Brazil GDP Growth Rate 1996-2018 | Data | Chart | Calendar | Forecast

The Brazilian economy advanced 0.1 percent on quarter in the last three months of 2017, following an upwardly revised 0.2 percent expansion in the previous period and well below market expectations of a 0.4 percent rise. It is the lowest growth rate in four quarters after a 2-year recession in 2017. Considering full 2017, the economy expanded 1 percent, following a 3.5 percent contraction in both 2016 and 2015. GDP Growth Rate in Brazil averaged 0.58 percent from 1996 until 2017, reaching an all time high of 3.60 percent in the third quarter of 1996 and a record low of -4.10 percent in the fourth quarter of 2008.

Brazil GDP Growth Rate
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Brazil GDP Growth Below Forecasts in Q4


The Brazilian economy advanced 0.1 percent on quarter in the last three months of 2017, following an upwardly revised 0.2 percent expansion in the previous period and well below market expectations of a 0.4 percent rise. It is the lowest growth rate in four quarters after a 2-year recession in 2017. Considering full 2017, the economy expanded 1 percent, following a 3.5 percent contraction in both 2016 and 2015.

Household spending slowed sharply (0.1 percent compared to 1.1 percent in Q3). Also, exports shrank 0.9 percent, following a 3.3 percent jump in Q3, marking the biggest drop in five quarters. Imports rose at a softer 1.6 percent after a 6.5 percent surge in Q3. On the other hand, gross fixed capital formation went up 2 percent after a 1.8 percent rise in Q3. It is the biggest increase since the second quarter of 2013. Also, government expenditure went up 0.2 percent, the first increase in seven quarters.

Year-on-year, the economy advanced 2.1 percent, higher than 1.4 percent in Q3 and the strongest annual growth since the first quarter of 2014.

Considering full 2017, household spending went up 1 percent (-4.3 percent in 2016), the first increase since 2014; exports rose 5.2 percent (1.9 percent in 2016), the most since 2015, mainly boosted by products of agriculture, oil and gas, automotive industry and machinery and equipment; imports grew 5 percent (-10.2 percent in 2016), the first increase in 4 years amid purchases of petroleum refining, electronic materials and communication and clothing. On the other hand, gross fixed capital formation slumped for the fourth year (-1.8 percent compared to -10.3 percent in 2016), dragged down by a 5.6 percent decline in construction that offset a 3 percent gain in machinery and equipment. Public expenditure declined for the third consecutive year (-0.6 percent compared to -0.1 percent in 2016).


IBGE | Joana Taborda |
3/1/2018 12:42:58 PM



Calendar GMT Actual Previous Consensus TEForecast
2017-09-01 12:00 PM GDP Growth Rate QoQ 0.2% 1% 0.1% 0.2%
2017-12-01 11:00 AM GDP Growth Rate QoQ 0.1% 0.7% 0.3% 0.2%
2018-03-01 12:00 PM GDP Growth Rate QoQ 0.1% 0.2% 0.4% 0.3%
2018-05-30 12:00 PM GDP Growth Rate QoQ 0.1% 0.4%
2018-08-31 12:00 PM GDP Growth Rate QoQ 0.50%
2018-11-30 11:00 AM GDP Growth Rate QoQ 0.50%


Brazil GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.10 0.20 3.60 -4.10 percent [+]
GDP Annual Growth Rate 2.10 1.40 10.10 -5.60 percent [+]
GDP 1796.19 1803.65 2616.20 15.17 USD Billion [+]
GDP Constant Prices 291838.95 295644.96 314900.81 170920.00 BRL Million [+]
Gross National Product 1670120.83 1609208.89 1670120.83 271187.46 BRL Million [+]
Gross Fixed Capital Formation 268026.06 263924.50 291365.72 35403.16 BRL Million [+]
GDP per capita 10826.30 11322.10 11912.10 3425.00 USD [+]
GDP per capita PPP 14023.70 14666.00 15430.30 10099.60 USD [+]
GDP From Agriculture 13159.91 18334.73 24981.62 6923.17 BRL Million [+]
GDP From Construction 15334.12 15514.00 20193.88 10342.31 BRL Million [+]
GDP From Manufacturing 29938.38 31490.74 37408.43 21655.49 BRL Million [+]
GDP From Mining 2569.13 2644.23 2644.23 1096.77 BRL Million [+]
GDP From Public Administration 39712.57 39977.20 40315.59 26246.88 BRL Million [+]
GDP From Services 179153.55 177647.94 188034.18 100853.26 BRL Million [+]
GDP From Transport 8343.01 8427.19 9391.41 5031.39 BRL Million [+]
GDP From Utilities 6540.83 6435.41 6665.67 3667.91 BRL Million [+]


Brazil GDP Growth Rate

Brazil is the eighth largest economy in the world and the largest in Latin America. In recent years, the country has been one of the fastest-growing economies in the world primarily due to its export potential. The country’s trade is driven by its extensive natural resources and diverse agricultural and manufacturing production. Also, rising domestic demand, increasingly skilled workforce along with scientific and technological development, have attracted foreign direct investment. However, bureaucracy, corruption and weak infrastructure remain the biggest obstacles to economic development. This page provides - Brazil GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Brazil GDP Growth Rate - actual data, historical chart and calendar of releases - was last updated on March of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
0.10 0.20 3.60 -4.10 1996 - 2017 percent Quarterly




GDP growth rate by Country
Country Last
United States 2.50 Dec/17
India 1.80 Dec/17
China 1.60 Dec/17
Turkey 1.20 Sep/17
Mexico 0.80 Dec/17
Netherlands 0.80 Dec/17
Spain 0.70 Dec/17
Euro Area 0.60 Dec/17
France 0.60 Dec/17
Germany 0.60 Dec/17
Switzerland 0.60 Dec/17
Australia 0.40 Dec/17
Canada 0.40 Dec/17
Japan 0.40 Dec/17
United Kingdom 0.40 Dec/17
Italy 0.30 Dec/17
Brazil 0.10 Dec/17
Russia 0.10 Sep/17
South Korea -0.20 Dec/17
Indonesia -1.70 Dec/17


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