Brazil GDP Growth Rate 1996-2017 | Data | Chart | Calendar | Forecast

The Brazilian economy advanced 0.1 percent on quarter in the third quarter of 2017, following an upwardly revised 0.7 percent growth in the previous period and below market expectations of 0.3 percent. Still, it was the third consecutive expansion after 2 year long recession. GDP Growth Rate in Brazil averaged 0.59 percent from 1996 until 2017, reaching an all time high of 3.90 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 Grows a Meager 0.1% in Q3


The Brazilian economy advanced 0.1 percent on quarter in the third quarter of 2017, following an upwardly revised 0.7 percent growth in the previous period and below market expectations of 0.3 percent. It is the smallest expansion in three quarters after a 2-year recession.

Household spending rose 1.2 percent, the same as in the previous period and gross fixed capital formation went up 1.6 percent, the most in four years after stalling in the previous quarter. On the other hand, government spending shrank 0.2 percent, following a 0.1 percent fall in the previous period. Exports rose 4.1 percent (1.2 percent in Q2) and imports jumped 6.6 percent, recovering from a 3.4 percent fall in the previous period.

On the production side, the industrial sector recovered (0.8 percent compared to -0.4 percent) mainly due to a rebound in utilities (0.1 percent compared to -2 percent); mining (0.2 percent compared to -0.2 percent) and manufacturing (1.4 percent compared to 0.2 percent) while construction stalled (-1.9 percent in Q2). Services rose slightly less (0.6 percent compared to 0.8 percent), namely internal trade (1.6 percent compared to 2.2 percent) and agriculture shrank 3 percent (-2.3 percent).

Growth figures for Q2 2017 were revised up to 0.7 percent from 0.2 percent and for Q1 2017 to 1.3 percent from 1 percent.

Year-on-year, the economy advanced 1.4 percent, following an upwardly revised 0.4 percent rise in the previous quarter and better than forecasts of 1.3 percent. It is the fastest growth rate since the first quarter of 2014.

IBGE | Joana Taborda |
12/1/2017 11:42:15 AM



Calendar GMT Actual Previous Consensus TEForecast
2017-06-01 12:00 PM GDP Growth Rate QoQ 1% -0.5% 1% 0.8%
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 11:00 AM GDP Growth Rate QoQ 0.1% 0.3%
2018-03-07 12:00 PM GDP Growth Rate QoQ
2018-06-01 12:00 PM GDP Growth Rate QoQ


Brazil GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.10 0.70 3.90 -4.10 percent [+]
GDP Annual Growth Rate 1.40 0.40 10.10 -5.60 percent [+]
GDP 1796.19 1803.65 2616.20 15.17 USD Billion [+]
GDP Constant Prices 295644.96 289755.53 314900.81 170920.00 BRL Million [+]
Gross National Product 1609208.89 1607998.04 1609208.89 271187.46 BRL Million [+]
Gross Fixed Capital Formation 263924.50 248769.23 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 18334.73 22402.41 24981.62 6923.17 BRL Million [+]
GDP From Construction 15514.00 14972.60 20193.88 10342.31 BRL Million [+]
GDP From Manufacturing 31490.74 28556.96 37408.43 21655.49 [+]
GDP From Mining 2644.23 2528.81 2644.23 1096.77 BRL Million [+]
GDP From Public Administration 39977.20 39784.75 40315.59 26246.88 BRL Million [+]
GDP From Services 177647.94 173892.72 188034.18 100853.26 BRL Million [+]
GDP From Transport 8427.19 8035.11 9391.41 5031.39 BRL Million [+]
GDP From Utilities 6435.41 6502.37 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 December of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
0.10 0.70 3.90 -4.10 1996 - 2017 percent Quarterly




GDP growth rate by Country
Country Last
United States 3.30 Sep/17
Indonesia 3.18 Sep/17
China 1.70 Sep/17
South Korea 1.50 Sep/17
India 1.40 Jun/17
Turkey 1.20 Sep/17
Russia 1.08 Jun/17
Germany 0.80 Sep/17
Spain 0.80 Sep/17
Australia 0.60 Sep/17
Euro Area 0.60 Sep/17
Japan 0.60 Sep/17
Switzerland 0.60 Sep/17
France 0.50 Sep/17
Canada 0.40 Sep/17
Italy 0.40 Sep/17
Netherlands 0.40 Sep/17
United Kingdom 0.40 Sep/17
Brazil 0.10 Sep/17
Mexico -0.30 Sep/17