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Economy of Brazil vs Vatican compared: GDP & Debt

Updated on by Georank team

Brazil has a GDP of $2.18T compared to $19.8M for the Vatican, ranking 10/197 and 197/197 by economy size, respectively.

The chart below compares the two countries' GDP growth in both current (nominal) and constant dollars, accounting for inflation over time.

Brazil
GDP, current $

GDP, constant 2015 $
Vatican
GDP, current $

GDP, constant 2015 $
Year GDP
Brazil Vatican
Current $ Constant $ Current $ Constant $
1960 $17,030,465,539 $188,463,862,170 - -
1961 $17,275,940,449 $204,671,754,317 - -
1962 $19,231,747,852 $218,180,090,102 - -
1963 $23,287,712,878 $219,489,170,643 - -
1964 $20,963,733,695 $226,951,802,444 - -
1965 $22,465,522,884 $232,398,645,703 - -
1966 $28,283,323,733 $247,969,354,965 - -
1967 $31,086,389,195 $258,384,067,874 - -
1968 $33,930,457,425 $283,705,706,525 - -
1969 $37,171,640,819 $310,657,748,645 - -
1970 $42,327,664,794 $342,966,154,504 - -
1971 $48,869,830,902 $381,868,537,873 - -
1972 $58,434,858,375 $427,464,970,641 - -
1973 $83,592,275,863 $487,176,363,096 - -
1974 $109,794,519,728 $526,900,425,028 - -
1975 $129,203,555,239 $554,123,521,012 - -
1976 $153,168,949,208 $610,960,688,345 - -
1977 $176,344,101,402 $641,107,493,085 - -
1978 $200,278,646,124 $672,969,879,570 - -
1979 $221,338,204,480 $718,459,683,183 - -
1980 $237,393,489,893 $784,557,974,035 - -
1981 $258,015,174,749 $751,214,260,139 - -
1982 $271,314,113,768 $757,449,338,498 - -
1983 $189,656,506,321 $735,256,072,880 - -
1984 $188,339,974,087 $774,959,900,815 - -
1985 $210,879,844,639 $835,794,253,030 - -
1986 $256,480,852,471 $898,395,242,581 - -
1987 $283,056,836,894 $930,108,594,645 - -
1988 $307,881,930,752 $929,550,529,488 - -
1989 $412,990,820,287 $958,924,326,220 - -
1990 $384,959,818,182 $917,211,118,029 - -
1991 $342,534,090,909 $926,678,475,666 - -
1992 $328,191,909,882 $921,636,677,089 - -
1993 $368,292,034,381 $967,024,426,396 - -
1994 $525,369,467,296 $1,023,623,112,444 - -
1995 $769,333,050,987 $1,066,858,840,298 - -
1996 $850,426,432,992 $1,090,424,301,690 - -
1997 $883,206,179,730 $1,127,442,527,330 - -
1998 $863,710,759,256 $1,131,254,386,852 - -
1999 $599,642,024,320 $1,136,547,951,100 - -
2000 $655,448,231,984 $1,186,419,100,641 - -
2001 $559,983,634,799 $1,202,909,097,021 - -
2002 $509,795,273,807 $1,239,639,467,498 - -
2003 $558,233,745,652 $1,253,781,634,017 - -
2004 $669,289,424,806 $1,325,999,012,758 - -
2005 $891,633,839,894 $1,368,459,252,278 - -
2006 $1,107,626,541,435 $1,422,677,453,371 - -
2007 $1,397,114,486,369 $1,509,032,133,942 - -
2008 $1,695,855,083,498 $1,585,905,180,197 - -
2009 $1,666,996,438,581 $1,583,909,921,137 - -
2010 $2,208,837,745,101 $1,703,150,236,757 - -
2011 $2,616,156,223,918 $1,770,840,632,844 - -
2012 $2,465,227,802,807 $1,804,861,597,828 - -
2013 $2,472,819,535,557 $1,859,094,488,272 - -
2014 $2,456,043,727,199 $1,868,463,501,662 - -
2015 $1,802,212,206,815 $1,802,212,206,815 - -
2016 $1,795,693,482,853 $1,743,173,232,417 - -
2017 $2,063,514,977,366 $1,766,233,131,667 - -
2018 $1,916,933,898,011 $1,797,736,844,969 - -
2019 $1,873,288,205,060 $1,819,683,217,699 - -
2020 $1,476,107,231,310 $1,760,056,587,795 - -
2021 $1,670,647,398,905 $1,843,881,119,920 - -
2022 $1,951,923,942,083 $1,899,505,377,558 - -
2023 $2,191,131,765,685 $1,961,080,794,856 - -
2024 $2,179,412,080,829 $2,027,676,479,715 - -

Economic indicators

Brazil Vatican
Gross domestic product
$2.18T
2024
$19.8M
2025
GDP rank
10/197
2024
197/197
2025
GDP growth
-0.53%
2023-2024
n/a
GDP per capita
$10,280
2024
$19,800
2025
GDP per capita rank
85/197
2024
59/197
2025
GDP per capita, PPP
$22,333
2024
$39,191
2025
Government debt
$1.9T
2024
n/a
Debt-to-GDP ratio
92%
2025
n/a
Government debt per person
$8,973
2024
n/a
Government debt per person rank
60/185
2024
n/a
Average annual personal income after taxes
$5,664
2025
$17,307
2025
Market capitalization of domestic companies
$659B
2024
n/a
Number of millionaires
380,585
2024
n/a
Number of billionaires
56
2025
n/a
Income share by richest 10%
40.8%
2023
n/a
Income share by poorest 10%
1.3%
2023
n/a
Government expenditure, % of GDP
47.7%
2025
n/a
Consumer prices inflation
5.2%
2024-2025
n/a
Central bank interest rate
15%
2025
n/a
Unemployment rate
6.8%
2024
n/a
Population
213415080
949

Balance of trade

Brazil Vatican
Current account balance
-$57.9B
2024
n/a
Current account balance ranking
187/189
2024
n/a
Current account balance, % of GDP
-2.66%
2024
n/a
Goods imports
$274B
2024
n/a
Goods exports
$340B
2024
n/a
Service imports
$103B
2024
n/a
Service exports
$48.1B
2024
n/a
Imports of goods and services, % of GDP
17.5%
2024
n/a
Exports of goods and services, % of GDP
18%
2024
n/a

Economic freedom indices

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

Brazil Vatican
Economic freedom 55.1 65
Economic freedom ranking 129/197 68/197
Property rights 51.4 n/a
Government integrity 36.4 n/a
Judicial effectiveness 54.2 n/a
Tax burden 74.8 n/a
Government spending 44.3 n/a
Fiscal health 49.6 n/a
Business freedom 66.8 n/a
Labor freedom 57.1 n/a
Monetary freedom 74.4 n/a
Trade freedom 71.6 n/a
Investment freedom 40 n/a
Financial freedom 40 n/a

More economic indicators

Brazil Vatican
Services, % of GDP
59.3%
2024
n/a
Industry, % of GDP
21.3%
2024
n/a
Agriculture, forestry, and fishing, % of GDP
5.58%
2024
n/a
GNI, Atlas method
$2.11T
2024
n/a
GNI per capita, PPP
$21,650
2024
n/a
Total reserves including gold
$330B
2024
n/a
Total reserves ranking
11/177
2024
n/a
Net foreign direct investment
-$44.7B
2024
n/a
Net inflows of foreign direct investment
$71.1B
2024
n/a
Net outflows of foreign direct investment
$26.3B
2024
n/a
Servicing debt to the IMF, % of GNI
10.7%
2023
n/a
Poverty at national poverty lines
4.2%
2020
n/a
Gross capital formation, % of GDP
16.9%
2024
n/a

GDP per capita map

GDP per capita

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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.