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Brazil: Government deficit (% of GDP)

Percent of GDP · 1861–2024 · 161 observations · forecasts to 2031 · govdef_GDP

2024
−6.17%percent of GDP
Change on 2023
+1.5 pointsfrom −7.71%
Average, 2015–2024
−6.92%10 years
Record high and low
2.50% (1980)low −18.6% (1868)

Government deficit (% of GDP)

Report error
-20%-15%-10%-5%0%5%1875190019251950197520002025BrazilBrazil
ForecastPercent of GDP

Compare with other countries →Definition of Government deficit (% of GDP)

Recent values

Percent of GDP

YearValue
2031-6.11Forecast
2030-6.09Forecast
2029-6.04Forecast
2028-6.17Forecast
2027-6.87Forecast
2026-7.71Forecast
2025-8.07Forecast
2024-6.17
2023-7.71
2022-3.96
2021-2.63
2020-11.6
2019-4.86
2018-6.99
2017-7.97
2016-7.99
2015-9.28

Sources

This series is derived from other GMD variables.

Please cite: Müller, K., Xu, C., Lehbib, M., & Chen, Z. (2025). The Global Macro Database: A New International Macroeconomic Dataset. NBER Working Paper 33714. BibTeX →

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