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Economy of Brazil vs Zambia compared: GDP & Debt

Updated on by Georank team

Brazil has a GDP of $2.19T compared to $25.3B for Zambia, ranking 10/197 and 116/197 by economy size, respectively.

Brazil has $1.91T in government debt (87.3% of GDP), compared to $29.1B (114.9% of GDP) in Zambia.

Brazil vs Zambia GDP by year

Brazil
Zambia
1x
Year GDP, current $
Brazil Zambia
2024 $2,185,821,648,944 $25,303,185,342
2023 $2,191,131,869,706 $27,577,956,471
2022 $1,951,923,832,084 $29,163,782,140
2021 $1,670,647,464,063 $22,096,416,932
2020 $1,476,107,292,152 $18,137,764,931
2019 $1,873,288,158,839 $23,308,667,781
2018 $1,916,933,708,353 $26,311,507,274
2017 $2,063,514,688,806 $25,873,601,261
2016 $1,795,693,265,999 $20,958,412,538
2015 $1,802,211,999,456 $21,251,216,799
2014 $2,456,043,766,032 $27,141,023,558
2013 $2,472,819,362,044 $28,037,239,463
2012 $2,465,228,293,707 $25,503,060,420
2011 $2,616,156,606,579 $23,459,515,276
2010 $2,208,838,108,484 $20,265,559,484
2009 $1,666,996,294,252 $15,328,342,304
2008 $1,695,855,391,758 $17,910,858,638
2007 $1,397,114,247,189 $14,056,957,976
2006 $1,107,626,711,163 $12,756,858,899
2005 $891,633,826,625 $8,331,870,169
2004 $669,289,321,945 $6,221,110,219
2003 $558,233,724,165 $4,901,869,764
2002 $509,795,270,685 $4,193,850,445
2001 $559,983,704,094 $4,094,441,301
2000 $655,448,188,259 $3,600,632,111
1999 $599,642,075,004 $3,404,284,891
1998 $863,711,007,325 $3,537,741,942
1997 $883,206,452,795 $4,303,288,480
1996 $850,426,433,004 $3,597,220,962
1995 $769,333,330,412 $3,806,983,413
1994 $525,369,851,354 $3,656,806,166
1993 $368,295,778,245 $3,273,505,344
1992 $328,187,960,872 $3,182,810,841
1991 $342,609,231,343 $3,376,806,697
1990 $390,725,626,003 $3,288,381,797
1989 $412,990,820,287 $3,994,673,161
1988 $307,881,930,752 $3,728,878,149
1987 $283,056,836,894 $2,265,250,972
1986 $256,480,852,471 $1,664,413,508
1985 $210,879,844,639 $2,252,454,500
1984 $188,339,974,087 $2,719,518,933
1983 $189,656,506,321 $3,321,048,451
1982 $271,314,113,768 $3,871,117,093
1981 $258,015,174,749 $4,008,126,497
1980 $237,393,489,893 $3,884,530,854
1979 $221,338,204,480 $3,353,445,378
1978 $200,278,646,124 $2,811,032,473
1977 $176,344,101,402 $2,515,296,940
1976 $153,168,949,208 $2,742,859,263
1975 $129,203,555,239 $2,442,672,141
1974 $109,794,519,728 $2,910,981,262
1973 $83,592,275,863 $2,434,255,237
1972 $58,434,858,375 $1,872,416,680
1971 $48,869,830,902 $1,653,259,341
1970 $42,327,664,794 $1,788,779,285
1969 $37,171,640,819 $1,926,399,230
1968 $33,930,457,425 $1,573,739,371
1967 $31,086,389,195 $1,340,639,464
1966 $28,283,323,733 $1,238,999,505
1965 $22,465,522,884 $1,061,199,576
1964 $20,963,733,695 $822,639,671
1963 $23,287,712,878 $704,339,719
1962 $19,231,747,852 $679,279,729
1961 $17,275,940,449 $682,359,727
1960 $17,030,465,539 $698,739,721

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

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

GDP per capita in Brazil vs Zambia by year

Brazil
GDP per capita

GDP per capita, PPP
Zambia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Brazil Zambia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $10,311 $22,338 $1,187 $4,215
2023 $10,378 $21,176 $1,331 $4,077
2022 $9,281 $19,877 $1,447 $3,841
2021 $7,973 $18,076 $1,127 $3,503
2020 $7,074 $16,102 $952 $3,157
2019 $9,030 $16,070 $1,259 $3,361
2018 $9,301 $15,464 $1,464 $3,442
2017 $10,081 $14,559 $1,483 $3,392
2016 $8,836 $14,309 $1,239 $3,313
2015 $8,936 $14,821 $1,296 $3,337
2014 $12,275 $15,827 $1,707 $3,441
2013 $12,459 $15,722 $1,821 $3,477
2012 $12,522 $15,198 $1,710 $3,324
2011 $13,397 $15,212 $1,625 $3,228
2010 $11,403 $14,452 $1,451 $3,098
2009 $8,679 $13,391 $1,136 $2,872
2008 $8,908 $13,445 $1,376 $2,708
2007 $7,410 $12,673 $1,119 $2,555
2006 $5,934 $11,751 $1,052 $2,378
2005 $4,828 $11,081 $711 $2,213
2004 $3,664 $10,526 $549 $2,068
2003 $3,091 $9,802 $446 $1,942
2002 $2,856 $9,617 $394 $1,837
2001 $3,176 $9,304 $397 $1,785
2000 $3,767 $9,092 $359 $1,709
1999 $3,494 $8,635 $350 $1,654
1998 $5,106 $8,599 $373 $1,601
1997 $5,299 $8,602 $466 $1,631
1996 $5,179 $8,301 $400 $1,585
1995 $4,757 $8,097 $433 $1,501
1994 $3,299 $7,727 $426 $1,464
1993 $2,349 $7,260 $391 $1,607
1992 $2,127 $6,869 $389 $1,505
1991 $2,258 $6,867 $423 $1,534
1990 $2,620 $6,688 $422 $1,522
1989 $2,819 - $526 -
1988 $2,141 - $504 -
1987 $2,006 - $315 -
1986 $1,854 - $238.2 -
1985 $1,556 - $332 -
1984 $1,420 - $413 -
1983 $1,461 - $520 -
1982 $2,138 - $627 -
1981 $2,080 - $670 -
1980 $1,959 - $669 -
1979 $1,870 - $595 -
1978 $1,733 - $514 -
1977 $1,562 - $474 -
1976 $1,390 - $533 -
1975 $1,201 - $490 -
1974 $1,045 - $601 -
1973 $815 - $518 -
1972 $583 - $410 -
1971 $500 - $372 -
1970 $444 - $414 -
1969 $399 - $459 -
1968 $374 - $387 -
1967 $351 - $341 -
1966 $328 - $325 -
1965 $268 - $287.4 -
1964 $257.3 - $230 -
1963 $294.2 - $203.2 -
1962 $250.2 - $202.3 -
1961 $231.6 - $209.7 -
1960 $235.3 - $221.6 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

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

Brazil's GDP per capita is $10,311, ranking 85/197, compared to $1,187 in Zambia, ranking 169/197. Adjusted for purchasing power (GDP per capita PPP), Brazil ranks 88th at $22,338, while Zambia ranks 166th at $4,215.

Economic indicators

Brazil Zambia
Gross domestic product
$2.19T
2024
$25.3B
2024
GDP rank
10/197
2024
116/197
2024
GDP growth
3.42%
2023-2024
3.82%
2023-2024
GDP per capita
$10,311
2024
$1,187
2024
GDP per capita rank
85/197
2024
169/197
2024
GDP per capita, PPP
$22,338
2024
$4,215
2024
GDP per capita PPP rank
88/197
2024
166/197
2024
Government debt
$1.91T
2024
$29.1B
2024
Debt-to-GDP ratio
87.3%
2024
114.9%
2024
Government debt per person
$8,999
2024
$1,365
2024
Government debt per person rank
60/185
2024
134/185
2024
Average annual personal income after taxes
$6,263
2026
$1,349
2026
Market capitalization of domestic companies
$659B
2024
$7.77B
2024
Number of millionaires
433,000
2025
n/a
Number of billionaires
56
2025
n/a
Income share by richest 10%
40.8%
2023
39.1%
2022
Income share by poorest 10%
1.3%
2023
1.5%
2022
Government expenditure, % of GDP
45.7%
2024
25.5%
2024
Consumer prices inflation
4.4%
2023-2024
15%
2023-2024
Central bank interest rate
15%
2025
14.3%
2025
Unemployment rate
6.8%
2024
5.86%
2023
Population
213824938
22697916

Spending and national debt comparison by year

Brazil
Spending

Debt
Zambia
Spending

Debt
1x
Year % of GDP
Brazil Zambia
Government spending Government debt Government spending Government debt
2024 45.7% 87.3% 25.5% 114.9%
2023 45.3% 84% 27.4% 129.1%
2022 43.4% 83.9% 28.2% 99.5%
2021 40.4% 88.9% 30.5% 111%
2020 46.2% 96% 34% 140%
2019 43% 87.1% 29.8% 103.3%
2018 44.2% 84.8% 27.7% 81.2%
2017 44.3% 82.7% 25% 66.6%
2016 45.5% 77.4% 23.9% 61.2%
2015 46.2% 71.7% 27.6% 61.9%
2014 41.4% 61.6% 24.3% 33.9%
2013 39.8% 59.6% 24% 25.9%
2012 39.3% 61.6% 21.9% 24.9%
2011 39.4% 60.6% 19.5% 20.8%
2010 39.5% 62.4% 18.1% 18.9%
2009 40.5% 64.7% 17.8% 20.5%
2008 39.9% 61.4% 19.5% 19.2%
2007 40.4% 63% 19.9% 21.9%
2006 42.6% 64.6% 19.7% 25%
2005 41.9% 67% 22.5% 75.7%
2004 39.7% 68% 23.3% 129.9%
2003 41.3% 71.5% 27.3% 159.5%
2002 44.5% 76.1% 27.6% 180.2%
2001 39.8% 67.3% 28% 210.2%
2000 34.5% 62.2% 21.4% 261%
1999 39.6% 44.5% - -
1998 40.9% 38.9% - -
1997 38.6% 31.8% - -
1996 38.2% 30.7% - -
1995 - 28% - -
1994 - 30% - -
1993 - 32.6% - -
1992 - 37.1% - -
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 (2000–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–2000, retrieved 2026-02-20).

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

In 2024, Brazil's government spending was $998B, accounting for 45.7% of its GDP, while Zambia spent $6.45B, or 25.5% of GDP.

Debt-to-GDP ratio is 87.3% in Brazil and 114.9% in Zambia, ranking 38/185 and 13/185, respectively.

Government deficit by year

Deficit/surplus
Brazil

Zambia
1x
Year Deficit/surplus, % of GDP
Brazil Zambia
2024 -6.19% -3.32%
2023 -7.71% -5.48%
2022 -3.96% -7.82%
2021 -2.63% -8.13%
2020 -11.6% -13.8%
2019 -4.86% -9.41%
2018 -6.99% -8.31%
2017 -7.97% -7.5%
2016 -7.99% -5.69%
2015 -9.28% -8.88%
2014 -6.27% -5.43%
2013 -3.42% -6.4%
2012 -2.35% -3.16%
2011 -2.74% -1.78%
2010 -3.55% -2.43%
2009 -4.23% -2.06%
2008 -2.39% -0.67%
2007 -2.66% -1.04%
2006 -4.87% 16.9%
2005 -3.36% -2.37%
2004 -2.95% -2.51%
2003 -5.4% -5.31%
2002 -4.15% -4.5%
2001 -3.47% -5.89%
2000 -3.32% 1.16%
1999 -5.17% -
1998 -7.22% -
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% -
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 (2000–2024, retrieved 2026-02-20).

GeoRank.org/economy/brazil/zambia | 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 Zambia's deficit of $840M, or 3.32% of GDP.

Over the past 25 years, Brazil recorded a fiscal deficit in 25 of those years, while Zambia ran a deficit in 23 years. On average, Brazil posted an annual deficit equal to 4.98% of GDP, compared to deficit of 4.15% of GDP for Zambia.

Inflation comparison by year

Inflation
Brazil

Zambia
1x
Year Consumer prices inflation
Brazil Zambia
2024 4.4% 15%
2023 4.6% 10.9%
2022 9.3% 11%
2021 8.3% 22%
2020 3.2% 15.7%
2019 3.7% 9.2%
2018 3.7% 7.5%
2017 3.4% 6.6%
2016 8.7% 17.9%
2015 9% 10.1%
2014 6.3% 7.8%
2013 6.2% 7%
2012 5.4% 6.6%
2011 6.6% 8.7%
2010 5% 8.5%
2009 4.9% 13.4%
2008 5.7% 12.4%
2007 3.6% 10.7%
2006 4.2% 9%
2005 6.9% 18.3%
2004 6.6% 18%
2003 14.7% 21.4%
2002 8.4% 22.2%
2001 6.8% 21.4%
2000 7% 24.1%
1999 4.9% 23.9%
1998 3.2% 22.7%
1997 6.9% 21.4%

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

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

Over the past 28 years, Brazil has recorded an average annual inflation rate of 6.13%, compared with 14.4% in Zambia. In 2024, inflation was 4.4% in Brazil and 15% in Zambia.

Top exports between countries

Brazil
Export category Export value
Machinery & equipment $6.72M
Textiles & consumer goods $757K
Animal & marine products $532K
Chemicals & pharma $150K
Weapons & explosives $83K
Raw agricultural goods $80K
Raw materials & minerals $78K
Metals $40K
Wood & paper products $39K
Processed food, beverages & tobacco $14K
Zambia
Export category Export value
Metals $1.08M
Raw materials & minerals $613K
Processed food, beverages & tobacco $24K
Machinery & equipment $9K
Miscellaneous $5K
Wood & paper products $5K

Balance of trade

Brazil Zambia
Current account balance
-$66.2B
2024
-$487M
2024
Current account balance ranking
188/190
2024
106/190
2024
Current account balance, % of GDP
-3.03%
2024
-1.93%
2024
Goods imports
$274B
2024
$10.1B
2024
Goods exports
$340B
2024
$11.4B
2024
Service imports
$103B
2024
$1.94B
2024
Service exports
$48.1B
2024
$1.38B
2024
Imports of goods and services, % of GDP
17.6%
2024
27.6%
2024
Exports of goods and services, % of GDP
17.9%
2024
35%
2024

Economic freedom indices

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

Brazil Zambia
Economic freedom 52.4 51.9
Economic freedom ranking 148/197 152/197
Property rights 49.2 43.9
Government integrity 37.2 39.3
Judicial effectiveness 55.6 45
Tax burden 70.6 74.3
Government spending 39.8 78.1
Fiscal health 28 30.9
Business freedom 65.7 53.4
Labor freedom 57 48.8
Monetary freedom 76 66.6
Trade freedom 69 62.8
Investment freedom 40 40
Financial freedom 40 40

Economic freedom comparison by year

Brazil
Zambia
1x
Year Economic freedom index
Brazil Zambia
2026 52.4 51.9
2025 55.1 50.9
2024 53.2 48.4
2023 53.5 47.8
2022 53.3 48.7
2021 53.4 50.4
2020 53.7 53.5
2019 51.9 53.6
2018 51.4 54.3
2017 52.9 55.8
2016 56.5 58.8
2015 56.6 58.7
2014 56.9 60.4
2013 57.7 58.7
2012 57.9 58.3
2011 56.3 59.7
2010 55.6 58
2009 56.7 56.6
2008 56.2 56.2
2007 56.2 56.2
2006 60.9 56.8
2005 61.7 55
2004 62 54.9
2003 63.4 55.3
2002 61.5 59.6
2001 61.9 59.5
2000 61.1 62.8
1999 61.3 64.2
1998 52.3 62.7
1997 52.6 62.1
1996 48.1 59.6
1995 51.4 55.1

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

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

The Economic Freedom Index for Brazil is 52.4, ranking 148/197, compared to 51.9 for Zambia, ranking 152/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Brazil Zambia
Services, % of GDP
59.2%
2024
57.2%
2024
Industry, % of GDP
20.9%
2024
35.2%
2024
Agriculture, forestry, and fishing, % of GDP
5.75%
2024
2.83%
2024
GNI, Atlas method
$2.11T
2024
$25.9B
2024
GNI per capita, PPP
$21,590
2024
$3,850
2024
Total reserves including gold
$330B
2024
$4.09B
2024
Total reserves ranking
11/177
2024
106/177
2024
Net foreign direct investment
-$47.8B
2024
-$1.32B
2024
Net inflows of foreign direct investment
$74.1B
2024
$2.36B
2024
Net outflows of foreign direct investment
$26.3B
2024
$311M
2024
Servicing debt to the IMF, % of GNI
5.4%
2024
16.9%
2024
Poverty at national poverty lines
4.2%
2020
60%
2022
Gross capital formation, % of GDP
17%
2024
23.8%
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/zambia | 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 (2000–2024, 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 (2021–2024, 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.