Brazil GDP Growth Rate 1996-2014 | Data | Chart | Calendar | Forecast

The Gross Domestic Product (GDP) in Brazil expanded 0.10 percent in the third quarter of 2014 over the previous quarter. GDP Growth Rate in Brazil averaged 0.71 percent from 1996 until 2014, reaching an all time high of 4.50 percent in the third quarter of 1996 and a record low of -4.20 percent in the fourth quarter of 2008. GDP Growth Rate in Brazil is reported by the Instituto Brasileiro de Geografia e Estatística (IBGE).

      Forecast    
Brazil GDP Growth Rate


Actual Previous Highest Lowest Dates Unit Frequency
0.10 -0.60 4.50 -4.20 1996 - 2014 percent Quarterly
Brazil is the seventh 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. Content for - Brazil GDP Growth Rate - was last refreshed on Friday, December 19, 2014.


Brazil Avoids Recession in Q3


The Brazilian economy expanded 0.1 percent on quarter in the three months to September of 2014, pulling out from a first-half contraction, supported by increase in public spending and investment.

Government expenditure increased 1.3 percent in the third quarter, after contracting 0.5 percent in the previous period. Gross fixed capital formation expanded 1.3 percent, recovering from a 5.2 percent drop in the second quarter.  Imports advanced 2.4 percent (-1.8 percent in Q2) while exports rose 1 percent (3 percent in Q2). Meanwhile, consumer spending fell 0.3 percent after being flat in the previous period.

In the second quarter of 2014, the GDP shrank 0.6 percent, following a 0.2 percent drop in the first three months of the year, bringing the year-to-date growth to 0.2 percent.

Joana Taborda | joana.taborda@tradingeconomics.com
11/28/2014 12:59:18 PM


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Calendar GMT Event Actual Previous Consensus Forecast (i)
2014-05-30 01:00 PM
GDP Growth Rate QoQ  Q1
0.2% 0.4% (R) 0.2% 0.16%
2014-08-29 01:00 PM
GDP Growth Rate QoQ  Q2
-0.6% -0.2% (R) -0.4% -0.5%
2014-11-28 11:00 AM
GDP Growth Rate QoQ  Q3
0.1% -0.6% 0.3% 0.15%
2015-03-27 12:00 PM
GDP Growth Rate QoQ  Q4
0.2%
2015-05-28 01:00 PM
GDP Growth Rate QoQ  Q1
-0.28%
2015-08-28 01:00 PM
GDP Growth Rate QoQ  Q2
0.2%


Brazil GDP Last Previous Highest Lowest Unit
GDP 2245.67 2248.78 2476.69 15.17 USD Billion [+]
GDP Growth Rate 0.10 -0.60 4.50 -4.20 percent [+]
GDP Annual Growth Rate -0.20 -0.90 10.10 -3.15 percent [+]
GDP Constant Prices 1289070.65 1271185.94 1293297.00 156930.00 BRL Million [+]
Gross National Product 1269988.29 1249600.80 1269988.29 140820.00 BRL Million [+]
GDP per capita 5823.04 5730.25 5823.04 1726.57 USD [+]
Gross Fixed Capital Formation 224231.09 209804.87 232041.19 31363.00 BRL Million [+]
GDP per capita PPP 14555.08 14323.14 14555.08 9777.23 USD [+]


GDP Growth Rate Reference Previous Highest Lowest Unit
Australia 0.30 Aug/14 0.50 4.50 -2.00 percent [+]
Brazil 0.10 Aug/14 -0.60 4.50 -4.20 percent [+]
Canada 0.70 Aug/14 0.90 3.33 -1.80 percent [+]
China 1.90 Aug/14 2.00 2.50 1.40 percent [+]
Euro Area 0.20 Aug/14 0.10 1.30 -2.80 percent [+]
France 0.30 Aug/14 -0.10 1.60 -1.70 percent [+]
Germany 0.10 Aug/14 -0.10 2.10 -3.70 percent [+]
India 1.20 May/14 1.90 5.80 -1.90 percent [+]
Indonesia 2.96 Aug/14 2.49 3.82 -3.57 percent [+]
Italy -0.10 Aug/14 -0.20 6.00 -3.50 percent [+]
Japan -0.50 Aug/14 -1.90 3.20 -4.00 percent [+]
Mexico 0.50 Aug/14 0.90 2.90 -6.60 percent [+]
Netherlands 0.20 Aug/14 0.60 2.00 -2.20 percent [+]
Russia 0.04 Aug/14 0.14 4.10 -5.40 percent [+]
South Korea 0.90 Aug/14 0.50 6.80 -7.00 percent [+]
Spain 0.50 Aug/14 0.50 1.53 -1.60 percent [+]
Switzerland 0.60 Aug/14 0.30 1.90 -2.20 percent [+]
Turkey 0.40 Aug/14 -0.50 6.69 -7.57 percent [+]
United Kingdom 0.70 Aug/14 0.90 5.00 -2.70 percent [+]
United States 3.90 Aug/14 4.60 16.90 -10.00 percent [+]