Brazil GDP Growth Rate  1996-2016 | Data | Chart | Calendar | Forecast

The Brazilian economy contracted 1.4 percent on quarter in the last three months of 2015, slightly lower than market expectations of a 1.5 percent decline and following a 1.7 percent contraction in the previous period, marking the fourth straight quarter of contraction. Year-on-year, the GDP shrank 5.9 percent, bringing full 2015 contraction to 3.8 percent, the worst annual performance since 1991. GDP Growth Rate in Brazil averaged 0.63 percent from 1996 until 2015, reaching an all time high of 3.50 percent in the third quarter of 1996 and a record low of -4.10 percent in the fourth quarter of 2008. GDP Growth Rate in Brazil is reported by the Instituto Brasileiro de Geografia e Estatística (IBGE).

Brazil GDP Growth Rate
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Actual Previous Highest Lowest Dates Unit Frequency
-1.40 -1.70 3.50 -4.10 1996 - 2015 percent Quarterly
Brazil is the eighth largest economy in the world and the largest in Latin America. In recent years, the country has been one of the fastest-growing economies in the world primarily due to its export potential. The country’s trade is driven by its extensive natural resources and diverse agricultural and manufacturing production. Also, rising domestic demand, increasingly skilled workforce along with scientific and technological development, have attracted foreign direct investment. However, bureaucracy, corruption and weak infrastructure remain the biggest obstacles to economic development. This page provides - Brazil GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Brazil GDP Growth Rate - actual data, historical chart and calendar of releases - was last updated on April of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2015-08-28 01:00 PM Q2 -1.9% -0.7% -1.7% -1.0%
2015-12-01 11:00 AM Q3 -1.7% -2.1% -1.2% -1.3%
2016-03-03 12:00 PM Q4 -1.4% -1.7% -1.5% -1.9%
2016-06-01 12:00 PM Q1 -1.4% -1.9%
2016-08-31 12:00 PM Q2 -1.3%
2016-11-30 11:00 AM Q3 -0.1%

Brazil GDP Shrinks for 4th Straight Quarter


The Brazilian economy contracted 1.4 percent on quarter in the last three months of 2015, slightly lower than market expectations of a 1.5 percent decline and following a 1.7 percent contraction in the previous period. It is the fourth straight quarter of contraction as companies have been cutting investment plans since the second quarter of 2014 and in 2015 around 1.5 million people lost their job.

Gross fixed capital formation recorded the biggest decline (-4.9 percent), following a 4.4 percent drop in the previous period. Household consumption slumped 1.3 percent (-1.5 percent in Q3), government spending went down 2.9 percent after rising a meager 0.3 percent in the previous period. Exports contracted for the second straight period (down 0.4 percent) and imports slumped 5.9 percent.

On the production side, the mining sector fell 6.6 percent, manufacturing went down 2.5 percent and retail trade declined 2.6 percent. In contrast, agriculture expanded 2.9 percent, electricity, water and sewerage increased 1.7 percent  and construction edged up 0.4 percent. 

Year-on-year, the GDP shrank 5.9 percent, bringing full 2015 contraction -3.8 percent, the worst annual performance since 1991.

Joana Taborda | joana.taborda@tradingeconomics.com
3/3/2016 1:07:50 PM

Brazil GDP Last Previous Highest Lowest Unit
GDP Growth Rate -1.40 -1.70 3.50 -4.10 percent [+]
GDP Annual Growth Rate -5.90 -4.50 10.10 -5.90 percent [+]
GDP 2346.12 2392.09 2615.19 15.17 USD Billion [+]
GDP Constant Prices 290321.91 297446.01 314713.77 170920.00 BRL Million [+]
Gross National Product 1489781.98 1446839.04 1489781.98 264509.18 BRL Million [+]
Gross Fixed Capital Formation 256807.91 268429.88 291091.76 35403.16 BRL Million [+]
GDP per capita 5969.68 6010.79 6010.79 1706.13 USD [+]
GDP per capita PPP 15412.29 15518.43 15518.43 10104.07 USD [+]
GDP From Agriculture 12544.53 16964.27 21182.59 6929.35 BRL Million [+]
GDP From Construction 17716.74 17478.99 20687.17 10691.03 BRL Million [+]
GDP From Manufacturing 29155.98 31717.80 36931.79 21481.99 [+]
GDP From Mining 2421.17 2576.20 2576.20 1092.40 BRL Million [+]
GDP From Public Administration 38915.11 40108.42 40108.42 26076.65 BRL Million [+]
GDP From Services 178277.39 178943.56 186770.33 101509.08 BRL Million [+]
GDP From Transport 8431.28 8732.59 9459.30 4937.13 BRL Million [+]
GDP From Utilities 6168.00 5907.21 6327.85 3658.36 BRL Million [+]




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