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 1.00 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.