Brazil

Brazil is a federal republic located in South America, endowed with a vast territory and abundant natural resources, forming the largest economy in South America. Its economy has a diverse industrial structure, with developed manufacturing and service sectors in addition to agricultural production utilizing vast arable land and exports of abundant mineral resources. Its capital is Brasília.

Looking at Brazil's economic scale, nominal GDP is expected to reach approximately $2.28 trillion in 2025, an increase of 4.3% year-on-year. The total population is approximately 212.81 million, an increase of 0.4% year-on-year. Nominal GDP per capita is approximately $10,713, a 3.9% increase year-on-year. However, real GDP growth rate, which indicates the economy's actual growth, decelerated by 1.1 percentage points from the previous year to 2.3% in 2025, and real GDP growth per capita also decelerated by 1.1 percentage points from the previous year to 1.9%. Consumer price inflation is at a high level of 5.0%, up 0.6 percentage points from the previous year, and correspondingly, the real interest rate is very high at 37.5%, an increase of 2.7 percentage points from the previous year. On the other hand, the unemployment rate improved by 0.8 percentage points from the previous year to 5.97%.

In terms of public finances, government debt to GDP ratio, while high at 81.9% in 2024, improved by 1.2 percentage points from the previous year. Looking at the balance of payments, trade to GDP ratio is 35.3% in 2025, but the current account balance is in a deficit of -2.9% of GDP, and although it improved slightly by 0.1 percentage points from the previous year, it remains in a deficit.