The Brazilian gross domestic product advanced by 1.0 percent year-on-year in the second quarter of 2018, easing from a 1.2 percent rise in the previous three-month period and missing market expectations of a 1.1 percent increase. It was the slowest expansion since the second quarter of 2017. Household spending slowed and exports fell on the back of May's truckers strike which paralyzed key sectors of the economy. GDP Annual Growth Rate in Brazil averaged 2.56 percent from 1991 until 2018, reaching an all time high of 10.10 percent in the first quarter of 1995 and a record low of -5.60 percent in the fourth quarter of 2015.

Brazil GDP Annual 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 Annual GDP Growth Weakest in 1 Year at 1.0%


The Brazilian gross domestic product advanced by 1.0 percent year-on-year in the second quarter of 2018, easing from a 1.2 percent rise in the previous three-month period and missing market expectations of a 1.1 percent increase. It was the slowest expansion since the second quarter of 2017. Household spending slowed and exports fell due to the truckers' strike that paralyzed key sectors of the economy.

A ten-day nationwide truck strike over fuel prices started on May 21st and disrupted the country's supply chains and ports, leading to shortages of fuel and food and lowering exports.

From the expenditure side, household spending went up 1.7 percent, below 2.8 percent in Q1, posting the lowest increase in a year. Also, net external demand contributed negatively to growth, as exports fell 2.9 percent (6.0 percent in Q1) while imports grew 6.8 percent (7.7 percent in Q1). On the other hand, government spending recovered slightly (0.1 percent compared to -0.8 percent) and fixed investment quickened (3.7 percent compared to 3.5 percent), mainly due to higher production and imports of capital goods.

From the production side, the services sector grew 1.2 percent after rising 1.5 percent in Q1, as output expanded less for trade (1.9 percent from 4.5 percent); transport and storage (1.1 percent from 2.8 percent) and public administration, defense, health, education and social security (0.5 percent from 0.6 percent). Meanwhile, upturns were recorded in information and communication (0.4 percent from -3.3 percent); finance, insurance and related (0.6 percent from 0.1 percent) and real estate activities (3.0 percent vs 2.8 percent). Also, industrial production eased (1.2 percent from 1.6 percent), amid a sharp slowdown in manufacturing activity (1.8 percent from 4.0 percent) and a contraction in the construction sector (-1.1 percent from -2.2 percent). In contrast, output rebounded in mining and quarrying (0.6 percent from -1.9 percent) and advanced faster for utilities (3.1 percent from 0.6 percent). Finally, the agricultural sector shrank at a softer pace (-0.4 percent from -2.6 percent).

On a quarterly basis, the Brazilian economy expanded only 0.2 percent, following a downwardly revised 0.1 percent advance in the previous quarter but above market consensus of a 0.1 percent rise.


IBGE | Luisa Carvalho | luisa.carvalho@tradingeconomics.com
8/31/2018 3:03:35 PM



Calendar GMT Actual Previous Consensus TEForecast
2018-03-01 12:00 PM GDP Growth Rate YoY 2.1% 1.4% 2.5% 2.3%
2018-05-30 12:00 PM GDP Growth Rate YoY 1.2% 2.1% 1.3% 1.7%
2018-08-31 12:00 PM GDP Growth Rate YoY 1% 1.2% 1.1% 1.0%
2018-11-30 11:00 AM GDP Growth Rate YoY 1% 1.2%


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

Actual Previous Highest Lowest Dates Unit Frequency
1.00 1.20 10.10 -5.60 1991 - 2018 percent Quarterly




Country Last
India 8.20 Jun/18
China 6.50 Sep/18
Turkey 5.20 Jun/18
Indonesia 5.17 Sep/18
Australia 3.40 Jun/18
Switzerland 3.40 Jun/18
United States 3.00 Sep/18
Mexico 2.60 Sep/18
Singapore 2.60 Sep/18
Spain 2.50 Sep/18
Netherlands 2.40 Sep/18
South Korea 2.00 Sep/18
Canada 1.90 Jun/18
Euro Area 1.70 Sep/18
Saudi Arabia 1.61 Jun/18
France 1.50 Sep/18
United Kingdom 1.50 Sep/18
Russia 1.30 Sep/18
Germany 1.10 Sep/18
Brazil 1.00 Jun/18
Italy 0.80 Sep/18
South Africa 0.40 Jun/18
Japan 0.30 Sep/18
Argentina -4.20 Jun/18


Related

Latest