The Brazilian economy advanced 1.3 percent year-on-year in the third quarter of 2018 after a downwardly revised 0.9 percent growth in the previous period but below forecasts of 1.6 percent. Still, it is the highest growth rate so far this year. GDP Annual Growth Rate in Brazil averaged 2.56 percent from 1991 until 2018, reaching an all time high of 10.10 percent in the first quarter of 1995 and a record low of -5.50 percent in the fourth quarter of 2015.

GDP Annual Growth Rate in Brazil is expected to be 1.10 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in Brazil to stand at 2.30 in 12 months time. In the long-term, the Brazil GDP Annual Growth Rate is projected to trend around 2.30 percent in 2020, according to our econometric models.

Brazil GDP Annual Growth Rate
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Calendar GMT Actual Previous Consensus TEForecast
2018-03-01 12:00 PM GDP Growth Rate YoY 2.1% 1.4% 2.5% 2.3%
2018-05-30 12:00 PM GDP Growth Rate YoY 1.2% 2.1% 1.3% 1.7%
2018-08-31 12:00 PM GDP Growth Rate YoY 1% 1.2% 1.1% 1.0%
2018-11-30 11:00 AM GDP Growth Rate YoY 1.3% 0.9% 1.6% 1.5%
2019-03-01 12:00 PM GDP Growth Rate YoY 1.3% 1.1%
2019-05-30 12:00 PM GDP Growth Rate YoY 2.30%
2019-08-30 12:00 PM GDP Growth Rate YoY 2.10%



Brazil GDP Annual Growth Rate Below Expectations at 1.3%



The Brazilian economy advanced 1.3 percent year-on-year in the third quarter of 2018 after a downwardly revised 0.9 percent growth in the previous period but below forecasts of 1.6 percent. Still, it is the highest growth rate so far this year.

On the expenditure side, household spending rose at a slower pace (1.4 percent compared to 1.8 percent in the previous period) while government spending rebounded (0.3 percent compared to -0.3 percent). Also, gross fixed capital formation rose the most since the second quarter of 2013 (7.8 percent compared to 3 percent); exports recovered (2.6 percent compared to -2.9 percent) and imports jumped 13.5 percent, the most since the second quarter of 2011 and after a 6.5 percent gain in the previous period. 

On the production side, the services sector rose 1.2 percent, slightly higher than 1.1 percent in the previous period, with transportation (2.9 percent compared to 1.1 percent); financial services (1.1 percent compared to 0.5 percent); real estate (3.2 percent compared to 3 percent) rising faster while internal trade (1.6 percent compared to 2 percent) slowed. The industrial sector advanced 0.8 percent, the same as in the previous quarter. The mining sector expanded at a faster pace (0.7 percent compared to 0.5 percent) while manufacturing (1.6 percent compared to 1.7 percent) and utilities (0.5 percent compared to 3.1 percent) rose much less and construction continued to contract (-1 percent compared to -2.7 percent). The agriculture sector went up 2.5 percent after a 0.3 percent rise in Q2.

On a quarterly basis, the GDP grew 0.8 percent, higher than 0.2 percent in the previous period and matching market expectations. It marks the highest growth since the first quarter of 2017.


IBGE | Joana Taborda | joana.taborda@tradingeconomics.com
11/30/2018 2:07:12 PM



Brazil GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.80 0.20 3.90 -3.90 percent [+]
GDP Annual Growth Rate 1.30 0.90 10.10 -5.50 percent [+]
GDP 2055.51 1793.99 2616.20 15.17 USD Billion [+]
GDP Constant Prices 299801.42 293289.24 314900.34 170920.00 BRL Million [+]
Gross National Product 1683526.19 1665752.09 1683526.19 271187.46 BRL Million [+]
Gross Fixed Capital Formation 289187.77 258205.54 291364.92 35403.16 BRL Million [+]
GDP per capita 10888.98 10868.70 11915.40 3425.40 USD [+]
GDP per capita PPP 14103.45 14077.10 15432.90 10099.80 USD [+]
GDP From Agriculture 18536.14 22148.88 24836.99 6923.17 BRL Million [+]
GDP From Construction 14111.61 13562.76 20193.49 10342.31 BRL Million [+]
GDP From Manufacturing 32190.11 29363.41 37408.43 21655.49 BRL Million [+]
GDP From Mining 2698.68 2586.42 2698.68 1096.77 BRL Million [+]
GDP From Public Administration 40058.08 39961.99 40138.00 26246.88 BRL Million [+]
GDP From Services 180834.92 177019.90 187985.48 100853.26 BRL Million [+]
GDP From Transport 8823.74 8227.38 9391.23 5031.39 BRL Million [+]
GDP From Utilities 6412.20 6665.81 6701.75 3667.91 BRL Million [+]


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. 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 December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
1.30 0.90 10.10 -5.50 1991 - 2018 percent Quarterly




Country Last Previous
India 7.10 Sep/18
China 6.50 Sep/18
Indonesia 5.17 Sep/18
United States 3.00 Sep/18
Australia 2.80 Sep/18
Mexico 2.50 Sep/18
Spain 2.50 Sep/18
Netherlands 2.40 Sep/18
Switzerland 2.40 Sep/18
Singapore 2.20 Sep/18
South Korea 2.00 Sep/18
Canada 1.90 Jun/18
Saudi Arabia 1.61 Jun/18
Euro Area 1.60 Sep/18
Turkey 1.60 Sep/18
Russia 1.50 Sep/18
United Kingdom 1.50 Sep/18
France 1.40 Sep/18
Brazil 1.30 Sep/18
Germany 1.10 Sep/18
South Africa 1.10 Sep/18
Italy 0.70 Sep/18
Japan 0.00 Sep/18
Argentina -4.20 Jun/18


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