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May 9, 2024 · The simple formula of GDP per capita is the following: GDP per capita = Gross Domestic Product / Population. To see the difference between these indicators, let's have a look at the below table with real GDP and GDP per capita data from different countries between 2007 and 2017.
GDP per capita (current US$) - Brazil. World Bank national accounts data, and OECD National Accounts data files.
It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in current U.S. dollars. Brazil gdp per capita for 2022 was $8,918, a 15.86% increase from 2021. Brazil gdp per capita for 2021 was $7,697, a 11.17% increase from 2020.
- GDP vs. GDP Per Capita
- Sources of Brazil’s Income
- Foreign and Domestic Demand
- Imports and Exports
- Tourism
- Improving Income Growth
- The Bottom Line
In 2022, Brazil's GDP was USD 1.9 trillion. Yet, considering Brazil’s total population, approximately 215.3 million in 2022, the average Brazilian income or GDP per capita was only USD 8,900.Brazil’s income is relatively large compared to the income of its workforce, estimated at 108 million individuals.
Brazil’s income is derived from the following three sectors: agriculture, industry, and services including revenue generated from: 1. Coffee 2. Soybeans 3. Wheat 4. Sugarcane 5. Textiles 6. Chemicals 7. Cement 8. Aircraft, motor vehicles, and parts The service sectorcomprises hospitality, finance, IT BPO, retail sales, and personal services. Sector...
Since the 2000s, China has been Brazil’s leading foreign consumer, benefiting Brazil’s exports, the value of which increased from nearly 2% in 2000 to 32.4% in 2020. Brazil’s economic climate during this time also helped attract capital flows, leading to an enormous expansion of consumer credit. Domestic consumption rose significantly as household ...
According to available data, in 2021, Brazil exported a total of $288 billion worth of goods. Among the top goods exported, Brazil set $46.2 billion of iron ore, $39 billion of coffee, and $30.7 billion of crude petroleum oil.Brazil imported $225 billion of goods in 2021, led, by $13.1 billion of refined petroleum, $7.58 billion of motor vehicle pa...
Brazil relies on tourism as a source of income. The country reported over 6.6 million tourist arrivals in 2018 and over 6.3 million in 2019. Due to COVID-19 global shutdowns and travel restrictions, the country only saw 2.1 million tourists in 2020 and 746,000 in 2021.According to the Brazilian government, the tourism sector grew by 85.7% compared ...
Based on a low GDP per capita, Brazil can strategize to increase productivity and boost its international competitiveness. A competitiveness study ranked Brazil 15thamong 16 peer nations. Development improvements may include increasing investment, promoting closer integration with major markets, upgrading infrastructure to connect Brazil to the res...
Brazil has an abundance of natural resources and labor and the fundamental components to make money and sustain a growing economy. However, the country's per capita GDP is significantly lower than Brazil's GDP, which questions the strategies and management used to maintain the growth of the country.
Mar 31, 2024 · Key Takeaways. Gross domestic product per capita is a country's economic output per person. It's calculated by dividing the GDP of a country by its population. GDP per capita...
The GDP per capita is obtained by dividing the country’s gross domestic product, adjusted by inflation, by the total population. Compare GDP per Capita by Country. The Gross Domestic Product per capita in Brazil was last recorded at 8831.13 US dollars in 2022. The GDP per Capita in Brazil is equivalent to 70 percent of the world's average.
Frequency: Annual. GDP per capita is gross domestic product divided by midyear population. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products.
