The Brazilian economy expanded by 3.2 percent on quarter in the fourth quarter of 2020, following a record 7.7 percent expansion in the previous period and beating market expectations of a 2.8 percent growth. The services sector rose 2.7 percent, led by other services activities (6.8 percent); transport & storage (6.2 percent); information & communication (3.8 percent), trade (2.7 percent), public administration (1.8 percent) and real estate activities (0.8 percent). Meantime, industry expanded 1.9 percent, driven by manufacturing (4.9 percent). In contrast, agriculture shrank 0.5 percent. Year-on-year, the GDP shrank 1.1 percent, after a 3.9 percent decline in the previous quarter and less than an expected 1.6 percent fall. source: Instituto Brasileiro de Geografia e Estatística (IBGE)
GDP Growth Rate in Brazil averaged 0.55 percent from 1996 until 2020, reaching an all time high of 7.70 percent in the third quarter of 2020 and a record low of -9.60 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 May of 2021.
GDP Growth Rate in Brazil is expected to be 0.50 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 0.50 in 12 months time. In the long-term, the Brazil GDP Growth Rate is projected to trend around 0.80 percent in 2022 and 0.90 percent in 2023, according to our econometric models.