The Brazilian economy grew by 0.2 percent on quarter in the three months to June 2018, following a downwardly revised 0.1 percent advance in the previous period and slightly beating market expectations of 0.1 percent. The slight expansion was sharply impacted by nationwide truckers strikes in May and June, which led to the first fall in investment in more than a year and the biggest decline in exports since the last quarter of 2014. GDP Growth Rate in Brazil averaged 0.58 percent from 1996 until 2018, reaching an all time high of 3.90 percent in the third quarter of 1996 and a record low of -3.90 percent in the fourth quarter of 2008.

Brazil GDP Growth Rate
width
height
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.



Brazil Quarterly GDP Growth Picks Up to 0.2% in Q2


The Brazilian economy grew by 0.2 percent on quarter in the three months to June 2018, following a downwardly revised 0.1 percent advance in the previous period and slightly beating market expectations of 0.1 percent. The slight expansion was sharply impacted by nationwide truckers strikes in May and June, which led to the first fall in investment in more than a year and the biggest decline in exports since the last quarter of 2014.

The second quarter expansion was driven by public spending (0.5 percent vs -0.3 percent in Q1) and household consumption (0.1 percent vs 0.4 percent). However, fixed investment contracted 1.8 percent, after a 0.3 percent advance in the previous period; and net external demand contributed negatively to the GDP growth as exports slumped 5.5 percent (vs 1.8 percent in Q1) and imports fell at a slower 2.1 percent (vs 0.8 percent in Q1).

From the production side, services output rose by 0.3 percent in the second quarter, following a 0.1 percent increase in the precedent three-month period, boosted by growth in: information & communication services (1.2 percent vs -1.1 percent); real estate activities (1.2 percent vs 0.4 percent); financial & insurance activities (0.7 percent vs -0.2 percent); and other service activities (0.7 percent vs 0.6 percent). By contrast, a contraction was recorded for transport, storage & post (-1.4 percent vs 0.6 percent); trade (-0.3 percent vs 0.1 percent); and public administration, defense, education, health (-0.2 percent vs 0.1 percent).

Meanwhile, industry output shrank 0.6 percent after a 0.1 percent gain in the first quarter, as output declined for both manufacturing (-0.8 percent vs -0.4 percent) and construction (-0.8 percent vs -0.4 percent), while growth was recorded for utilities (0.7 percent vs 2.3 percent) and mining (0.4 percent, the same as in Q1). Agriculture output was unchanged in the second quarter after an increase of 1.3 percent in the previous period.


IBGE | Joana Ferreira | joana.ferreira@tradingeconomics.com
8/31/2018 2:11:26 PM



Calendar GMT Actual Previous Consensus TEForecast
2018-03-01 12:00 PM GDP Growth Rate QoQ 0.1% 0.2% 0.4% 0.3%
2018-05-30 12:00 PM GDP Growth Rate QoQ 0.4% 0.2% 0.4% 0.4%
2018-08-31 12:00 PM GDP Growth Rate QoQ 0.2% 0.1% 0.1% 0.1%
2018-11-30 11:00 AM GDP Growth Rate QoQ 0.2% 0.3%


Brazil GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.20 0.10 3.90 -3.90 percent [+]
GDP Annual Growth Rate 1.00 1.20 10.10 -5.60 percent [+]
GDP 2055.51 1793.99 2616.20 15.17 USD Billion [+]
GDP Constant Prices 292743.31 288864.85 314900.81 170920.00 BRL Million [+]
Gross National Product 1672449.67 1617026.20 1672449.67 271187.46 BRL Million [+]
Gross Fixed Capital Formation 271381.65 263155.31 291365.72 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 22302.59 24333.40 24981.62 6923.17 BRL Million [+]
GDP From Construction 14810.83 15021.56 20193.88 10342.31 BRL Million [+]
GDP From Manufacturing 29063.81 27912.91 37408.43 21655.49 BRL Million [+]
GDP From Mining 2544.41 2427.41 2644.23 1096.77 BRL Million [+]
GDP From Public Administration 39970.23 39373.83 40315.59 26246.88 BRL Million [+]
GDP From Services 176003.35 172296.07 188034.18 100853.26 BRL Million [+]
GDP From Transport 8123.63 7952.51 9391.41 5031.39 BRL Million [+]
GDP From Utilities 6706.67 6706.72 6706.72 3667.91 BRL Million [+]


Brazil GDP 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 Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Brazil GDP Growth Rate - actual data, historical chart and calendar of releases - was last updated on November of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
0.20 0.10 3.90 -3.90 1996 - 2018 percent Quarterly




Country Last
Singapore 4.70 Sep/18
United States 3.50 Sep/18
Indonesia 3.09 Sep/18
India 1.90 Jun/18
China 1.60 Sep/18
Australia 0.90 Jun/18
Mexico 0.90 Sep/18
Russia 0.90 Jun/18
Turkey 0.90 Jun/18
Canada 0.70 Jun/18
Switzerland 0.70 Jun/18
South Korea 0.60 Sep/18
Spain 0.60 Sep/18
United Kingdom 0.60 Sep/18
France 0.40 Sep/18
Brazil 0.20 Jun/18
Euro Area 0.20 Sep/18
Netherlands 0.20 Sep/18
Italy 0.00 Sep/18
Saudi Arabia -0.05 Mar/18
Germany -0.20 Sep/18
Japan -0.30 Sep/18
South Africa -0.70 Jun/18
Argentina -4.00 Jun/18


Related

Latest