50.3
2025 55.1 51.6
2024 53.2 52
2023 53.5 53.8
2022 53.3 56.1
2021 53.4 61.5
2020 53.7 61
2019 51.9 58.9
2018 51.4 58.2
2017 52.9 57.1
2016 56.5 50.6
2015 56.6 52.1
2014 56.9 51.9
2013 57.7 51.1
2012 57.9 50.5
2011 56.3 50.5
2010 55.6 50.3
2009 56.7 50.8
2008 56.2 49.8
2007 56.2 52.2
2006 60.9 52.4
2005 61.7 51.3
2004 62 52.8
2003 63.4 50.8
2002 61.5 48.7
2001 61.9 49.8
2000 61.1 51.8
1999 61.3 54.5
1998 52.3 52.8
1997 52.6 48.6
1996 48.1 51.6
1995 51.4 51.1

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

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

The Economic Freedom Index for Brazil is 52.4, ranking 148/197, compared to 50.3 for Russia, ranking 161/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Brazil Russia
Services, % of GDP
59.2%
2024
57.5%
2024
Industry, % of GDP
20.9%
2024
30.7%
2024
Agriculture, forestry, and fishing, % of GDP
5.75%
2024
2.74%
2024
GNI, Atlas method
$2.11T
2024
$2.24T
2024
GNI per capita, PPP
$21,590
2024
$46,780
2024
Total reserves including gold
$330B
2024
$597B
2023
Total reserves ranking
11/177
2024
6/177
2023
Net foreign direct investment
-$47.8B
2024
$9.37B
2024
Net inflows of foreign direct investment
$74.1B
2024
-$9.35B
2024
Net outflows of foreign direct investment
$26.3B
2024
-$170M
2024
Servicing debt to the IMF, % of GNI
5.4%
2024
2.65%
2024
Poverty at national poverty lines
4.2%
2020
12.1%
2020
Gross capital formation, % of GDP
17%
2024
26.3%
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/russia | 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. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  5. U.S. Census Bureau (1985–2024, 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.