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Economy of Brazil vs Rwanda compared: GDP & Debt

Updated on by Georank team

Brazil has a GDP of $2.19T compared to $14.3B for Rwanda, ranking 10/197 and 144/197 by economy size, respectively.

Brazil has $1.91T in government debt (87.3% of GDP), compared to $9.58B (67.2% of GDP) in Rwanda.

Brazil vs Rwanda GDP by year

Brazil
Rwanda
1x
Year GDP, current $
Brazil Rwanda
2024 $2,185,821,648,944 $14,251,642,235
2023 $2,191,131,869,706 $14,331,722,703
2022 $1,951,923,832,084 $13,316,161,002
2021 $1,670,647,464,063 $11,078,787,090
2020 $1,476,107,292,152 $10,174,386,857
2019 $1,873,288,158,839 $10,349,300,277
2018 $1,916,933,708,353 $9,637,904,521
2017 $2,063,514,688,806 $9,252,833,891
2016 $1,795,693,265,999 $8,695,272,058
2015 $1,802,211,999,456 $8,543,760,200
2014 $2,456,043,766,032 $8,238,966,124
2013 $2,472,819,362,044 $7,819,964,030
2012 $2,465,228,293,707 $7,654,761,050
2011 $2,616,156,606,579 $6,884,913,658
2010 $2,208,838,108,484 $6,124,756,654
2009 $1,666,996,294,252 $5,674,476,969
2008 $1,695,855,391,758 $5,179,854,065
2007 $1,397,114,247,189 $4,070,507,895
2006 $1,107,626,711,163 $3,319,784,539
2005 $891,633,826,625 $2,933,819,766
2004 $669,289,321,945 $2,376,496,067
2003 $558,233,724,165 $2,138,237,279
2002 $509,795,270,685 $1,966,003,468
2001 $559,983,704,094 $1,966,600,715
2000 $655,448,188,259 $2,068,836,754
1999 $599,642,075,004 $2,157,108,263
1998 $863,711,007,325 $1,989,343,546
1997 $883,206,452,795 $1,851,558,197
1996 $850,426,433,004 $1,382,334,879
1995 $769,333,330,412 $1,293,535,193
1994 $525,369,851,354 $753,636,370
1993 $368,295,778,245 $1,971,525,712
1992 $328,187,960,872 $2,029,026,962
1991 $342,609,231,343 $1,911,600,237
1990 $390,725,626,003 $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 (1960–2024, retrieved 2026-04-06).

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
2024 $10,311 $22,338 $1,000 $3,711
2023 $10,378 $21,176 $1,027 $3,399
2022 $9,281 $19,877 $975 $3,099
2021 $7,973 $18,076 $830 $2,733
2020 $7,074 $16,102 $779 $2,285
2019 $9,030 $16,070 $810 $2,336
2018 $9,301 $15,464 $772 $2,125
2017 $10,081 $14,559 $758 $1,968
2016 $8,836 $14,309 $730 $1,866
2015 $8,936 $14,821 $734 $1,781
2014 $12,275 $15,827 $725 $1,678
2013 $12,459 $15,722 $705 $1,512
2012 $12,522 $15,198 $707 $1,455
2011 $13,397 $15,212 $651 $1,413
2010 $11,403 $14,452 $594 $1,314
2009 $8,679 $13,391 $564 $1,241
2008 $8,908 $13,445 $528 $1,191
2007 $7,410 $12,673 $426 $1,079
2006 $5,934 $11,751 $357 $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 $2,620 $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 (1960–2024, retrieved 2026-04-06).

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

Brazil's GDP per capita is $10,311, ranking 85/197, compared to $1,000 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
$2.19T
2024
$14.3B
2024
GDP rank
10/197
2024
144/197
2024
GDP growth
3.42%
2023-2024
8.89%
2023-2024
GDP per capita
$10,311
2024
$1,000
2024
GDP per capita rank
85/197
2024
178/197
2024
GDP per capita, PPP
$22,338
2024
$3,711
2024
GDP per capita PPP rank
88/197
2024
168/197
2024
Government debt
$1.91T
2024
$9.58B
2024
Debt-to-GDP ratio
87.3%
2024
67.2%
2024
Government debt per person
$8,999
2024
$672
2024
Government debt per person rank
60/185
2024
157/185
2024
Average annual personal income after taxes
$6,263
2026
$2,194
2026
Market capitalization of domestic companies
$659B
2024
$2.75B
2024
Number of millionaires
433,000
2025
n/a
Number of billionaires
56
2025
n/a
Income share by richest 10%
40.8%
2023
33.4%
2023
Income share by poorest 10%
1.3%
2023
3.1%
2023
Government expenditure, % of GDP
45.7%
2024
28.8%
2024
Consumer prices inflation
4.4%
2023-2024
1.77%
2023-2024
Central bank interest rate
15%
2025
6.75%
2025
Unemployment rate
6.8%
2024
11.3%
2024
Population
213824938
14975051

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
2024 45.7% 87.3% 28.8% 67.2%
2023 45.3% 84% 27% 63.4%
2022 43.4% 83.9% 29.7% 60.9%
2021 40.4% 88.9% 31.6% 67.3%
2020 46.2% 96% 33.5% 68.7%
2019 43% 87.1% 28.2% 53.6%
2018 44.2% 84.8% 26.4% 49.2%
2017 44.3% 82.7% 25.1% 45.6%
2016 45.5% 77.4% 25.1% 41.1%
2015 46.2% 71.7% 26.6% 33.1%
2014 41.4% 61.6% 27.5% 29.1%
2013 39.8% 59.6% 26.2% 26.7%
2012 39.3% 61.6% 24.6% 19.1%
2011 39.4% 60.6% 24.7% 18.7%
2010 39.5% 62.4% 23.8% 18.8%
2009 40.5% 64.7% 22.3% 18.5%
2008 39.9% 61.4% 22.5% 18.3%
2007 40.4% 63% 22.4% 22.1%
2006 42.6% 64.6% 20.6% 22.5%
2005 41.9% 67% 19.9% 58.9%
2004 39.7% 68% 17.9% 80.9%
2003 41.3% 71.5% 18.5% 79.5%
2002 44.5% 76.1% 20.5% 92%
2001 39.8% 67.3% 19.1% 84%
2000 34.5% 62.2% 18.2% 86%
1999 39.6% 44.5% 22.4% 78.4%
1998 40.9% 38.9% 16.4% 70.1%
1997 38.6% 31.8% 17% 72.2%
1996 38.2% 30.7% 19.5% 83.4%
1995 - 28% 18% 100.8%
1994 - 30% 13.3% -
1993 - 32.6% 20.3% -
1992 - 37.1% 21.5% -
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 (1992–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–2000, retrieved 2026-02-20).

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

In 2024, Brazil's government spending was $998B, accounting for 45.7% of its GDP, while Rwanda spent $4.1B, or 28.8% of GDP.

Debt-to-GDP ratio is 87.3% in Brazil and 67.2% in Rwanda, ranking 38/185 and 65/185, respectively.

Government deficit by year

Deficit/surplus
Brazil

Rwanda
1x
Year Deficit/surplus, % of GDP
Brazil Rwanda
2024 -6.19% -6.57%
2023 -7.71% -5.04%
2022 -3.96% -5.74%
2021 -2.63% -7%
2020 -11.6% -9.54%
2019 -4.86% -5.08%
2018 -6.99% -2.57%
2017 -7.97% -2.52%
2016 -7.99% -2.27%
2015 -9.28% -2.68%
2014 -6.27% -3.92%
2013 -3.42% -1.27%
2012 -2.35% -2.38%
2011 -2.74% -0.86%
2010 -3.55% -0.64%
2009 -4.23% 0.26%
2008 -2.39% 0.83%
2007 -2.66% -1.56%
2006 -4.87% -0.03%
2005 -3.36% 1.12%
2004 -2.95% 2.27%
2003 -5.4% -1.23%
2002 -4.15% -2.03%
2001 -3.47% -1.8%
2000 -3.32% -0.22%
1999 -5.17% -4.41%
1998 -7.22% -2.59%
1997 -5.6% -2.22%
1996 -5.35% -5.01%
1995 - -2.04%
1994 - -9.54%
1993 - -6.6%
1992 - -7.21%
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 (1992–2024, retrieved 2026-02-20).

GeoRank.org/economy/brazil/rwanda | 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 Rwanda's deficit of $936M, or 6.57% of GDP.

Over the past 33 years, Brazil recorded a fiscal deficit in 29 of those years, while Rwanda ran a deficit in 29 years. On average, Brazil posted an annual deficit equal to 5.09% of GDP, compared to deficit of 3.03% of GDP for Rwanda.

Inflation comparison by year

Inflation
Brazil

Rwanda
1x
Year Consumer prices inflation
Brazil Rwanda
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 (1997–2024, retrieved 2026-02-20); World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

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

Over the past 28 years, Brazil has recorded an average annual inflation rate of 6.13%, compared with 6.83% in Rwanda. In 2024, inflation was 4.4% in Brazil and 1.77% in Rwanda.

Top exports between countries

Brazil
Export category Export value
Machinery & equipment $1.55M
Processed food, beverages & tobacco $965K
Raw agricultural goods $842K
Wood & paper products $226K
Weapons & explosives $215K
Textiles & consumer goods $57K
Raw materials & minerals $36K
Animal & marine products $32K
Chemicals & pharma $30K
Miscellaneous $3K
Rwanda
Export category Export value

Balance of trade

Brazil Rwanda
Current account balance
-$66.2B
2024
-$1.81B
2024
Current account balance ranking
188/190
2024
140/190
2024
Current account balance, % of GDP
-3.03%
2024
-12.7%
2024
Goods imports
$274B
2024
$5.55B
2024
Goods exports
$340B
2024
$3.2B
2024
Service imports
$103B
2024
$991M
2024
Service exports
$48.1B
2024
$1.08B
2024
Imports of goods and services, % of GDP
17.6%
2024
39.1%
2024
Exports of goods and services, % of GDP
17.9%
2024
30.8%
2024

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 2026-03-09).

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
59.2%
2024
47.6%
2024
Industry, % of GDP
20.9%
2024
21%
2024
Agriculture, forestry, and fishing, % of GDP
5.75%
2024
24.6%
2024
GNI, Atlas method
$2.11T
2024
$14.8B
2024
GNI per capita, PPP
$21,590
2024
$3,620
2024
Total reserves including gold
$330B
2024
$2.41B
2024
Total reserves ranking
11/177
2024
123/177
2024
Net foreign direct investment
-$47.8B
2024
-$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
3.09%
2024
Poverty at national poverty lines
4.2%
2020
27.4%
2023
Gross capital formation, % of GDP
17%
2024
25.9%
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/rwanda | 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 (1992–2024, 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 (2020–2024, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
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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.