The Brazilian economy advanced 0.1 percent on quarter in the fourth quarter of 2018, slowing from a downwardly revised 0.5 percent expansion in the previous period and below market expectations of 0.2 percent. The slowdown was mainly due to a contraction in government spending and gross fixed capital formation. Considering full 2018, the economy grew 1.1 percent over the previous year. GDP Growth Rate in Brazil averaged 0.57 percent from 1996 until 2018, 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.

GDP Growth Rate in Brazil is expected to be 0.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Growth Rate in Brazil to stand at 0.80 in 12 months time. In the long-term, the Brazil GDP Growth Rate is projected to trend around 0.70 percent in 2020, according to our econometric models.

Brazil GDP Growth Rate
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Calendar GMT Actual Previous Consensus TEForecast
2018-05-30 12:00 PM GDP Growth Rate QoQ 0.4% 0.2% 0.4% 0.4%
2018-08-31 12:00 PM GDP Growth Rate QoQ 0.2% 0.1% 0.1% 0.1%
2018-11-30 11:00 AM GDP Growth Rate QoQ 0.8% 0.2% 0.8% 0.6%
2019-02-28 12:00 PM GDP Growth Rate QoQ 0.1% 0.5% 0.2% 0.3%
2019-05-30 12:00 PM GDP Growth Rate QoQ 0.1% 0.4%
2019-08-29 12:00 PM GDP Growth Rate QoQ 0.6%
2019-12-03 11:00 AM GDP Growth Rate QoQ 1%



Brazil Q4 GDP Growth Slows to 0.1% QoQ

The Brazilian economy advanced 0.1 percent on quarter in the fourth quarter of 2018, slowing from a downwardly revised 0.5 percent expansion in the previous period and below market expectations of 0.2 percent. The slowdown was mainly due to a decline in government spending and gross fixed capital formation.

On the expenditure side, government consumption shrank 0.3 percent (+0.3 percent in Q3) and gross fixed capital formation dropped the most sonce Q3 of 2016 (-2.5 percent compared to +5.5 percent). On the other hand, consumer spending increased 0.4 percent, easing from a 0.5 percent in the third quarter of 2018. Meantime, exports rose 3.6 percent (6.3 percent in Q3) while imports fell 6.6 percent (9.4 percent in Q3).

On the production side, the industrial sector contracted 0.3 percent, after expanding 0.3 percent in the previous quarter. Manufacturing was down 1 percent  (+0.6 percent in Q3) and slower growth was reported for construction (0.1 percent compared to 0.4 percent) and mining (1.9 percent compared to 0.8 percent). In contrast, utilities output rebounded 3.9 percent (-2 percent in Q3). 

The services sector advanced 0.2 percent, after a 0.3 percent rise in the prior period brought down by decline in internal trade (-0.1 percent compared to 1.0 percent); transportation (-0.3 percent compared to 1.8 percent) and financial services (-0.5 percent compared to a flat reading). Additionally, real estate activities went up less (0.7 percent compared to 1 percent). 

Finally, agriculture grew 0.2 percent, following a 0.8 percent gain in the prior period.

Year-on-year, the gross domestic product expanded 1.1 percent easing from a 1.3 percent growth in the previous period and missing market consensus of 1.3 percent. 

Considering full 2018, the economy grew 1.1 percent, the same as in 2017.



IBGE | Stefanie Moya | stefanie.moya@tradingeconomics.com
2/28/2019 1:01:45 PM



Brazil GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.10 0.50 4.00 -3.90 percent [+]
GDP Annual Growth Rate 1.10 1.30 10.10 -5.50 percent [+]
GDP 2055.51 1793.99 2616.20 15.17 USD Billion [+]
GDP Constant Prices 295810.87 299801.42 314900.34 170920.00 BRL Million [+]
Gross National Product 1753529.01 1683526.19 1753529.01 271187.46 BRL Million [+]
Gross Fixed Capital Formation 283392.07 289187.77 291364.92 35403.16 BRL Million [+]
GDP per capita 10888.98 10868.70 11915.40 3425.40 USD [+]
GDP per capita PPP 14103.45 14077.10 15432.90 10099.80 USD [+]
GDP From Agriculture 13121.30 18536.14 24836.99 6923.17 BRL Million [+]
GDP From Construction 14074.03 14111.61 20193.49 10342.31 BRL Million [+]
GDP From Manufacturing 29702.85 32190.11 37408.43 21655.49 BRL Million [+]
GDP From Mining 2717.82 2698.68 2717.82 1096.77 BRL Million [+]
GDP From Public Administration 39680.40 40058.08 40138.00 26246.88 BRL Million [+]
GDP From Services 182391.14 180834.92 187985.48 100853.26 BRL Million [+]
GDP From Transport 8581.49 8823.74 9391.23 5031.39 BRL Million [+]
GDP From Utilities 6801.07 6412.20 6801.07 3667.91 BRL Million [+]


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. 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 April of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
0.10 0.50 4.00 -3.90 1996 - 2018 percent Quarterly




Country Last Previous
United States 2.20 Dec/18
Singapore 2.00 Mar/19
India 1.60 Dec/18
Saudi Arabia 1.60 Sep/18
China 1.40 Mar/19
South Africa 1.40 Dec/18
Russia 0.80 Dec/18
Spain 0.60 Dec/18
Japan 0.50 Dec/18
Netherlands 0.50 Dec/18
France 0.30 Dec/18
Australia 0.20 Dec/18
Euro Area 0.20 Dec/18
Mexico 0.20 Dec/18
Switzerland 0.20 Dec/18
United Kingdom 0.20 Dec/18
Brazil 0.10 Dec/18
Canada 0.10 Dec/18
Germany 0.00 Dec/18
Italy -0.10 Dec/18
South Korea -0.30 Mar/19
Argentina -1.20 Dec/18
Indonesia -1.69 Dec/18
Turkey -2.40 Dec/18


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