The Brazilian economy advanced 0.4 percent on quarter in the three months to June 2019, after a downwardly revised 0.1 percent contraction in the prior period and above market expectations of a 0.2 percent expansion. Growth was mainly boosted by industrial and services activities while agricultural output declined. GDP Growth Rate in Brazil averaged 0.56 percent from 1996 until 2019, 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 0.90 percent in 2020, according to our econometric models.

Brazil GDP Growth Rate
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Calendar GMT Actual Previous Consensus TEForecast
2018-11-30 11:00 AM GDP Growth Rate QoQ Q3 0.8% 0.2% 0.8% 0.6%
2019-02-28 12:00 PM GDP Growth Rate QoQ Q4 0.1% 0.5% 0.2% 0.3%
2019-05-30 12:00 PM GDP Growth Rate QoQ Q1 -0.2% 0.1% -0.2% -0.3%
2019-08-29 12:00 PM GDP Growth Rate QoQ Q2 0.4% -0.1% 0.2% 0.2%
2019-12-03 12:00 PM GDP Growth Rate QoQ Q3 0.2%



Brazil Q2 GDP Growth Beats Forecasts

The Brazilian economy advanced 0.4 percent on quarter in the three months to June 2019, after a downwardly revised 0.1 percent contraction in the prior period and above market expectations of a 0.2 percent expansion. Growth was mainly boosted by industrial and services activities while agricultural output declined.

On the production side, the industrial sector grew 0.7 percent, rebounding from a 0.5 percent contraction in the first quarter of the year, mainly driven by manufacturing (2.0 percent vs -0.1 percent) and construction (1.9 percent vs -0.5 percent). Also, mining output fell 3.8 percent, slower than a 7.5 percent decrease in Q1 while utilities shrank 0.7 percent after expanding 1.4 percent in the prior quarter. 

The services sector advanced 0.3 percent, higher than a 0.2 percent growth, mostly boosted by trade (0.7 percent vs 0.1 percent), information & communication (0.5 percent vs 0.2 percent) and real estate activities  (0.7 percent vs 0.2 percent). Meantime,  public admininstration, health, social security & education contracted 0.6 percent, after a 0.3 percent increase in the first quarter; financial services continued to shrink (-0.1 percent, the same as Q1) while transportation fell at a softer 0.3 percent (vs -0.6 percent in Q1).

Agriculture contracted 0.4 percent, following a 1.6 percent expansion in the previous period.

On the expenditure side, household spending rose 0.3 percent, the same as in the prior quarter and gross fixed capital formation advanced 3.2 percent, rebounding from a 1.2 percent contraction in the first three months of 2019. On the other hand, government consumption shrank 1 percent, after a 0.5 percent increase. Exports went down 1.6 percent (vs -2.9 percent) while imports increased 1 percent (vs 0.9 percent in Q1).

On a yearly basis, the economy expanded 1.0 percent in the second quarter of 2019, following a 0.5 percent growth in the previous period and also beating market consensus of 0.7 percent. 


IBGE | Stefanie Moya | stefanie.moya@tradingeconomics.com
8/29/2019 1:15:59 PM


News

Brazilian Economy Contracts for 1st Time in Over 2 Years
The Brazilian economy shrank 0.2 percent on quarter in the first quarter of 2019, slowing from a 0.1 percent expansion in the previous period and in line with market. It was the first contraction since the last quarter of 2016, as household consumption rose at a softer pace and fixed investment continued to shrink while government spending rebounded.
Published on 2019-05-30

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.
Published on 2019-02-28

Brazil GDP Growth Highest in 1-1/2-Year
The Brazilian economy expanded 0.8 percent on quarter in the third quarter of 2018, above a 0.2 percent rise in the previous period and in line with market expectations. It is the highest growth rate since the first quarter of 2017, mainly due to a rebound in investment and government spending after a nationwide truck strike during May and June caused supply disruptions and weighed down on growth. So far this year, the Brazilian economy advanced 1.1 percent.
Published on 2018-11-30

Brazil Quarterly GDP Growth Picks Up to 0.2% in Q2
The Brazilian economy grew by 0.2 percent on quarter in the three months to June 2018, following a downwardly revised 0.1 percent advance in the previous period and slightly beating market expectations of 0.1 percent. The slight expansion was sharply impacted by nationwide truckers strikes in May and June, which led to the first fall in investment in more than a year and the biggest decline in exports since the last quarter of 2014.
Published on 2018-08-31



Brazil GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.40 -0.10 4.00 -3.90 percent [+]
GDP Annual Growth Rate 1.00 0.50 10.10 -5.50 percent [+]
GDP 1868.63 2053.60 2616.20 15.17 USD Billion [+]
GDP Constant Prices 296244.33 290915.92 314900.34 170920.00 BRL Million [+]
Gross National Product 1750128.10 1676582.03 1753529.01 271187.46 BRL Million [+]
Gross Fixed Capital Formation 282665.62 265611.69 291364.92 35403.16 BRL Million [+]
GDP per capita 11026.24 10990.19 11993.48 3417.35 USD [+]
GDP per capita PPP 14282.70 14236.00 15535.60 10093.00 USD [+]
GDP From Agriculture 22227.06 24062.49 24836.99 6923.17 BRL Million [+]
GDP From Construction 13830.93 13326.75 20193.49 10342.31 BRL Million [+]
GDP From Manufacturing 29822.31 27659.12 37408.43 21655.49 BRL Million [+]
GDP From Mining 2343.44 2378.27 2717.82 1096.77 BRL Million [+]
GDP From Public Administration 39921.49 39507.69 40138.00 26246.88 BRL Million [+]
GDP From Services 179131.38 175563.57 187985.48 100853.26 BRL Million [+]
GDP From Transport 8248.21 8104.45 9391.23 5031.39 BRL Million [+]
GDP From Utilities 6824.68 7018.03 7018.03 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 October of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
0.40 -0.10 4.00 -3.90 1996 - 2019 percent Quarterly




Country Last Previous
Indonesia 4.20 Jun/19
South Africa 3.10 Jun/19
United States 2.00 Jun/19
China 1.60 Jun/19
Turkey 1.20 Jun/19
India 1.00 Jun/19
South Korea 1.00 Jun/19
Canada 0.90 Jun/19
Singapore 0.60 Sep/19
Australia 0.50 Jun/19
Brazil 0.40 Jun/19
Netherlands 0.40 Jun/19
Spain 0.40 Jun/19
France 0.30 Jun/19
Japan 0.30 Jun/19
Switzerland 0.30 Jun/19
Euro Area 0.20 Jun/19
Russia 0.20 Jun/19
Italy 0.00 Jun/19
Mexico 0.00 Jun/19
Saudi Arabia 0.00 Mar/19
Germany -0.10 Jun/19
United Kingdom -0.20 Jun/19
Argentina -0.30 Jun/19


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