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.