Brazil GDP Annual Growth Rate  1991-2018 | Data | Chart | Calendar

The Brazilian economy grew by 2.1 percent year-on-year in the fourth quarter of 2017 following an expansion of 1.4 percent in the previous three-month period, but missing market expectations of 2.5 percent. Growth was driven by household consumption, fixed investment and exports, while government spending continued to contract. Considering 2017 as a whole, the GDP rose by 1 percent, following two consecutive years of contraction. GDP Annual Growth Rate in Brazil averaged 2.58 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 -5.60 percent in the fourth quarter of 2015.

Brazil GDP Annual Growth Rate
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Brazil Economy Grows 2.1% in Q4


The Brazilian economy grew by 2.1 percent year-on-year in the fourth quarter of 2017 following an expansion of 1.4 percent in the previous three-month period, but missing market expectations of 2.5 percent.

From the expenditure side, household expenditure grew by 2.6 percent (vs 2.2 percent in Q3) and fixed investment advanced by 3.8 percent (vs -0.5 percent in Q3). Also, net external demand contributed positively to GDP growth, as exports jumped by 9.1 percent (vs 7.6 percent in Q3) and imports increased at a slower 8.1 percent percent (vs 5.7 percent in Q3). On the other hand, government spending continued to contract (-0.4 percent vs -0.6 percent in Q3).

From the production side, the service industries grew by 1.7 percent following a 1 percent gain in Q3, as output rose for: trade (4.4 percent vs 3.8 percent in Q3); transport and storage (4.4 percent vs 1.9 percent); information and communication (1.5 percent vs -3 percent); financial, insurance and related services (0.3 percent vs no growth in Q3); real estate activities (2.1 percent, the same as in Q3); and public health, education and social security (0.3 percent vs -0.8 percent). Also, industrial output increased by 2.7 percent (vs 0.4 percent in Q3), as manufacturing output expanded 6 percent (vs 2.4 percent in Q3). Meanwhile, a contraction was seen in construction (-1.6 percent vs -4.7 percent) and mining (-0.1 percent vs 2.4 percent) while utilities output showed no growth. Agriculture advanced 6.1 percent after a 9.1 percent jump in Q3.

Considering 2017 as a whole, the GDP rose by 1 percent, following two consecutive years of contraction. It was the strongest growth rate since 2013. Household spending went up 1 percent (-4.3 percent in 2016), the first increase since 2014; exports rose 5.2 percent (1.9 percent in 2016), the most since 2015, mainly boosted by products of agriculture, oil and gas, automotive industry and machinery and equipment; imports grew 5 percent (-10.2 percent in 2016), the first increase in 4 years amid purchases of petroleum refining, electronic materials and communication and clothing. On the other hand, gross fixed capital formation slumped for the fourth year (-1.8 percent compared to -10.3 percent in 2016), dragged down by a 5.6 percent decline in construction that offset a 3 percent gain in machinery and equipment. Public expenditure declined for the third consecutive year (-0.6 percent compared to -0.1 percent in 2016).


IBGE | Joana Ferreira | joana.ferreira@tradingeconomics.com
3/1/2018 1:27:27 PM


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Calendar GMT Actual Previous Consensus TEForecast
2017-09-01 12:00 PM GDP Growth Rate YoY 0.3% -0.4% 0% -0.1%
2017-12-01 11:00 AM GDP Growth Rate YoY 1.4% 0.4% 1.3% 1.1%
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 2.1% 2.3%
2018-08-31 12:00 PM GDP Growth Rate YoY 2.5%
2018-11-30 11:00 AM GDP Growth Rate YoY 2.4%


Brazil GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.10 0.20 3.60 -4.10 percent [+]
GDP Annual Growth Rate 2.10 1.40 10.10 -5.60 percent [+]
GDP 1796.19 1803.65 2616.20 15.17 USD Billion [+]
GDP Constant Prices 291838.95 295644.96 314900.81 170920.00 BRL Million [+]
Gross National Product 1670120.83 1609208.89 1670120.83 271187.46 BRL Million [+]
Gross Fixed Capital Formation 268026.06 263924.50 291365.72 35403.16 BRL Million [+]
GDP per capita 10826.30 11322.10 11912.10 3425.00 USD [+]
GDP per capita PPP 14023.70 14666.00 15430.30 10099.60 USD [+]
GDP From Agriculture 13159.91 18334.73 24981.62 6923.17 BRL Million [+]
GDP From Construction 15334.12 15514.00 20193.88 10342.31 BRL Million [+]
GDP From Manufacturing 29938.38 31490.74 37408.43 21655.49 BRL Million [+]
GDP From Mining 2569.13 2644.23 2644.23 1096.77 BRL Million [+]
GDP From Public Administration 39712.57 39977.20 40315.59 26246.88 BRL Million [+]
GDP From Services 179153.55 177647.94 188034.18 100853.26 BRL Million [+]
GDP From Transport 8343.01 8427.19 9391.41 5031.39 BRL Million [+]
GDP From Utilities 6540.83 6435.41 6665.67 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. 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 May of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
2.10 1.40 10.10 -5.60 1991 - 2017 percent Quarterly




GDP annual growth rate by Country
Country Last
Turkey 7.30 Dec/17
India 7.20 Dec/17
China 6.80 Mar/18
Indonesia 5.06 Mar/18
Canada 2.90 Dec/17
Spain 2.90 Mar/18
United States 2.90 Mar/18
Netherlands 2.80 Mar/18
South Korea 2.80 Mar/18
Euro Area 2.50 Mar/18
Australia 2.40 Dec/17
Germany 2.30 Mar/18
Brazil 2.10 Dec/17
France 2.10 Mar/18
Switzerland 1.90 Dec/17
Italy 1.40 Mar/18
Mexico 1.30 Mar/18
Russia 1.30 Mar/18
United Kingdom 1.20 Mar/18
Japan 0.90 Mar/18


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