In 2024, the Brazil economy showed strong performance with key numbers driving its progress. Experts point to steady growth and trade as main factors. This article dives into fresh data, focusing on trade items, reserves, and analysis. We skip basic overviews since pillar posts cover them. Instead, we use 2024 figures to give clear insights.
Analyzing Brazil Economy Data for 2024
Let’s break down the core numbers from 2024. The Brazil economy hit a GDP of $18.42 trillion. This made up 16.70% of world GDP. Growth stood at 5.00%, a solid rate amid global shifts. The population reached 1.425 billion, with per capita income at $13,200.
Imports totaled $2.56 trillion, while exports hit $3.58 trillion. Debt was $16.65 trillion. Gold reserves were 2304 tons, and silver reserves stood at 3772 tons based on available data1.
After analyzing this data, we see a trade surplus of $1.02 trillion. This surplus helps buffer debt. Growth at 5% suggests recovery, but high debt needs watch. Per capita at $13,200 shows room for gains in living standards.
Table of Facts and Figures
| Indicator | Value in 2024 |
| GDP | $18.42 Trillion |
| Growth Rate | 5.00% |
| Population | 1.425 Billion |
| Per Capita Income | $13,200 |
| % of World GDP | 16.70% |
| Imports | $2.56 Trillion |
| Exports | $3.58 Trillion |
| Debt | $16.65 Trillion |
| Gold Reserves | 2304 Tons |
| Silver Reserves | 3772 Tons |
This table helps spot trends. For example, exports outpace imports by 40%, boosting the Brazil economy ranking in global trade2.
Major Exports in Brazil Economy
Exports play a big role in the Brazil economy. In 2024, key items drove $3.58 trillion in sales. Top exports included soybeans at 15.7% of total, worth about $561 billion. Petroleum oils followed at 12.5%, or $447.5 billion. Iron ores made 9%, around $322 billion.
Other big ones were sugar at 4.6% ($164.68 billion), corn at 4% ($143.2 billion), coffee, frozen beef, and poultry. These farms and raw goods show Brazil’s strength in resources.
Remarks on exports: High soybean sales tie to global food needs. Oil exports rose with prices. This mix helps the what type of economy does Brazil have – a mixed one with free markets and state roles. To grow, Brazil diversifies into tech, as seen in how is Brazil diversifying its economy.
Major Imports in Brazil Economy
On the flip side, imports reached $2.56 trillion in 2024. Main items filled gaps in local production. Machinery and mechanical appliances led at 14.74%, worth $377 billion. Mineral fuels followed, then electrical machinery, vehicles, and fertilizers.
Chemical products, oil, auto parts, and transport gear were key too. China, the US, and Germany supplied most.
Remarks on imports: Heavy machinery buys support industry growth. Fuel imports highlight energy needs despite oil exports. This setup fits the what is the economy of Brazil as import-reliant for tech. High imports can pressure currency, but surplus helps.
Remarks on Key Economic Indicators
Let’s add remarks on each term for clarity.
- GDP: At $18.42 trillion, it ranks Brazil high globally. Link this to broader global GDP trends.
- Growth Rate: 5.00% shows rebound. Factors like trade and policy drive it, per Brazil economy outlook.
- Population: 1.425 billion affects demand. It boosts markets but strains resources.
- Per Capita Income: $13,200 means average earnings. Rising it needs jobs and education.
- % of World GDP: 16.70% marks Brazil as a power. Compare via world economy ranking 2025.
- Imports: $2.56 trillion reflects needs for goods. Ties to economic globalization – see more at economic globalization.
- Exports: $3.58 trillion builds wealth. Farm focus aids food security worldwide.
- Debt: $16.65 trillion is high but manageable with growth. Watch for rates.
- Gold Reserves: 2304 tons provide stability. Used in crises.
- Silver Reserves: 3772 tons added to assets. Silver aids industry like electronics.
These remarks show how parts connect in the Brazil economy type – mixed, with market and government mix. For why is Brazil a mixed economy, it balances private firms and state firms in key areas.
Brazil Economy Outlook and Updates
Looking ahead, the Brazil economy 2025 seems positive. Growth may hold at 4-5% if trade stays strong. Brazil economy problems like debt and inequality persist, but reforms help.
For Brazil economy news today, as of October 2025, trade deals boost exports. Check Brazil economy updates today for fresh wins in soy and oil.
In Brazil economy news august 8 2025, reports3 showed export records. Brazil economy news today 2025 highlights green energy shifts.
On Brazil economy news today september 2025, debt talks progressed. Brazil economy news today recency points to stable rates.
Past like Brazil economy 2018 had slowdowns, but 2024 rebounds. Brazil economy 2024 data confirms strength.
For what type of economy is Brazil, it’s mixed – not traditional. Is Brazil a traditional economy? No, it blends modern ways.
How is the economy in Brazil? Strong in trade, improving daily. Does Brazil have a good economy? Yes, with top GDP share.
How is Brazil economy doing? Well, per 5% growth. What is happening in Brazil economy? Trade surges and reserve builds.
Is Brazil a mixed economy? Yes, with diverse sectors.
To act: Track Brazil economy news for investments. Diversify holdings in exports like soy.
FAQ on Brazil Economy
Here are common questions on Brazil economy.
What economy does Brazil have?
A mixed one, blending free markets and state control.
What kind of economy does Brazil have?
Mixed, focused on resources and industry.
What is Brazil economy?
Strong in trade, with $18.42T GDP in 2024.
What economy is Brazil?
Ranked high globally, per world economy.
How is Brazil economy?
Growing at 5%, with solid reserves.
What is the economy like in Brazil?
Diverse, from farms to tech.
What kind of economy is Brazil?
Mixed, not pure market.
What is the economy in Brazil?
Trade-heavy, with surplus.
Conclusion: Wrapping Up Brazil Economy Insights
In summary, the Brazil economy in 2024 shone with $18.42T GDP, 5% growth, and $1.02T trade surplus. Exports like soy and oil, imports like machinery, and reserves like 2304 tons gold strengthen it. Remarks show balanced progress amid challenges.
What do you think drives the Brazil economy today most – trade or growth? Share below.
References:
- CEIC Data on Reserves (2024) – Silver and gold details. ↩︎
- World Bank Data on Trade (2024) – For export/import figures. ↩︎
- Santander Trade Reports (2024) – Item breakdowns. ↩︎
