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. GDP Growth Rate in Brazil averaged 0.59 percent from 1996 until 2018, reaching an all time high of 3.90 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 0.70 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
2018-03-01 12:00 PM GDP Growth Rate QoQ 0.1% 0.2% 0.4% 0.3%
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%
2019-03-01 12:00 PM GDP Growth Rate QoQ 0.8% 0.20%
2019-05-30 12:00 PM GDP Growth Rate QoQ 0.10%
2019-08-30 12:00 PM GDP Growth Rate QoQ 0.10%



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.

Consumer spending rose 0.6 percent after edging up 0.1 percent in the previous period. All other expenditure components rebounded: government consumption (0.3 percent compared to -0.4 percent); gross fixed capital formation (6.6 percent compared to -1.3 percent, the biggest rise since the fourth quarter of 2009); exports (6.7 percent compared to -5.1 percent, the biggest gain since the fourth quarter of 2013); and imports (10.2 percent compared to -1.2 percent, the highest increase since the second quarter of 2016).

On the production side, the services sector rose 0.5 percent after 0.3 percent in the previous quarter. Internal trade (1.1 percent compared to -0.5 percent) and transportation (2.6 percent compared to -1.6 percent) rebounded while real state activities rose less (1 percent compared to 1.3 percent) and financial services growth was flat at 0.4 percent. The industrial sector advanced 0.4 percent after falling 0.3 percent in each of the previous two quarters. Manufacturing (0.8 percent compared to -0.7 percent) and construction (0.7 percent compared to -0.4 percent) rebounded and mining increased more (0.7 percent compared to 0.5 percent) while utilities shrank faster (-1.1 percent compared to -0.6 percent). Finally, agriculture went up 0.7 percent, after a 0.5 percent gain in the previous period.

Year-on-year, the economy expanded 1.3 percent after a downwardly revised 0.9 percent growth in the previous quarter but below forecasts of 1.6 percent. Still, it is the highest growth rate so far this year. 


IBGE | Joana Taborda | joana.taborda@tradingeconomics.com
11/30/2018 2:06:27 PM



Brazil GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.80 0.20 3.90 -3.90 percent [+]
GDP Annual Growth Rate 1.30 0.90 10.10 -5.50 percent [+]
GDP 2055.51 1793.99 2616.20 15.17 USD Billion [+]
GDP Constant Prices 299801.42 293289.24 314900.34 170920.00 BRL Million [+]
Gross National Product 1683526.19 1665752.09 1683526.19 271187.46 BRL Million [+]
Gross Fixed Capital Formation 289187.77 258205.54 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 18536.14 22148.88 24836.99 6923.17 BRL Million [+]
GDP From Construction 14111.61 13562.76 20193.49 10342.31 BRL Million [+]
GDP From Manufacturing 32190.11 29363.41 37408.43 21655.49 BRL Million [+]
GDP From Mining 2698.68 2586.42 2698.68 1096.77 BRL Million [+]
GDP From Public Administration 40058.08 39961.99 40138.00 26246.88 BRL Million [+]
GDP From Services 180834.92 177019.90 187985.48 100853.26 BRL Million [+]
GDP From Transport 8823.74 8227.38 9391.23 5031.39 BRL Million [+]
GDP From Utilities 6412.20 6665.81 6701.75 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 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 December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
0.80 0.20 3.90 -3.90 1996 - 2018 percent Quarterly




Country Last Previous
United States 3.50 Sep/18
Indonesia 3.09 Sep/18
Singapore 3.00 Sep/18
South Africa 2.20 Sep/18
India 1.90 Jun/18
China 1.60 Sep/18
Russia 0.90 Jun/18
Brazil 0.80 Sep/18
Mexico 0.80 Sep/18
South Korea 0.60 Sep/18
Spain 0.60 Sep/18
United Kingdom 0.60 Sep/18
Canada 0.50 Sep/18
France 0.40 Sep/18
Australia 0.30 Sep/18
Euro Area 0.20 Sep/18
Netherlands 0.20 Sep/18
Saudi Arabia -0.05 Mar/18
Italy -0.10 Sep/18
Germany -0.20 Sep/18
Switzerland -0.20 Sep/18
Japan -0.60 Sep/18
Turkey -1.10 Sep/18
Argentina -4.00 Jun/18


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