The Brazilian economy expanded by 1.2% on quarter in the first quarter of 2021, following a 3.2% rise in the previous period and slightly above market expectations of a 1% growth. It was the third consecutive quarter of expansion, driven by services (0.4% vs 2.7% in Q4) and industry (0.7% vs 1.6%). In addition, agriculture grew 5.7%, the most in four years, after a 1.5% decline in the previous period. On the expenditure side, strong fixed investment (4.6% vs 20% in Q4) more than offset decreases in household consumption (-0.1% vs 3.2%) and government spending (-0.8% vs 0.9%). At the same time, exports rose 3.7% (vs -1.1% in Q4) while imports surged 11.6% (vs 19.3% in Q4). Year-on-year, the GDP rose 1%, following a 1.1% decline in the previous quarter and more than an expected 0.8% increase. source: Instituto Brasileiro de Geografia e Estatística (IBGE)

GDP Growth Rate in Brazil averaged 0.56 percent from 1996 until 2021, reaching an all time high of 7.80 percent in the third quarter of 2020 and a record low of -9.20 percent in the second quarter of 2020. This page provides - Brazil GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Brazil GDP Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on July of 2021.

GDP Growth Rate in Brazil is expected to be 0.50 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 0.50 in 12 months time. In the long-term, the Brazil GDP Growth Rate is projected to trend around 0.80 percent in 2022 and 0.90 percent in 2023, according to our econometric models.

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Brazil GDP Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
1.20 3.20 7.80 -9.20 1996 - 2021 percent Quarterly


Calendar GMT Actual Previous Consensus TEForecast
2020-09-01 12:00 PM Q2 -9.7% -2.5% -9.4% -9.2%
2020-12-03 12:00 PM Q3 7.7% -9.6% 9% 8.9%
2021-03-03 12:00 PM Q4 3.2% 7.7% 2.8% 2.5%
2021-06-01 12:00 PM Q1 1.2% 3.2% 1% 1.3%
2021-09-01 12:00 PM Q2 1.2%
2021-12-02 12:00 PM Q3


News Stream
Brazil GDP Grows More than Expected in Q1
The Brazilian economy expanded by 1.2% on quarter in the first quarter of 2021, following a 3.2% rise in the previous period and slightly above market expectations of a 1% growth. It was the third consecutive quarter of expansion, driven by services (0.4% vs 2.7% in Q4) and industry (0.7% vs 1.6%). In addition, agriculture grew 5.7%, the most in four years, after a 1.5% decline in the previous period. On the expenditure side, strong fixed investment (4.6% vs 20% in Q4) more than offset decreases in household consumption (-0.1% vs 3.2%) and government spending (-0.8% vs 0.9%). At the same time, exports rose 3.7% (vs -1.1% in Q4) while imports surged 11.6% (vs 19.3% in Q4). Year-on-year, the GDP rose 1%, following a 1.1% decline in the previous quarter and more than an expected 0.8% increase.
2021-06-01
Brazil GDP Grows More than Expected in Q4
The Brazilian economy expanded by 3.2 percent on quarter in the fourth quarter of 2020, following a record 7.7 percent expansion in the previous period and beating market expectations of a 2.8 percent growth. The services sector rose 2.7 percent, led by other services activities (6.8 percent); transport & storage (6.2 percent); information & communication (3.8 percent), trade (2.7 percent), public administration (1.8 percent) and real estate activities (0.8 percent). Meantime, industry expanded 1.9 percent, driven by manufacturing (4.9 percent). In contrast, agriculture shrank 0.5 percent. Year-on-year, the GDP shrank 1.1 percent, after a 3.9 percent decline in the previous quarter and less than an expected 1.6 percent fall.
2021-03-03
Brazil GDP Grows Less than Expected in Q3
The Brazilian economy expanded at a record 7.7 percent on quarter in the third quarter of 2020, following a record 9.6 percent contraction in the previous period when the coronavirus crisis hit the economy hard. Still, figures came below market forecasts of a 9.9 percent expansion. Industry jumped 14.8 percent, mainly due to manufacturing (23.7 percent), utilities (8.5 percent), construction (5.6 percent) and mining (2.5 percent). The services sector surged 6.3 percent, led by trade (15.9 percent), transportation and storage (12.5 percent) and information and communication (3.1 percent). In contrast, agriculture fell 0.5 percent. Year-on-year, the economy sank 3.9 percent and considering the first three quarters of the year, the GDP is still 5 percent lower than in the same period of 2019.
2020-12-03
Brazil Q2 GDP Shrinks the Most on Record, Enters Recession
Brazil’s gross domestic product shrank 9.7 percent on quarter in the three months to June 2020, following an upwardly revised 2.5 percent drop in the previous period and compared with forecasts of a 9.4 percent decline. It was the second consecutive quarterly contraction in GDP and the steepest on record, officially entering a recession due to the COVID-19 pandemic and the government measures taken to reduce the spread of the virus. Services activities plunged 9.7%, after decreasing 2.2% in Q1, namely trade (-13% vs -1.4%), transport & storage (-19.3% vs -2.4%), information & communication (-3% vs -2%) and other activities (-19.8% vs -5.3%). Also, the industry sector slumped 12.3%, following a 0.8% fall, in particular manufacturing (-17.5% vs -1.9%), construction (-5.7% vs -3.3%) and utilities (-4.4% vs -0.3%). Additionally, output growth eased in primary activities (0.4% vs 0.5%). Year-on-year, the economy contracted a record 11.4 percent, after shrinking a 0.3 percent in Q1.
2020-09-01

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.