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. source: Instituto Brasileiro de Geografia e Estatística (IBGE)

GDP Annual Growth Rate in Brazil averaged 2.38 percent from 1991 until 2021, reaching an all time high of 12.40 percent in the second quarter of 2021 and a record low of -10.90 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 October of 2021.

GDP Annual Growth Rate in Brazil is expected to be 5.50 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 1.90 percent in 2022 and 2.10 percent in 2023, according to our econometric models.

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Brazil GDP Annual Growth Rate


Calendar GMT Actual Previous Consensus TEForecast
2020-12-03 12:00 PM Q3 -3.9% -10.9% -3.5% -3.6%
2021-03-03 12:00 PM Q4 -1.1% -3.9% -1.6% -2%
2021-06-01 12:00 PM Q1 1% -1.1% 0.8% 0.5%
2021-09-01 12:00 PM Q2 12.4% 1% 12.8% 13%
2021-12-02 12:00 PM Q3 12.4% 5.5%
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News Stream
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
Brazil Economy Returns to Pre-Pandemic Levels
The Brazilian economy expanded 1% year-on-year in the first quarter of 2021, after a 1.1% contraction in the previous period and beating market estimates of a 0.8% growth. It was the first expansion since the fourth quarter of 2019, driven by industry (3% vs 1.2% in Q4), namely manufacturing (5.6% vs 5%). Also, agricultural activity rebounded sharply (5.2% vs -0.4%). Meanwhile, the services sector shrank less (-0.8% vs -2.2%), helped by trade (3.5%); transport, post & storage (1.3%); information & communication (5.5%), finance & insurance (5.1%) and real estate (3.9%). On the expenditure side, growth was mainly boosted by strong fixed investment (17%) and exports (0.8%). On a quarterly basis, the economy expanded 1.2%, slowing from a 3.2% rise in the fourth quarter and above market consensus of a 1% growth.
2021-06-01
Brazil Economy Contracts Less in Q4
The Brazilian economy shrank 1.1 percent year-on-year in the fourth quarter of 2020, after a 3.9 percent contraction in the previous period and less than an expected 1.6 percent fall. On a quarterly basis, the economy expanded 3.2 percent, following a record 7.7 percent advance in the previous period and above market consensus of a 2.8 percent growth. Both household spending (-3 percent vs -6 percent in Q3) and government spending (-4.1 percent vs -5.3 percent) decreased at a softer pace. In addition, fixed investment rebounded sharply (13.5 percent vs -7.8 percent). Meanwhile, exports fell 4.3 percent (vs -1.1 percent in Q3) and imports decreased 3.1 percent (vs -25 percent). In 2020, the economy plunged 4.1 percent, the steepest annual decline since available records began in 1996, but less than the latest government's official estimate of a 4.3 percent fall.
2021-03-03
Brazil Economy Extends Contraction for 3rd Quarter
The Brazilian economy shrank 3.9 percent year-on-year in the third quarter of 2020, following a downwardly revised 10.9 percent drop in the previous period and extending the decline for a 3rd straight quarter due to the coronavirus crisis. In Q2, exports went back to contraction (-1.1 percent vs 0.7 percent) and imports shrank at a faster pace (-25 percent vs -14.6 percent). On the other hand, slower decreases were seen for household spending (-6 percent vs -12.2 percent), government spending (-5.3 percent vs -8.5 percent) and investment (-7.8 percent vs -13.9 percent). On a quarterly basis, the economy expanded at a record 7.7 percent, following a record 9.6 percent drop in the previous period. Considering the first three quarters of the year, the GDP is 5 percent lower than in the same period of 2019.
2020-12-03

Brazil Last Unit Reference Previous Highest Lowest
GDP Growth Rate -0.10 percent Jun/21 1.20 7.70 -9.00
GDP Annual Growth Rate 12.40 percent Jun/21 1.00 12.40 -10.90
GDP Constant Prices 300794.30 BRL Million Jun/21 297299.75 314900.21 170920.00
Gross National Product 2106052.40 BRL Million Jun/21 2007674.46 2106052.40 271187.46
Gross Fixed Capital Formation 390197.76 BRL Million Jun/21 397464.53 397464.53 35403.16
GDP From Utilities 6911.99 BRL Million Jun/21 7133.48 7133.48 3667.91
GDP From Transport 8260.49 BRL Million Jun/21 8175.85 9391.22 5031.39
GDP From Services 180632.93 BRL Million Jun/21 176035.63 187983.75 100853.26
GDP From Public Administration 38134.03 BRL Million Jun/21 37277.70 40163.63 26246.88
GDP From Mining 2699.13 BRL Million Jun/21 2456.29 2851.25 1096.77
GDP From Manufacturing 29976.28 BRL Million Jun/21 29290.64 37408.43 21655.49
GDP From Construction 13315.76 BRL Million Jun/21 12769.95 20193.53 10342.31
GDP From Agriculture 23709.96 BRL Million Jun/21 26985.02 26985.02 6923.17


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.