Brazil’s gross domestic product shrank 0.1% on quarter in the three months to September 2021, following an upwardly revised 0.4% contraction in the previous period, compared to market expectations of no growth and officially entering a recession. The agricultural sector slumped 8% amid an unusual drought that disrupted grain production and coffee crops, and as the soybean harvest season ended. Meanwhile, industry showed no growth, as expansion in construction (3.9%) was offset by declines in utilities (-1.1%); manufacturing (-1%) and mining (-0.4%). At the same time, services grew 1.1%. On the expenditure side, fixed investment shrank 0.1% and net external demand contributed negatively, as exports and imports fell 9.8% and 8.3%, respectively. Meanwhile, household consumption rose 0.9% and government spending grew 0.8%. On a yearly basis, the economy grew by 4%, after a record 12.3% expansion in the previous period and slightly below market expectations of a 4.2% rise. source: Instituto Brasileiro de Geografia e Estatística (IBGE)

GDP Growth Rate in Brazil averaged 0.55 percent from 1996 until 2021, reaching an all time high of 7.80 percent in the third quarter of 2020 and a record low of -8.90 percent in the second quarter of 2020. This page provides - Brazil GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Brazil GDP Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on December of 2021.

GDP Growth Rate in Brazil is expected to be 0.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Brazil GDP Growth Rate is projected to trend around 0.80 percent in 2022 and 0.90 percent in 2023, according to our econometric models.

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Brazil GDP Growth Rate


Calendar GMT Actual Previous Consensus TEForecast
2021-09-01 12:00 PM Q2 -0.1% 1.2% 0.2% 0.2%
2021-12-02 12:00 PM Q3 -0.1% -0.4% 0% 0.0%
2022-03-04 12:00 PM Q4 -0.1%


Related Last Previous Unit Reference
GDP Growth Rate -0.10 -0.40 percent Sep/21
GDP Annual Growth Rate 4.00 12.30 percent Sep/21
GDP Constant Prices 306899.40 300500.01 BRL Million Sep/21
Gross National Product 2153201.95 2106052.40 BRL Million Sep/21
Gross Fixed Capital Formation 430490.80 397317.22 BRL Million Sep/21
GDP From Utilities 6693.24 7038.60 BRL Million Sep/21
GDP From Transport 8822.59 8314.16 BRL Million Sep/21
GDP From Services 186511.67 180404.75 BRL Million Sep/21
GDP From Public Administration 38604.31 38348.78 BRL Million Sep/21
GDP From Mining 2677.79 2479.14 BRL Million Sep/21
GDP From Manufacturing 31514.53 29778.25 BRL Million Sep/21
GDP From Construction 14970.41 13475.01 BRL Million Sep/21
GDP From Agriculture 17963.07 23837.77 BRL Million Sep/21

News Stream
Brazil Economy Contracts Marginally in Q3
Brazil’s gross domestic product shrank 0.1% on quarter in the three months to September 2021, following an upwardly revised 0.4% contraction in the previous period, compared to market expectations of no growth and officially entering a recession. The agricultural sector slumped 8% amid an unusual drought that disrupted grain production and coffee crops, and as the soybean harvest season ended. Meanwhile, the industry showed no growth, as expansion in construction (3.9%) was offset by declines in utilities (-1.1%); manufacturing (-1%), and mining (-0.4%). At the same time, services grew 1.1%. On the expenditure side, fixed investment shrank 0.1% and net external demand contributed negatively, as exports and imports fell 9.8% and 8.3%, respectively. Meanwhile, household consumption and government spending grew 0.9% and 0.8% respectively. On a yearly basis, the economy grew by 4%, after a record 12.3% expansion in the previous period and slightly below market expectations of a 4.2% rise.
2021-12-02
Brazil Economy Unexpectedly Contracts in Q2
Brazil’s gross domestic product shrank 0.1 percent on quarter in the three months to June 2021, ending three straight quarters of expansion and missing market expectations of 0.2 percent growth. The agriculture and industry sectors were the main drivers of the contraction, falling 2.8 percent and 0.2 percent, respectively. Among industrial activities, manufacturing production fell 2.2 percent and utilities output declined 0.9 percent. These falls were offset by a 5.3 percent increase in mining and quarrying and a 2.7 percent advance in construction. Meanwhile, services activity grew by 0.7 percent, mainly boosted by information and communication, other service activities, trade, real estate activities, and financial activities, insurance and related services. On the expenditure side, fixed investment fell sharply while household consumption was unchanged. On a yearly basis, the economy grew by 12.4 percent, the most on record but below expectations of 12.8 percent.
2021-09-01
Brazil GDP Grows More than Expected in Q1
The Brazilian economy expanded by 1.2% on quarter in the first quarter of 2021, following a 3.2% rise in the previous period and slightly above market expectations of a 1% growth. It was the third consecutive quarter of expansion, driven by services (0.4% vs 2.7% in Q4) and industry (0.7% vs 1.6%). In addition, agriculture grew 5.7%, the most in four years, after a 1.5% decline in the previous period. On the expenditure side, strong fixed investment (4.6% vs 20% in Q4) more than offset decreases in household consumption (-0.1% vs 3.2%) and government spending (-0.8% vs 0.9%). At the same time, exports rose 3.7% (vs -1.1% in Q4) while imports surged 11.6% (vs 19.3% in Q4). Year-on-year, the GDP rose 1%, following a 1.1% decline in the previous quarter and more than an expected 0.8% increase.
2021-06-01

Brazil GDP Growth Rate
Brazil is the tenth largest economy in the world and the biggest in Latin America. The services sector is the most important and accounts for 63 percent to total GDP. The biggest segments within services are: government, defense, education and health (15 percent of total GDP); other services (15 percent); wholesale and retail trade (11 percent); real estate (8 percent); and financial services (7 percent). Also, industry contributes to 18 percent of GDP, with manufacturing (11 percent) and construction (4 percent) accounting for the largest share. The agriculture and livestock sector accounts for 5 percent of GDP. On the expenditure side, household consumption is the main component of GDP and accounts for 63 percent of its total use, followed by government expenditure (20 percent) and gross fixed capital formation (16 percent). Exports of goods and services account for 13 percent of GDP while imports account for 12 percent, adding 1 percent of total GDP.