The Brazilian economy advanced by 1.6% year-on-year in the fourth quarter of 2021, slowing from a 4% expansion in the previous three-month period and beating market expectations of a 1.1% rise. It was the fourth consecutive quarter of economic expansion, led by services (3.3%). Meanwhile, declines were seen in industry (-1.3%) and agriculture (-0.8%). On the expenditure side, fixed investment grew 3.4%, household consumption rose 2.1% and government spending went up 2.8%. Meanwhile, net trade contributed negatively to the GDP as exports (3.3%) rose less than imports (3.7%). On a quarterly basis, the GDP rose 0.5%, following two consecutive quarters of contraction and above market estimates of a 0.1% growth. Considering the full year of 2021, the GDP grew 4.6%, the most since 2010, recovering from a 3.9% pandemic-induced contraction. source: Instituto Brasileiro de Geografia e Estatística (IBGE)

GDP Annual Growth Rate in Brazil averaged 2.39 percent from 1991 until 2021, reaching an all time high of 12.30 percent in the second quarter of 2021 and a record low of -10.70 percent in the second quarter of 2020. This page provides - Brazil GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Brazil GDP Annual Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on May of 2022.

GDP Annual Growth Rate in Brazil is expected to be 0.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Brazil GDP Annual Growth Rate is projected to trend around 1.50 percent in 2023 and 2.00 percent in 2024, according to our econometric models.

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Brazil GDP Annual Growth Rate



Calendar GMT Actual Previous Consensus TEForecast
2021-12-02 12:00 PM Q3 4% 12.3% 4.2% 4.3%
2022-03-04 12:00 PM Q4 1.6% 4% 1.1% 1.4%
2022-06-02 12:00 PM Q1 1.6% 0.5%


Related Last Previous Unit Reference
GDP Growth Rate 0.50 -0.10 percent Dec 2021
GDP Annual Growth Rate 1.60 4.00 percent Dec 2021
GDP Constant Prices 305183.95 306899.40 BRL Million Dec 2021
Gross National Product 2187879.74 2153201.95 BRL Million Dec 2021
Gross Fixed Capital Formation 428661.34 430490.80 BRL Million Dec 2021
GDP From Utilities 6788.14 6693.24 BRL Million Dec 2021
GDP From Transport 9088.05 8822.59 BRL Million Dec 2021
GDP From Services 189963.16 186511.67 BRL Million Dec 2021
GDP From Public Administration 39006.91 38604.31 BRL Million Dec 2021
GDP From Mining 2515.47 2677.79 BRL Million Dec 2021
GDP From Manufacturing 29239.41 31514.53 BRL Million Dec 2021
GDP From Construction 14987.87 14970.41 BRL Million Dec 2021
GDP From Agriculture 13523.64 17963.07 BRL Million Dec 2021

Brazil GDP Annual 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.
Actual Previous Highest Lowest Dates Unit Frequency
1.60 4.00 12.30 -10.70 1991 - 2021 percent Quarterly

News Stream
Brazil Q4 GDP Annual Growth Above Forecasts
The Brazilian economy advanced by 1.6% year-on-year in the fourth quarter of 2021, slowing from a 4% expansion in the previous three-month period and beating market expectations of a 1.1% rise. It was the fourth consecutive quarter of economic expansion, led by services (3.3%). Meanwhile, declines were seen in industry (-1.3%) and agriculture (-0.8%). On the expenditure side, fixed investment grew 3.4%, household consumption rose 2.1% and government spending went up 2.8%. Meanwhile, net trade contributed negatively to the GDP as exports (3.3%) rose less than imports (3.7%). On a quarterly basis, the GDP rose 0.5%, following two consecutive quarters of contraction and above market estimates of a 0.1% growth. Considering the full year of 2021, the GDP grew 4.6%, the most since 2010, recovering from a 3.9% pandemic-induced contraction.
2022-03-04
Brazil GDP Annual Growth Slows in Q3
The Brazilian economy advanced by 4% year-on-year in the third quarter of 2021, slowing from a revised record 12.3% expansion in the previous three-month period and slightly below market expectations of a 4.2% rise. It was the third consecutive quarter of economic expansion.The services sector rose by 5.8% and industry grew 1.3%. Meanwhile, agricultural activity plunged 9%, amid lower production of coffee (-22.4%), cotton (-17.5%), corn (-160%), orange (-13.8%) and sugar cane (-7.6%). On the expenditure side, fixed investment grew 18.8%, household consumption rose 4.2% and government spending went up 3.5%. Meanwhile, net trade contributed negatively to the GDP as exports (4%) rose less than imports (20.6%). On a quarterly basis, the GDP shrank 0.1%, following an upwardly revised 0.4% decrease in the previous quarter and compared with market estimates of no growth.
2021-12-02
Brazil GDP Annual Growth at Record High
The Brazilian economy expanded 12.4 percent year-on-year in the second quarter of 2021, the most on record and compared with market expectations of a 12.8 percent growth, rebounding sharply from a steep fall caused by COVID-19 restrictions last year. The industry sector advanced by 17.8 percent, mainly boosted by manufacturing (25.8 percent), in particular by the production of automotive vehicles, other transport equipment, machinery and equipment, and metallurgy. In addition, services activities rose by 10.8 percent on the back of transport, storage and mail (25.3 percent) and trade (20.9 percent), while agriculture increased by 1.3 percent supported by some crop products such as soybeans and rice. On the expenditure side, fixed investment surged 32.9 percent and household consumption climbed 10.8 percent, while net trade contributed negatively to the GDP as exports rose less than imports.
2021-09-01