The Brazilian economy advanced 0.6 percent on quarter in the three months to September 2019, following an upwardly revised 0.5 percent expansion in the previous period and beating market expectations of 0.4 percent. It was the strongest growth rate since the first quarter of 2018, as industrial and services activities expanded further and the agricultural sector recovered.

GDP Growth Rate in Brazil averaged 0.56 percent from 1996 until 2019, reaching an all time high of 4 percent in the third quarter of 1996 and a record low of -3.90 percent in the fourth quarter of 2008. This page provides - Brazil GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. source: Instituto Brasileiro de Geografia e Estatística (IBGE)

GDP Growth Rate in Brazil is expected to be 0.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Growth Rate in Brazil to stand at 0.80 in 12 months time. In the long-term, the Brazil GDP Growth Rate is projected to trend around 0.90 percent in 2020, according to our econometric models.


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Brazil GDP Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
0.60 0.50 4.00 -3.90 1996 - 2019 percent Quarterly

Calendar GMT Actual Previous Consensus TEForecast
2019-02-28 12:00 PM Q4 0.1% 0.5% 0.2% 0.3%
2019-05-30 12:00 PM Q1 -0.2% 0.1% -0.2% -0.3%
2019-08-29 12:00 PM Q2 0.4% -0.1% 0.2% 0.2%
2019-12-03 12:00 PM Q3 0.6% 0.5% 0.4% 0.2%
2020-03-04 12:00 PM Q4 0.6% 0.4%


News Stream
2019-08-29
Brazil Q2 GDP Growth Beats Forecasts
The Brazilian economy advanced 0.4 percent on quarter in the three months to June 2019, after a downwardly revised 0.1 percent contraction in the prior period and above market expectations of a 0.2 percent expansion. Growth was mainly boosted by industrial and services activities while agricultural output declined.

2019-05-30
Brazilian Economy Contracts for 1st Time in Over 2 Years
The Brazilian economy shrank 0.2 percent on quarter in the first quarter of 2019, slowing from a 0.1 percent expansion in the previous period and in line with market expectations. It was the first contraction since the last quarter of 2016, as household consumption rose at a softer pace and fixed investment continued to shrink while government spending rebounded.

2019-02-28
Brazil Q4 GDP Growth Slows to 0.1% QoQ
The Brazilian economy advanced 0.1 percent on quarter in the fourth quarter of 2018, compared to a downwardly revised 0.5 percent expansion in the previous period and below market expectations of 0.2 percent. The slowdown was mainly due to a contraction in government spending and gross fixed capital formation.


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 for 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.

Brazil GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.60 0.50 4.00 -3.90 percent [+]
GDP Annual Growth Rate 1.20 1.10 10.10 -5.50 percent [+]
GDP 1868.63 2053.60 2616.20 15.17 USD Billion [+]
GDP Constant Prices 305145.57 297748.94 314900.18 170920.00 BRL Million [+]
Gross National Product 1789953.33 1758847.79 1789953.33 271187.46 BRL Million [+]
Gross Fixed Capital Formation 299568.72 275237.92 299568.72 35403.16 BRL Million [+]
GDP per capita 11026.24 10990.19 11993.48 3417.35 USD [+]
GDP per capita PPP 14282.70 14236.00 15535.60 10093.00 USD [+]
GDP From Agriculture 19674.07 22906.11 25119.97 6923.17 BRL Million [+]
GDP From Construction 14282.02 13454.56 20193.52 10342.31 BRL Million [+]
GDP From Manufacturing 32265.60 30075.53 37408.43 21655.49 BRL Million [+]
GDP From Mining 2827.06 2359.06 2827.06 1096.77 BRL Million [+]
GDP From Public Administration 39927.34 40204.81 40204.81 26246.88 BRL Million [+]
GDP From Services 183634.54 179811.31 187988.26 100853.26 BRL Million [+]
GDP From Transport 8719.25 8257.70 9391.22 5031.39 BRL Million [+]
GDP From Utilities 6551.44 6805.65 7043.14 3667.91 BRL Million [+]