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.