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

The Brazilian economy advanced 1 percent on quarter in the first three months of 2017, following a downwardly revised 0.5 percent contraction in the previous period and in line with market expectations. It is the first expansion in two years boosted by a jump in exports and a smaller decline in consumer spending while public spending fell and investment continued to shrink. GDP Growth Rate in Brazil averaged 0.58 percent from 1996 until 2017, reaching an all time high of 4 percent in the third quarter of 1996 and a record low of -3.90 percent in the fourth quarter of 2008.

Brazil GDP Growth Rate
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Calendar GMT Actual Previous Consensus Forecast (i)
2016-11-30 11:00 AM Q3 -0.8% -0.4% -0.8% -0.6%
2017-03-07 12:00 PM Q4 -0.9% -0.7% -0.6% -0.2%
2017-06-01 12:00 PM Q1 1% -0.5% 1% 0.8%
2017-09-01 12:00 PM Q2 1% 0.2%
2017-12-01 11:00 AM Q3 0.2%
2018-03-01 11:00 AM Q4 0.3%




Brazil GDP Returns To Growth In Q1


The Brazilian economy advanced 1 percent on quarter in the first three months of 2017, following a downwardly revised 0.5 percent drop in the previous period and in line with market expectations. It is the first expansion after a 2-year recession, boosted by a jump in exports and a smaller drag from consumer spending. On the other hand, public spending fell and investment continued to shrink.

Exports jumped 4.8 percent (-1 percent in Q4), the most in 2 years, after four straight quarters of declines as sales of oil, iron ore and soybeans grew. Imports increased 1.8 percent, slowing from a 3.5 percent rise in Q4. Consumer spending edged down 0.1 percent (-0.5 percent in Q4), dropping the least in nine quarters. On the other hand, gross fixed capital formation went down 1.6 percent, the same as in the previous period, contracting for a third straight quarter as investors remain cautious amid continued political scandals and higher borrowing cost. Also, government spending fell 0.6 percent, the most since Q4 of 2015, after a flat reading in the previous period as the government of Michel Temer reduced fiscal spending. 

On the production side, agriculture grew 13.4 percent recovering from 0.2 percent contraction in Q4 amid record harvest. Also, industry rebounded (0.9 percent from -0.9 percent in Q4). Still, services were flat, with retail trade falling 0.6 percent (-1.1 percent in Q4).

Year-on-year, the economy contracted 0.4 percent, the least in two years.

Joana Taborda | joana.taborda@tradingeconomics.com
6/1/2017 2:11:59 PM



Brazil GDP Last Previous Highest Lowest Unit
GDP Growth Rate 1.00 -0.50 4.00 -3.90 percent [+]
GDP Annual Growth Rate -0.40 -2.50 10.10 -5.80 percent [+]
GDP 1803.65 2456.00 2616.20 15.17 USD Billion [+]
GDP Constant Prices 283460.35 285112.89 314900.94 170920.00 BRL Million [+]
Gross National Product 1560168.58 1589356.15 1589356.15 264509.18 BRL Million [+]
Gross Fixed Capital Formation 248569.48 254786.37 291362.48 35403.16 BRL Million [+]
GDP per capita 11211.89 11751.10 11796.27 3411.48 USD [+]
GDP per capita PPP 14532.98 15231.91 15290.46 10046.60 USD [+]
GDP From Agriculture 23855.60 12045.26 23855.60 6923.17 BRL Million [+]
GDP From Construction 15825.31 16175.80 20192.92 10342.31 BRL Million [+]
GDP From Manufacturing 26298.50 27844.17 37408.43 21655.49 [+]
GDP From Mining 2438.91 2540.72 2586.44 1096.77 BRL Million [+]
GDP From Public Administration 38657.59 39273.35 39898.23 26246.88 BRL Million [+]
GDP From Services 169630.32 175996.33 188042.35 100853.26 BRL Million [+]
GDP From Transport 7574.90 7719.30 9389.86 5031.39 BRL Million [+]
GDP From Utilities 6445.94 6342.14 6445.94 3667.91 BRL Million [+]


Brazil GDP Growth Rate Notes

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 June of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
1.00 -0.50 4.00 -3.90 1996 - 2017 percent Quarterly



gdp growth rate by Country

Last
India 1.50 Mar/17
Turkey 1.40 Mar/17
China 1.30 Mar/17
United States 1.20 Mar/17
South Korea 1.10 Mar/17
Brazil 1.00 Mar/17
Canada 0.90 Mar/17
Spain 0.80 Mar/17
Mexico 0.70 Mar/17
Euro Area 0.60 Mar/17
Germany 0.60 Mar/17
France 0.50 Mar/17
Italy 0.40 Mar/17
Netherlands 0.40 Mar/17
Australia 0.30 Mar/17
Japan 0.30 Mar/17
Switzerland 0.30 Mar/17
United Kingdom 0.20 Mar/17
Indonesia -0.34 Mar/17
Russia -0.57 Sep/15