The Brazilian economy expanded 1.2 percent year-on-year in the third quarter of 2019, following a revised 1.1 percent growth in the previous period and beating market consensus of 1.0 percent. The industry sector grew 1.0 percent despite a contraction in manufacturing, led by construction and mining, and services output advanced also 1.0 percent, boosted by information & communication, trade, real estate, and financial activities. Brazil GDP Annual Growth Rate - data, historical chart, and calendar of releases - was last updated on February of 2020 from its official source.

GDP Annual Growth Rate in Brazil averaged 2.52 percent from 1991 until 2019, reaching an all time high of 10.10 percent in the first quarter of 1995 and a record low of -5.50 percent in the fourth quarter of 2015. This page provides - Brazil GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. source: Instituto Brasileiro de Geografia e Estatística (IBGE)

GDP Annual Growth Rate in Brazil is expected to be 0.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in Brazil to stand at 2.20 in 12 months time. In the long-term, the Brazil GDP Annual Growth Rate is projected to trend around 2.40 percent in 2021 and 2.50 percent in 2022, according to our econometric models.


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Brazil GDP Annual Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
1.20 1.10 10.10 -5.50 1991 - 2019 percent Quarterly


Calendar GMT Actual Previous Consensus TEForecast
2019-02-28 12:00 PM Q4 1.1% 1.3% 1.3% 1.2%
2019-05-30 12:00 PM Q1 0.5% 1.1% 0.5% 0.8%
2019-08-29 12:00 PM Q2 1% 0.5% 0.7% 0.6%
2019-12-03 12:00 PM Q3 1.2% 1.1% 1% 0.9%
2020-03-04 12:00 PM Q4 1.2% 1%
2020-05-29 12:00 PM Q1 0.7%
2020-08-28 12:00 PM Q2 0.9%
2020-12-03 12:00 PM Q3 1.5%


News Stream
Brazil GDP Annual Growth Beats Expectations
The Brazilian economy expanded 1.2 percent year-on-year in the third quarter of 2019, following a revised 1.1 percent growth in the previous period and beating market consensus of 1.0 percent. The industry sector grew 1.0 percent despite a contraction in manufacturing, led by construction and mining, and services output advanced also 1.0 percent, boosted by information & communication, trade, real estate, and financial activities.
2019-12-03
Brazilian Economy Grows 1% YoY in Q2
The Brazilian economy expanded 1.0 percent year-on-year in the second quarter of 2019, following a 0.5 percent growth in the previous period and beating market consensus of 0.7 percent. The services sector continued to grow and agricultural and industrial activities rebounded, as construction output rose for the first time since the first quarter of 2014.
2019-08-29
Brazil Q1 GDP Annual Growth at 2-Year Low
The Brazilian economy advanced 0.5 percent year-on-year in the first quarter of 2019, easing from 1.1 percent in the previous three-month period and matching market expectations. It was the weakest growth rate since the first quarter of 2017, mainly due to a slowdown in household consumption and fixed investment.
2019-05-30
Brazil Q4 GDP Annual Growth Weaker than Expected
The Brazilian economy grew 1.1 percent year-on-year in the fourth quarter of 2018, easing from 1.3 percent in the previous three-month period and missing market expectations of 1.3 percent. Household consumption and exports drove the expansion, while fixed investment rose at softer pace and government spending contracted. Considering 2018 full year, the GDP grew 1.1 percent, the same pace as in 2017.
2019-02-28

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.