Brazil GDP Annual Growth Rate  1991-2017 | Data | Chart | Calendar

The Brazilian economy contracted 0.4 percent year-on-year in the first three months of 2017, following a 2.5 percent drop in the previous period and better than market expectations of a 0.5 percent fall. It is the 12th straight quarter of contraction but at the slowest pace in 2 years as the drag from consumer spending and investment was smaller. GDP Annual Growth Rate in Brazil averaged 2.60 percent from 1991 until 2017, reaching an all time high of 10.10 percent in the first quarter of 1995 and a record low of -5.80 percent in the fourth quarter of 2015.

Brazil GDP Annual Growth Rate
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Calendar GMT Actual Previous Consensus Forecast (i)
2016-11-30 11:00 AM Q3 -2.9% -3.6% -3.2% -3.3%
2017-03-07 12:00 PM Q4 -2.5% -2.9% -2.3% -2.1%
2017-06-01 12:00 PM Q1 -0.4% -2.5% -0.5% -0.7%
2017-09-01 12:00 PM Q2 -0.4% -0.1%
2017-12-01 11:00 AM Q3 0.2%
2018-03-01 11:00 AM Q4 0.5%




Brazil GDP Shrinks The Least In 2 Years In Q1


The Brazilian economy contracted 0.4 percent year-on-year in the first three months of 2017, following a 2.5 percent drop in the previous period and better than market expectations of a 0.5 percent fall. It is the 12th straight quarter of contraction but at the slowest pace in 2 years as the drag from consumer spending and investment was smaller.

Consumer spending (-1.9 percent from -2.9 percent in Q4) and gross fixed capital formation (-3.7 percent from -5.4 percent) fell less. In contrast, public expenditure went down at a faster 1.3 percent (-0.1 percent in Q4) as the government of Michel Temer reduced fiscal spending. Exports went up 1.9 percent, following a 7.6 percent slump in Q1 as sales rose for oil, iron ore and soybeans. After declining for two years, imports jumped 9.8 percent, the most since the third quarter of 2013.

On a quarterly basis, the economy advanced 1 percent following a downwardly revised 0.5 percent drop in the previous period and in line with market expectations. It is the first expansion in 2 years, boosted by a jump in exports and a smaller drag from consumer spending.

Joana Taborda | joana.taborda@tradingeconomics.com
6/1/2017 2:17:12 PM


Recent Releases

Brazil Economy Contracts 2.5% YoY In Q4
The Brazilian economy shrank 2.5 percent year-on-year in the fourth quarter of 2016, following a a 2.9 percent fall in the previous period and worse than market expectations of a 2.3 percent drop. It was the eleventh straight quarter of contraction, mainly due to sharp declines in both household consumption and fixed investment.
Published on 2017-03-07

Brazil GDP Shrinks 2.9% YoY in Q3
The Brazilian economy contracted 2.9 percent year-on-year in the third quarter of 2016, following a downwardly revised 3.6 percent decrease in the previous period and better than market expectations of a 3.2 percent drop. It is the 10th straight quarter of contraction, hurt by internal demand and a slowdown in exports.
Published on 2016-11-30

Brazil GDP Shrinks 3.8% YoY in Q2
The Brazilian economy contracted 3.8 percent year-on-year in the second quarter of 2016, following a 5.4 percent decline in the previous period and slightly worse than market expectations of a 3.7 percent drop. It is the 9th straight quarter of contraction, hurt by internal demand.
Published on 2016-08-31

Brazil GDP Falls for 8th Straight Quarter
Brazil's gross domestic product declined 5.4 percent year-on-year in the first quarter of 2016, slowing from a 5.9 percent fall in the previous period and beating market expectations of 6 percent drop. It was the eight consecutive quarter of contraction, as investment and consumption continued to fall while net external demand contributed positively.
Published on 2016-06-01



Brazil GDP Last Previous Highest Lowest Unit
GDP Growth Rate 1.00 -0.50 4.00 -3.90 percent [+]
GDP Annual Growth Rate -0.40 -2.50 10.10 -5.80 percent [+]
GDP 1803.65 2456.00 2616.20 15.17 USD Billion [+]
GDP Constant Prices 283460.35 285112.89 314900.94 170920.00 BRL Million [+]
Gross National Product 1560168.58 1589356.15 1589356.15 264509.18 BRL Million [+]
Gross Fixed Capital Formation 248569.48 254786.37 291362.48 35403.16 BRL Million [+]
GDP per capita 11211.89 11751.10 11796.27 3411.48 USD [+]
GDP per capita PPP 14532.98 15231.91 15290.46 10046.60 USD [+]
GDP From Agriculture 23855.60 12045.26 23855.60 6923.17 BRL Million [+]
GDP From Construction 15825.31 16175.80 20192.92 10342.31 BRL Million [+]
GDP From Manufacturing 26298.50 27844.17 37408.43 21655.49 [+]
GDP From Mining 2438.91 2540.72 2586.44 1096.77 BRL Million [+]
GDP From Public Administration 38657.59 39273.35 39898.23 26246.88 BRL Million [+]
GDP From Services 169630.32 175996.33 188042.35 100853.26 BRL Million [+]
GDP From Transport 7574.90 7719.30 9389.86 5031.39 BRL Million [+]
GDP From Utilities 6445.94 6342.14 6445.94 3667.91 BRL Million [+]


Brazil GDP Annual Growth Rate Notes

Brazil is the eighth largest economy in the world and the largest in Latin America. The Services sector is the most important and accounts for more than 70 percent to total GDP. The biggest segments within Services are: government, education and health (18 percent of total GDP); other services (16 percent); wholesale and retail trade (13 percent); real estate (8 percent) and business and financial services (7 percent). Industry constitutes 25 percent of the GDP and the largest segments within this sector are: manufacturing (13 percent of total GDP); construction (5 percent) and mining (4 percent). The Agriculture and Livestock sector accounts for the remaining 6 percent of GDP. This page provides - Brazil GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Brazil GDP Annual Growth Rate - actual data, historical chart and calendar of releases - was last updated on June of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
-0.40 -2.50 10.10 -5.80 1991 - 2017 percent Quarterly



gdp annual growth rate by Country

Last
China 6.90 Mar/17
India 6.10 Mar/17
Indonesia 5.01 Mar/17
Turkey 5.00 Mar/17
Netherlands 3.20 Mar/17
Spain 3.00 Mar/17
South Korea 2.90 Mar/17
Mexico 2.80 Mar/17
Canada 2.30 Mar/17
United Kingdom 2.00 Mar/17
United States 2.00 Mar/17
Euro Area 1.90 Mar/17
Australia 1.70 Mar/17
Germany 1.70 Mar/17
Japan 1.30 Mar/17
Italy 1.20 Mar/17
France 1.10 Mar/17
Switzerland 1.10 Mar/17
Russia 0.50 Mar/17
Brazil -0.40 Mar/17