Brazil Country Profile by Andaman Partners

Country Profiles

Brazil

Profile in Brief
Brazil Country Profile by Andaman Partners

Brazil’s USD 2.3 billion economy is the ninth-largest by nominal value, and its key sectors are agriculture, mining, manufacturing and services.

Brazil has a total land area of 8.5 million square kilometres.

Government is a democracy with a presidential and federal system.

Economy at a Glance
Brazil Economy At a Glance by Andaman Partners
GDP Overview (2023)
Brazil Trade Chart

The economy recovered steadily after 2020, driven by services and modest contributions from industry and agriculture.

Real GDP growth is forecast to stabilize at around 2% in the second half of the 2020s.

Government debt has declined from a 2020 peak, but gross fixed capital formation remains subdued at 16.5% of GDP (2023).

Trade Profile (2023)
Brazil Trade Table

Total trade reached USD 592 billion in 2023 driven by strong export growth of agricultural goods and minerals, accounting for over 57% of total exports.

Leading export partners (2023): China (USD 104.3 billion), U.S. (USD 37.5 billion), Argentina (USD 16.7 billion).

Leading import partners (2023): China (USD 56.0 billion), U.S. (US 40.2 billion), Germany (USD 13.6 billion).

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