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. 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
2018-08-31 12:00 PM GDP Growth Rate QoQ Q2 0.2% 0.1% 0.1% 0.1%
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 -0.2% 0%
2019-12-03 11:00 AM GDP Growth Rate QoQ Q3 0.4%



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.

On the expenditure side, household spending increased 0.3 percent, easing from a 0.5 percent expansion in the last quarter of 2018 and gross fixed capital formation continued to decline 1.7 percent (vs -2.4 percent in Q4). Meanwhile, government consumption rose 0.4 percent, rebounding from a 0.3 percent decrease in the prior period. Exports went down -1.9 percent (vs 3.7 percent in Q4) while imports advanced 0.5 percent (vs -6.1 percent in Q4).

On the production side, the industrial sector contracted 0.7 percent, following a 0.3 percent decline in the previous quarter, namely mining (-6.3 percent vs 2 percent in Q4), construction (-2 percent vs -0.1 percent), and utilities (1.4 percent vs 3.7 percent). Meantime, manufacturing was down 0.5 percent, after shrinking 0.9 percent. 

The services sector advanced 0.2 percent, the same as in the fourth quarter of 2018, of which financial services (0.4 percent vs -0.4 percent); internal trade (-0.1 percent vs -0.2 percent); real estate activities  (0.2 percent vs 0.6 percent); information & communication (0.3 percent vs 2 percent) and transportation (-0.6 percent vs -0.3 percent).

Finally, agriculture contracted 0.5 percent, after showing no growth in the prior quarter.

Year-on-year, the gross domestic product advanced 0.5 percent, easing from 1.1 percent in the previous three-month period and matching market expectations. It was the weakest growth rate since the first quarter of 2017.


IBGE | Stefanie Moya | stefanie.moya@tradingeconomics.com
5/30/2019 12:23:30 PM


News

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 Growth at 0.4% in Q1, Matches Forecasts
The Brazilian economy advanced 0.4 percent on quarter in the first three months of 2018, following an upwardly revised 0.2 percent expansion in the previous quarter and in line with market expectations. It marks the fifth straight quarter of growth after a 2-year recession in 2016 and 2015. Household spending rose slightly faster while investment slowed and public expenditure shrank.
Published on 2018-05-30



Brazil GDP Last Previous Highest Lowest Unit
GDP Growth Rate -0.20 0.10 4.00 -4.00 percent [+]
GDP Annual Growth Rate 0.50 1.10 10.10 -5.50 percent [+]
GDP 1868.63 2053.60 2616.20 15.17 USD Billion [+]
GDP Constant Prices 290915.92 295810.87 314900.34 170920.00 BRL Million [+]
Gross National Product 1676582.03 1753529.01 1753529.01 271187.46 BRL Million [+]
Gross Fixed Capital Formation 265611.69 283392.07 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 24062.49 13121.30 24836.99 6923.17 BRL Million [+]
GDP From Construction 13326.75 14074.03 20193.49 10342.31 BRL Million [+]
GDP From Manufacturing 27659.12 29702.85 37408.43 21655.49 BRL Million [+]
GDP From Mining 2378.27 2717.82 2717.82 1096.77 BRL Million [+]
GDP From Public Administration 39507.69 39680.40 40138.00 26246.88 BRL Million [+]
GDP From Services 175563.57 182391.14 187985.48 100853.26 BRL Million [+]
GDP From Transport 8104.45 8581.49 9391.23 5031.39 BRL Million [+]
GDP From Utilities 7018.03 6801.07 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 July of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-0.20 0.10 4.00 -4.00 1996 - 2019 percent Quarterly




Country Last Previous
United States 3.10 Mar/19
China 1.60 Jun/19
India 1.60 Dec/18
Turkey 1.30 Mar/19
Saudi Arabia 1.07 Dec/18
Spain 0.70 Mar/19
Japan 0.60 Mar/19
Switzerland 0.60 Mar/19
Netherlands 0.50 Mar/19
United Kingdom 0.50 Mar/19
Australia 0.40 Mar/19
Euro Area 0.40 Mar/19
Germany 0.40 Mar/19
France 0.30 Mar/19
Canada 0.10 Mar/19
Italy 0.10 Mar/19
Argentina -0.20 Mar/19
Brazil -0.20 Mar/19
Mexico -0.20 Mar/19
Russia -0.40 Mar/19
South Korea -0.40 Mar/19
Indonesia -0.52 Mar/19
South Africa -3.20 Mar/19
Singapore -3.40 Jun/19


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