Brazil’s gross domestic product rose 1% on the quarter in the three months to March of 2022, extending the expansionary momentum from the upwardly revised 0.7% increase in the previous period but missing expectations of a 1.2% rise. Growth was driven by a 0.7% advance in household consumption, expanding at a constant rate from the previous period as pandemic related restrictions continued to relax. At the same time, government expenditure was 0.1% higher, easing from the 0.9% increase in the prior quarter. Net external demand contributed positively to the GDP change, as exports gained 5% while imports were 4.6% lower. On the other hand, gross fixed capital formation fell by 3.5%, the steepest decline since Q2 of 2021. On a yearly basis, the economy grew by 1.7%. source: Instituto Brasileiro de Geografia e Estatística (IBGE)

GDP Growth Rate in Brazil averaged 0.55 percent from 1996 until 2022, reaching an all time high of 7.80 percent in the third quarter of 2020 and a record low of -8.90 percent in the second quarter of 2020. This page provides - Brazil GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Brazil GDP Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on July of 2022.

GDP Growth Rate in Brazil is expected to be 0.10 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Brazil GDP Growth Rate is projected to trend around 0.80 percent in 2023 and 0.90 percent in 2024, according to our econometric models.

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Brazil GDP Growth Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-03-04 12:00 PM Q4 0.5% -0.1% 0.1% -0.2%
2022-06-02 12:00 PM Q1 1% 0.7% 1.2% 0.8%
2022-09-01 12:00 PM Q2 1% 0.1%


Related Last Previous Unit Reference
GDP Growth Rate 1.00 0.70 percent Mar 2022
GDP Annual Growth Rate 1.70 1.60 percent Mar 2022
GDP Constant Prices 303390.79 305183.95 BRL Million Mar 2022
Gross National Product 2187879.74 2153201.95 BRL Million Dec 2021
Gross Fixed Capital Formation 420043.62 428661.34 BRL Million Mar 2022
GDP From Utilities 14372.78 6788.14 BRL Million Mar 2022
GDP From Transport 8930.64 9088.05 BRL Million Mar 2022
GDP From Services 183211.72 189963.16 BRL Million Mar 2022
GDP From Public Administration 38706.27 39006.91 BRL Million Mar 2022
GDP From Mining 2202.74 2515.47 BRL Million Mar 2022
GDP From Manufacturing 27770.59 29239.41 BRL Million Mar 2022
GDP From Construction 7521.28 14987.87 BRL Million Mar 2022
GDP From Agriculture 25587.14 13523.64 BRL Million Mar 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
1.00 0.70 7.80 -8.90 1996 - 2022 percent Quarterly

News Stream
Brazil GDP Growth Rate Below Expectations
Brazil’s gross domestic product rose 1% on the quarter in the three months to March of 2022, extending the expansionary momentum from the upwardly revised 0.7% increase in the previous period but missing expectations of a 1.2% rise. Growth was driven by a 0.7% advance in household consumption, expanding at a constant rate from the previous period as pandemic related restrictions continued to relax. At the same time, government expenditure was 0.1% higher, easing from the 0.9% increase in the prior quarter. Net external demand contributed positively to the GDP change, as exports gained 5% while imports were 4.6% lower. On the other hand, gross fixed capital formation fell by 3.5%, the steepest decline since Q2 of 2021. On a yearly basis, the economy grew by 1.7%.
2022-06-02
Brazil Economy Exits Recession in Q4
Brazil’s gross domestic product rose 0.5% on quarter in the three months to December 2021, following two consecutive quarters of contraction, above market expectations of a 0.1% rise and officially exiting a mild recession. The agriculture (5.8%) and services (0.5%) sectors expanded, while industry shrank (-1.2%), dragged down by manufacturing (-2.5%), mining (-2.4%) and utilities (-0.2%). By contrast, construction rose 1.5%. On the expenditure side, household spending rose 0.7%, government spending went up 0.8% and fixed investment grew 0.4%. Meanwhile, net external demand contributed negatively, as exports slumped 2.4% whereas imports increased 0.5%. On a yearly basis, the economy grew by 1.6%, following a 4% expansion in the previous period. Considering the full year of 2021, the Brazilian economy advanced 4.6%, the most since 2010, recovering from a 3.9% pandemic-induced contraction.
2022-03-04
Brazil Economy Contracts Marginally in Q3
Brazil’s gross domestic product shrank 0.1% on quarter in the three months to September 2021, following an upwardly revised 0.4% contraction in the previous period, compared to market expectations of no growth and officially entering a recession. The agricultural sector slumped 8% amid an unusual drought that disrupted grain production and coffee crops, and as the soybean harvest season ended. Meanwhile, the industry showed no growth, as expansion in construction (3.9%) was offset by declines in utilities (-1.1%); manufacturing (-1%), and mining (-0.4%). At the same time, services grew 1.1%. On the expenditure side, fixed investment shrank 0.1% and net external demand contributed negatively, as exports and imports fell 9.8% and 8.3%, respectively. Meanwhile, household consumption and government spending grew 0.9% and 0.8% respectively. On a yearly basis, the economy grew by 4%, after a record 12.3% expansion in the previous period and slightly below market expectations of a 4.2% rise.
2021-12-02