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

GDP Annual Growth Rate in Brazil averaged 2.40 percent from 1991 until 2021, 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 December of 2021.

GDP Annual Growth Rate in Brazil is expected to be 4.20 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
2021-09-01 12:00 PM Q2 12.4% 1% 12.8% 13%
2021-12-02 12:00 PM Q3 4% 12.3% 4.2% 4.3%
2022-03-04 12:00 PM Q4 4%


Related Last Previous Unit Reference
GDP Growth Rate -0.10 -0.40 percent Sep/21
GDP Annual Growth Rate 4.00 12.30 percent Sep/21
GDP Constant Prices 306899.40 300500.01 BRL Million Sep/21
Gross National Product 2106052.40 2007674.46 BRL Million Jun/21
Gross Fixed Capital Formation 430490.80 397317.22 BRL Million Sep/21
GDP From Utilities 6693.24 7038.60 BRL Million Sep/21
GDP From Transport 8822.59 8314.16 BRL Million Sep/21
GDP From Services 186511.67 180404.75 BRL Million Sep/21
GDP From Public Administration 38604.31 38348.78 BRL Million Sep/21
GDP From Mining 2677.79 2479.14 BRL Million Sep/21
GDP From Manufacturing 31514.53 29778.25 BRL Million Sep/21
GDP From Construction 14970.41 13475.01 BRL Million Sep/21
GDP From Agriculture 17963.07 23837.77 BRL Million Sep/21

News Stream
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
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 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.