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

The Brazilian economy advanced 0.2 percent on quarter in the second quarter of 2017, following a 1 percent growth in the previous period and beating market expectations of a 0.1 percent expansion. Household spending increased for the first time in 2-1/2-years while government spending declined more and investment continued to fall. Year-on-year, the economy advanced 0.3 percent, following a 0.4 percent contraction in the previous period and marking the first annual growth rate since the first quarter of 2014. 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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Brazil GDP Growth Beats Expectations in Q2


The Brazilian economy advanced 0.2 percent on quarter in the second quarter of 2017, following a 1 percent growth in the previous period and beating market expectations of a 0.1 percent expansion. Household spending increased for the first time in 2-1/2-years while government spending declined more and investment continued to fall.

Household spending jumped 1.4 percent, the first gain since the last quarter of 2014 and the biggest since the first three months of 2014 amid a slowdown in inflation, lower interest rates and higher real wages. On the other hand, public spending fell 0.9 percent, following a 0.7 percent decline in the previous period and marking the fourth straight quarter of declines. Gross fixed capital formation went down 0.7 percent, following a 0.9 percent drop in the previous period and also the fourth straight decline. Exports rose a meager 0.5 percent, following a 5.2 percent jump in the previous period. Imports contracted 3.5 percent, following a 0.6 percent gain. 

On the production side, services drove the expansion (0.6 percent compared to 0.2 percent in Q1), namely internal trade (1.9 percent compared to -0.2 percent), real estate (0.8 percent compared to 0.2 percent) and transport (0.6 percent compared to 3.1 percent). On the other hand, agriculture stalled (+11.5 percent in Q1) and the industrial sector came back to contraction (-0.5 percent compared to 0.7 percent in Q1). Construction slumped 2 percent (-0.5 percent in Q1) and utilities declined 1.3 percent (+3.1 percent in Q1). In addition, manufacturing rose a meager 0.1 percent (1.1 percent in Q1) and mining growth slowed to 0.4 percent (1.8 percent).

Year-on-year, the economy advanced 0.3 percent, first expansion since the first quarter of 2014, following a 0.4 percent contraction in the previous period.


IBGE | Joana Taborda | joana.taborda@tradingeconomics.com
9/6/2017 3:05:29 PM



Calendar GMT Actual Previous Consensus TEForecast
2017-03-07 12:00 PM GDP Growth Rate QoQ -0.9% -0.7% -0.6% -0.2%
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 0.2% 0.2%
2018-03-01 11:00 AM GDP Growth Rate QoQ 0.3%


Brazil GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.20 1.00 4.00 -3.90 percent [+]
GDP Annual Growth Rate 0.30 -0.40 10.10 -5.80 percent [+]
GDP 1796.19 1803.65 2616.20 15.17 USD Billion [+]
GDP Constant Prices 288139.83 283460.35 314900.94 170920.00 BRL Million [+]
Gross National Product 1616034.08 1560168.58 1616034.08 264509.18 BRL Million [+]
Gross Fixed Capital Formation 253869.44 248569.48 291362.48 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 22012.33 23855.60 23855.60 6923.17 BRL Million [+]
GDP From Construction 15458.89 15825.31 20192.92 10342.31 BRL Million [+]
GDP From Manufacturing 28065.11 26298.50 37408.43 21655.49 [+]
GDP From Mining 2514.54 2438.91 2586.44 1096.77 BRL Million [+]
GDP From Public Administration 39294.72 38657.59 39898.23 26246.88 BRL Million [+]
GDP From Services 173377.31 169630.32 188042.35 100853.26 BRL Million [+]
GDP From Transport 7809.32 7574.90 9389.86 5031.39 BRL Million [+]
GDP From Utilities 6303.01 6445.94 6445.94 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 November of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
0.20 1.00 4.00 -3.90 1996 - 2017 percent Quarterly




GDP growth rate by Country
Country Last
Indonesia 3.18 Sep/17
United States 3.00 Sep/17
Turkey 2.10 Jun/17
China 1.70 Sep/17
India 1.40 Jun/17
South Korea 1.40 Sep/17
Canada 1.10 Jun/17
Russia 1.08 Jun/17
Australia 0.80 Jun/17
Germany 0.80 Sep/17
Spain 0.80 Sep/17
Euro Area 0.60 Sep/17
France 0.50 Sep/17
Italy 0.50 Sep/17
Netherlands 0.40 Sep/17
United Kingdom 0.40 Sep/17
Japan 0.30 Sep/17
Switzerland 0.30 Jun/17
Brazil 0.20 Jun/17
Mexico -0.20 Sep/17