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Economy of Brazil vs Rwanda compared: GDP & Debt

Updated on by Georank

Brazil has a GDP of $2.28T compared to $16.4B for Rwanda, ranking 11/197 and 142/197 by economy size, respectively.

Brazil has $2.13T in government debt (93.3% of GDP), compared to $10.6B (64.6% of GDP) in Rwanda.

Brazil vs Rwanda GDP by year

Brazil
Rwanda
1x
Year GDP, current $
Brazil Rwanda
2025 $2,279,920,092,492 $16,372,132,990
2024 $2,185,821,610,689 $15,111,064,182
2023 $2,191,131,765,685 $14,806,501,437
2022 $1,951,923,942,083 $13,747,404,814
2021 $1,670,647,398,905 $11,252,894,910
2020 $1,476,107,231,310 $10,487,146,253
2019 $1,873,288,205,060 $10,519,272,170
2018 $1,916,933,898,011 $9,650,161,136
2017 $2,063,514,977,366 $9,164,345,443
2016 $1,795,693,482,853 $8,596,812,241
2015 $1,802,212,206,815 $8,447,064,079
2014 $2,456,043,727,199 $8,129,984,484
2013 $2,472,819,535,557 $7,714,276,920
2012 $2,465,227,802,807 $7,556,673,276
2011 $2,616,156,223,918 $6,802,676,034
2010 $2,208,837,745,101 $6,052,276,078
2009 $1,666,996,438,581 $5,603,399,015
2008 $1,695,855,083,498 $5,120,655,375
2007 $1,397,114,486,369 $4,017,977,507
2006 $1,107,626,541,435 $3,274,207,945
2005 $891,633,839,894 $2,933,819,766
2004 $669,289,424,806 $2,376,496,067
2003 $558,233,745,652 $2,138,237,279
2002 $509,795,273,807 $1,966,003,468
2001 $559,983,634,799 $1,966,600,715
2000 $655,448,231,984 $2,068,836,754
1999 $599,642,024,320 $2,157,108,263
1998 $863,710,759,256 $1,989,343,546
1997 $883,206,179,730 $1,851,558,197
1996 $850,426,432,992 $1,382,334,879
1995 $769,333,050,987 $1,293,535,193
1994 $525,369,467,296 $753,636,370
1993 $368,292,034,381 $1,971,525,712
1992 $328,191,909,882 $2,029,026,962
1991 $342,534,090,909 $1,911,600,237
1990 $384,959,818,182 $2,550,185,679
1989 $412,990,820,287 $2,405,022,593
1988 $307,881,930,752 $2,395,492,687
1987 $283,056,836,894 $2,157,432,668
1986 $256,480,852,471 $1,944,710,684
1985 $210,879,844,639 $1,715,626,331
1984 $188,339,974,087 $1,587,413,084
1983 $189,656,506,321 $1,479,687,587
1982 $271,314,113,768 $1,407,243,139
1981 $258,015,174,749 $1,407,062,527
1980 $237,393,489,893 $1,254,765,642
1979 $221,338,204,480 $1,109,346,131
1978 $200,278,646,124 $905,709,076
1977 $176,344,101,402 $746,650,613
1976 $153,168,949,208 $637,753,853
1975 $129,203,555,239 $571,863,500
1974 $109,794,519,728 $308,458,423
1973 $83,592,275,863 $290,746,157
1972 $58,434,858,375 $246,457,838
1971 $48,869,830,902 $222,952,504
1970 $42,327,664,794 $219,900,006
1969 $37,171,640,819 $188,700,037
1968 $33,930,457,425 $172,200,018
1967 $31,086,389,195 $159,560,018
1966 $28,283,323,733 $124,525,703
1965 $22,465,522,884 $148,799,980
1964 $20,963,733,695 $129,999,994
1963 $23,287,712,878 $128,000,000
1962 $19,231,747,852 $125,000,008
1961 $17,275,940,449 $122,000,016
1960 $17,030,465,539 $119,000,024

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

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

GDP per capita in Brazil vs Rwanda by year

Brazil
GDP per capita

GDP per capita, PPP
Rwanda
GDP per capita

GDP per capita, PPP
1x
Year Current $
Brazil Rwanda
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $10,713 - $1,124 -
2024 $10,311 $22,338 $1,060 $3,711
2023 $10,378 $21,176 $1,061 $3,399
2022 $9,281 $19,877 $1,007 $3,099
2021 $7,973 $18,076 $843 $2,733
2020 $7,074 $16,102 $803 $2,285
2019 $9,030 $16,070 $823 $2,336
2018 $9,301 $15,464 $773 $2,125
2017 $10,081 $14,559 $751 $1,968
2016 $8,836 $14,309 $721 $1,866
2015 $8,936 $14,821 $726 $1,781
2014 $12,275 $15,827 $715 $1,678
2013 $12,459 $15,722 $695 $1,512
2012 $12,522 $15,198 $698 $1,455
2011 $13,397 $15,212 $643 $1,413
2010 $11,403 $14,452 $587 $1,314
2009 $8,679 $13,391 $557 $1,241
2008 $8,908 $13,445 $522 $1,191
2007 $7,410 $12,673 $421 $1,079
2006 $5,934 $11,751 $352 $1,002
2005 $4,828 $11,081 $324 $914
2004 $3,664 $10,526 $269.5 $832
2003 $3,091 $9,802 $249 $775
2002 $2,856 $9,617 $234 $760
2001 $3,176 $9,304 $237.3 $670
2000 $3,767 $9,092 $251.9 $609
1999 $3,494 $8,635 $264.7 $554
1998 $5,106 $8,599 $246.2 $528
1997 $5,299 $8,602 $238.7 $500
1996 $5,179 $8,301 $206 $499
1995 $4,757 $8,097 $228 $514
1994 $3,299 $7,727 $111 $311
1993 $2,349 $7,260 $247 $521
1992 $2,127 $6,869 $264.1 $575
1991 $2,258 $6,867 $254 $542
1990 $2,581 $6,688 $346 $549
1989 $2,819 - $335 -
1988 $2,141 - $344 -
1987 $2,006 - $320 -
1986 $1,854 - $297.7 -
1985 $1,556 - $271.6 -
1984 $1,420 - $259.9 -
1983 $1,461 - $250.6 -
1982 $2,138 - $246.4 -
1981 $2,080 - $254.6 -
1980 $1,959 - $234.4 -
1979 $1,870 - $213.8 -
1978 $1,733 - $179.9 -
1977 $1,562 - $152.7 -
1976 $1,390 - $134.4 -
1975 $1,201 - $124.1 -
1974 $1,045 - $68.9 -
1973 $815 - $66.9 -
1972 $583 - $58.4 -
1971 $500 - $54.4 -
1970 $444 - $55.2 -
1969 $399 - $48.9 -
1968 $374 - $46 -
1967 $351 - $44 -
1966 $328 - $35.4 -
1965 $268 - $43.5 -
1964 $257.3 - $39 -
1963 $294.2 - $39.3 -
1962 $250.2 - $39.2 -
1961 $231.6 - $39.3 -
1960 $235.3 - $39.4 -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

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

Brazil's GDP per capita is $10,713, ranking 85/197, compared to $1,124 in Rwanda, ranking 178/197. Adjusted for purchasing power (GDP per capita PPP), Brazil ranks 88th at $22,338, while Rwanda ranks 168th at $3,711.

Economic indicators

Brazil Rwanda
Gross domestic product
$2.28T
2025
$16.4B
2025
GDP rank
11/197
2025
142/197
2025
GDP growth
2.29%
2024-2025
9.38%
2024-2025
GDP per capita
$10,713
2025
$1,124
2025
GDP per capita rank
85/197
2025
178/197
2025
GDP per capita, PPP
$22,338
2024
$3,711
2024
GDP per capita PPP rank
88/197
2024
168/197
2024
Government debt
$2.13T
2025
$10.6B
2025
Debt-to-GDP ratio
93.3%
2025
64.6%
2025
Government debt per person
$9,999
2025
$726
2025
Government debt per person rank
60/185
2025
155/185
2025
Average annual personal income after taxes
$6,555
2026
$1,614
2026
Market capitalization of domestic companies
$871B
2025
$3.2B
2025
Number of millionaires
386,000
2026
n/a
Number of billionaires
70
2026
n/a
Income share by richest 10%
39.3%
2024
33.4%
2023
Income share by poorest 10%
1.3%
2024
3.1%
2023
Government expenditure, % of GDP
47.4%
2025
24.1%
2025
Consumer prices inflation
5%
2024-2025
5.91%
2024-2025
Central bank interest rate
14.5%
2026
6.75%
2025
Unemployment rate
5.83%
2025
5.36%
2025
Population
213964342
15062056

Spending and national debt comparison by year

Brazil
Spending

Debt
Rwanda
Spending

Debt
1x
Year % of GDP
Brazil Rwanda
Government spending Government debt Government spending Government debt
2025 47.4% 93.3% 24.1% 64.6%
2024 45.5% 87% 27.1% 63.4%
2023 45.3% 84% 26.2% 61.4%
2022 43.4% 83.9% 28.7% 59%
2021 40.4% 88.9% 31% 66.2%
2020 46.2% 96% 32.5% 66.7%
2019 43% 87.1% 27.7% 52.8%
2018 44.2% 84.8% 26.3% 49.2%
2017 44.3% 82.7% 25.3% 46.1%
2016 45.5% 77.4% 25.4% 41.5%
2015 46.2% 71.7% 26.9% 33.5%
2014 41.4% 61.6% 27.8% 29.5%
2013 39.8% 59.6% 26.5% 27%
2012 39.3% 61.6% 24.9% 19.3%
2011 39.4% 60.6% 25% 18.9%
2010 39.5% 62.4% 24.1% 19%
2009 40.5% 64.7% 22.6% 18.7%
2008 39.9% 61.4% 22.7% 18.5%
2007 40.4% 63% 22.7% 22.4%
2006 42.6% 64.6% 20.9% 22.8%
2005 41.9% 67% 20.2% 59.8%
2004 39.7% 68% 18.1% 82.1%
2003 41.3% 71.5% 18.8% 80.7%
2002 44.5% 76.1% 20.7% 93.4%
2001 39.8% 67.3% 19.3% 85.2%
2000 34.5% 62.2% 18.5% 87.2%
1999 39.6% 44.5% 22.7% 79.5%
1998 40.9% 38.9% 16.6% 71.1%
1997 38.6% 31.8% 17.2% 73.3%
1996 38.2% 30.7% 19.8% 84.6%
1995 - 28% 18.3% 102.2%
1994 - 30% 13.5% -
1993 - 32.6% 20.6% -
1992 - 37.1% 21.8% -
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 (1992–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1960–2000, retrieved 2026-07-08).

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

In 2025, Brazil's government spending was $1.08T, accounting for 47.4% of its GDP, while Rwanda spent $3.95B, or 24.1% of GDP.

Debt-to-GDP ratio is 93.3% in Brazil and 64.6% in Rwanda, ranking 29/185 and 68/185, respectively.

Government deficit by year

Deficit/surplus
Brazil

Rwanda
1x
Year Deficit/surplus, % of GDP
Brazil Rwanda
2025 -8.07% -4.49%
2024 -6.17% -6.19%
2023 -7.71% -4.88%
2022 -3.96% -5.56%
2021 -2.63% -6.89%
2020 -11.6% -9.26%
2019 -4.86% -5%
2018 -6.99% -2.57%
2017 -7.97% -2.54%
2016 -7.99% -2.3%
2015 -9.28% -2.71%
2014 -6.27% -3.97%
2013 -3.42% -1.29%
2012 -2.35% -2.41%
2011 -2.74% -0.87%
2010 -3.55% -0.65%
2009 -4.23% 0.26%
2008 -2.39% 0.84%
2007 -2.66% -1.58%
2006 -4.87% -0.03%
2005 -3.36% 1.14%
2004 -2.95% 2.31%
2003 -5.4% -1.25%
2002 -4.15% -2.06%
2001 -3.47% -1.83%
2000 -3.32% -0.22%
1999 -5.17% -4.48%
1998 -7.22% -2.63%
1997 -5.6% -2.25%
1996 -5.35% -5.08%
1995 - -2.07%
1994 - -9.68%
1993 - -6.7%
1992 - -7.31%
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 2026-07-08); International Monetary Fund (IMF) | Fiscal Monitor (1992–2025, retrieved 2026-07-08).

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

In 2025, Brazil's government deficit, the difference between spending and revenue, was $184B, equivalent to 8.07% of GDP. This compares to Rwanda's deficit of $736M, or 4.49% of GDP.

Over the past 34 years, Brazil recorded a fiscal deficit in 30 of those years, while Rwanda ran a deficit in 30 years. On average, Brazil posted an annual deficit equal to 5.19% of GDP, compared to deficit of 3.06% of GDP for Rwanda.

Inflation comparison by year

Inflation
Brazil

Rwanda
1x
Year Consumer prices inflation
Brazil Rwanda
2025 5% 5.91%
2024 4.4% 1.77%
2023 4.6% 19.8%
2022 9.3% 17.7%
2021 8.3% -0.39%
2020 3.2% 9.85%
2019 3.7% 3.35%
2018 3.7% -0.31%
2017 3.4% 8.28%
2016 8.7% 7.17%
2015 9% 2.53%
2014 6.3% 2.35%
2013 6.2% 5.92%
2012 5.4% 10.3%
2011 6.6% 3.08%
2010 5% -0.25%
2009 4.9% 12.9%
2008 5.7% 15.4%
2007 3.6% 9.08%
2006 4.2% 8.88%
2005 6.9% 9.01%
2004 6.6% 12.3%
2003 14.7% 7.45%
2002 8.4% 1.99%
2001 6.8% 3.34%
2000 7% 3.9%
1999 4.9% -2.41%
1998 3.2% 6.21%
1997 6.9% 12%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2025, retrieved 2026-07-08); World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

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

Over the past 29 years, Brazil has recorded an average annual inflation rate of 6.09%, compared with 6.8% in Rwanda. In 2025, inflation was 5% in Brazil and 5.91% in Rwanda.

Top exports between countries

Brazil
Export category Export value
Processed food, beverages & tobacco $1.23M
Raw agricultural goods $887K
Machinery & equipment $412K
Weapons & explosives $215K
Animal & marine products $152K
Wood & paper products $146K
Textiles & consumer goods $43K
Chemicals & pharma $37K
Metals $4K
Raw materials & minerals $4K
Rwanda
Export category Export value
Raw materials & minerals $190K
Processed food, beverages & tobacco $22K
Machinery & equipment $5K

Balance of trade

Brazil Rwanda
Current account balance
-$66.7B
2025
-$1.81B
2024
Current account balance ranking
188/190
2025
136/190
2024
Current account balance, % of GDP
-2.93%
2025
-12%
2024
Goods imports
$291B
2025
$5.55B
2024
Goods exports
$351B
2025
$3.2B
2024
Service imports
$105B
2025
$991M
2024
Service exports
$54.4B
2025
$1.08B
2024
Imports of goods and services, % of GDP
17.5%
2025
35.1%
2025
Exports of goods and services, % of GDP
17.8%
2025
21.6%
2025

Economic freedom indices

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

Brazil Rwanda
Economic freedom 52.4 56.5
Economic freedom ranking 148/197 121/197
Property rights 49.2 60.3
Government integrity 37.2 53.9
Judicial effectiveness 55.6 27.5
Tax burden 70.6 80.6
Government spending 39.8 75.7
Fiscal health 28 37.5
Business freedom 65.7 60.1
Labor freedom 57 49.1
Monetary freedom 76 72.3
Trade freedom 69 61.8
Investment freedom 40 60
Financial freedom 40 40

Economic freedom comparison by year

Brazil
Rwanda
1x
Year Economic freedom index
Brazil Rwanda
2026 52.4 56.5
2025 55.1 54.8
2024 53.2 51.6
2023 53.5 52.2
2022 53.3 57.1
2021 53.4 68.3
2020 53.7 70.9
2019 51.9 71.1
2018 51.4 69.1
2017 52.9 67.6
2016 56.5 63.1
2015 56.6 64.8
2014 56.9 64.7
2013 57.7 64.1
2012 57.9 64.9
2011 56.3 62.7
2010 55.6 59.1
2009 56.7 54.2
2008 56.2 54.2
2007 56.2 52.4
2006 60.9 52.8
2005 61.7 51.7
2004 62 53.3
2003 63.4 47.8
2002 61.5 50.4
2001 61.9 45.4
2000 61.1 42.3
1999 61.3 39.8
1998 52.3 39.1
1997 52.6 38.3
1996 48.1 -
1995 51.4 -

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08).

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

The Economic Freedom Index for Brazil is 52.4, ranking 148/197, compared to 56.5 for Rwanda, ranking 121/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Brazil Rwanda
Services, % of GDP
59.7%
2025
52.3%
2025
Industry, % of GDP
20.1%
2025
22%
2025
Agriculture, forestry, and fishing, % of GDP
6.09%
2025
20.3%
2025
GNI, Atlas method
$2.25T
2025
$16.7B
2025
GNI per capita, PPP
$22,670
2025
$4,070
2025
Total reserves including gold
$359B
2025
$1.96B
2025
Total reserves ranking
13/177
2025
128/177
2025
Net foreign direct investment
-$47.5B
2025
-$560M
2024
Net inflows of foreign direct investment
$74.1B
2024
$573M
2024
Net outflows of foreign direct investment
$26.3B
2024
$13.2M
2024
Servicing debt to the IMF, % of GNI
5.4%
2024
2.91%
2024
Poverty at national poverty lines
4.2%
2020
27.4%
2023
Gross capital formation, % of GDP
17.1%
2025
34.1%
2025

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08); U.S. Census Bureau (1985–2025, retrieved 2026-07-08).

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

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Public Finances in Modern History (1880–2000, retrieved 2026-07-08)
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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.