South America | Rank #10 nominal, #8 PPP
GDP of Brazil: $2.6T in 2026 (IMF Data)
Latin America's largest economy, a global agricultural and commodities superpower with a relatively closed domestic market and persistent fiscal challenges.
Source: IMF World Economic Outlook (April 2026 release) | Last verified June 2026
Brazil 2026
$2.6T
Nominal GDP (USD)
+1.9%
Real GDP growth, 2026 IMF projection
$12,300
Per capita (nominal USD)
$5.2T
PPP GDP (international USD)
Population (2026)
217M
Currency
BRL
Capital
Brasilia
Region
South America
The Brazil Economy in 2026
Brazil dominates Latin America by economic size and is one of the world's top agricultural exporters. It is the world's largest exporter of soybeans, beef, coffee, sugar, and orange juice, and a top-three exporter of iron ore. The agricultural sector at 12 percent of GDP is far above the developed-economy norm and continues to expand as productivity and acreage both rise.
The domestic economy is relatively closed. Trade as a share of GDP at around 30 percent is low for an economy of this size, partly because of the size of the internal market and partly because of historically high tariffs and a complex tax system. Services dominate at 65 percent of GDP, with finance and retail particularly large.
Real growth has been more volatile than the structural trend would suggest, with deep recessions in 2015-2016 and 2020 interspersed with strong recoveries. The IMF projects +1.9 percent for 2026, supported by record harvests, expanding oil production (Brazil is now a top-10 oil producer), and resilient services. Persistent fiscal deficits and inflation above target keep policy interest rates among the highest in the G20.
Sector Composition
How Brazil's GDP breaks down by economic sector (approximate 2024 shares, source: World Bank national accounts).
Expenditure Components: C + I + G + (X-M)
Approximate shares of Brazil's GDP by spending category. Net exports are positive (trade surplus).
Note: Shares are calculated on an absolute basis for visual proportionality. Negative net exports reduce GDP rather than adding to it.
Historical GDP Trajectory
| Year | Nominal GDP (USD) | Real Growth |
|---|---|---|
| 2014 | $2.5T | +0.5% |
| 2020 | $1.4T | -3.3% |
| 2024 | $2.2T | +3.0% |
| 2025 | $2.3T | +2.7% |
| 2026 | $2.6T | +1.9% |
Source: IMF World Economic Outlook (2026 forecast) and World Bank Open Data (earlier-year actuals). Nominal GDP is shown in current US dollars and moves with exchange rates as well as real output, so dollar levels for recent years can shift between data vintages. Figures rounded to one decimal trillion; real growth is the inflation-adjusted annual change in GDP.
Top Exports
The goods and services Brazil sells abroad in the largest volumes, contributing to the (X) term in the GDP formula.
Sources
- IMF Brazil Country Page: primary source for nominal and PPP figures, WEO April 2026 dataset.
- World Bank Open Data: Brazil: historical series, cross-check on sector shares.
- IBGE (Brazilian Institute of Geography and Statistics): official national accounts.
- IMF World Economic Outlook: the headline biannual cross-country dataset.