Country Profile – Brazil | ANDAMAN PARTNERS

Country Profiles

Brazil

June 18, 2025

NOTE: This is a brief summary of the full Country Profile, which can be viewed or downloaded at the link below.

Brazil’s USD 2.2 trillion economy is the world’s ninth-largest by nominal value, with agriculture, mining, manufacturing and services as key sectors. GDP is forecast to reach USD 2.7 trillion in 2030.

Brazil has a total land area of 8.51 million square kilometres.

Government is a democracy with a presidential and federal system.

Main economic hubs: Sao Paulo, Rio de Janeiro, Belo Horizonte, Porto Alegre.

Brazil’s economy recovered steadily post-2020 driven by services, with modest contributions from industry and agriculture. Real GDP growth is forecast to stabilise at around 2% in the second half of the 2020s.

Brazil is weathering recent economic challenges, including unemployment, currency depreciation and inflation, via falling unemployment, steady inflation control and a recovering currency.

Economic recovery is marked by a decline in central government debt from a 2020 peak, with a strong rebound in household consumption. Gross Fixed Capital Formation remained subdued at 16.5% of GDP in 2023.

Total trade reached USD 615 billion in 2024, driven by strong export growth in Agricultural Goods and Minerals, Fuels & Chemicals, which accounted for 56% of total exports. Metals, Electronics & Machinery accounted for 35% of imports.

Leading export partners (2024): China (USD 94.4 billion), U.S. (USD 40.9 billion), Argentina (USD 13.8 billion).

Leading import partners (2024): China (USD 69.2 billion), U.S. (USD 43.2 billion), Germany (USD 14.1 billion).

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