The Brazilian economy advanced 1.7% year-on-year in the first quarter of 2022, picking up from a 1.6% expansion in the previous three-month period but slightly below market expectations of a 1.8% rise. It was the fifth consecutive quarter of economic expansion, driven by a 2.2% increase in household consumption amid higher demand for in-person services as Covid restrictions were relaxed. Also, government expenditure grew by 3.3%. On the other hand, gross fixed capital formation retreated by 7.2%, halting five consecutive quarters of growth amid lower levels of domestic production and imports of capital goods. Meanwhile, net trade contributed negatively to GDP growth, as goods and services imports jumped by 11%, while exports rose at a softer 8.1%. On a seasonally adjusted quarterly basis, the GDP rose 1%, picking up from a 0.7% increase in the previous period. source: Instituto Brasileiro de Geografia e Estatística (IBGE)

GDP Annual Growth Rate in Brazil averaged 2.39 percent from 1991 until 2022, 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 July 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.

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Brazil GDP Annual Growth Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-03-04 12:00 PM Q4 1.6% 4% 1.1% 1.4%
2022-06-02 12:00 PM Q1 1.7% 1.6% 1.8% 1.5%
2022-09-01 12:00 PM Q2 1.7% 0.8%


Related Last Previous Unit Reference
GDP Growth Rate 1.00 0.70 percent Mar 2022
GDP Annual Growth Rate 1.70 1.60 percent Mar 2022
GDP Constant Prices 303390.79 305183.95 BRL Million Mar 2022
Gross National Product 2187879.74 2153201.95 BRL Million Dec 2021
Gross Fixed Capital Formation 420043.62 428661.34 BRL Million Mar 2022
GDP From Utilities 14372.78 6788.14 BRL Million Mar 2022
GDP From Transport 8930.64 9088.05 BRL Million Mar 2022
GDP From Services 183211.72 189963.16 BRL Million Mar 2022
GDP From Public Administration 38706.27 39006.91 BRL Million Mar 2022
GDP From Mining 2202.74 2515.47 BRL Million Mar 2022
GDP From Manufacturing 27770.59 29239.41 BRL Million Mar 2022
GDP From Construction 7521.28 14987.87 BRL Million Mar 2022
GDP From Agriculture 25587.14 13523.64 BRL Million Mar 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
1.70 1.60 12.30 -10.70 1991 - 2022 percent Quarterly

News Stream
Brazil Economy Expands Less than Expected
The Brazilian economy advanced 1.7% year-on-year in the first quarter of 2022, picking up from a 1.6% expansion in the previous three-month period but slightly below market expectations of a 1.8% rise. It was the fifth consecutive quarter of economic expansion, driven by a 2.2% increase in household consumption amid higher demand for in-person services as Covid restrictions were relaxed. Also, government expenditure grew by 3.3%. On the other hand, gross fixed capital formation retreated by 7.2%, halting five consecutive quarters of growth amid lower levels of domestic production and imports of capital goods. Meanwhile, net trade contributed negatively to GDP growth, as goods and services imports jumped by 11%, while exports rose at a softer 8.1%. On a seasonally adjusted quarterly basis, the GDP rose 1%, picking up from a 0.7% increase in the previous period.
2022-06-02
Brazil Q4 GDP Annual Growth Above Forecasts
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.
2022-03-04
Brazil GDP Annual Growth Slows in Q3
The Brazilian economy advanced by 4% year-on-year in the third quarter of 2021, slowing from a revised record 12.3% expansion in the previous three-month period and slightly below market expectations of a 4.2% rise. It was the third consecutive quarter of economic expansion.The services sector rose by 5.8% and industry grew 1.3%. Meanwhile, agricultural activity plunged 9%, amid lower production of coffee (-22.4%), cotton (-17.5%), corn (-160%), orange (-13.8%) and sugar cane (-7.6%). On the expenditure side, fixed investment grew 18.8%, household consumption rose 4.2% and government spending went up 3.5%. Meanwhile, net trade contributed negatively to the GDP as exports (4%) rose less than imports (20.6%). On a quarterly basis, the GDP shrank 0.1%, following an upwardly revised 0.4% decrease in the previous quarter and compared with market estimates of no growth.
2021-12-02