Brazil GDP Growth Rate  1996-2017 | Data | Chart | Calendar | Forecast

The Brazilian economy contracted 0.9 percent on quarter in the last three months of 2016, following a downwardly revised 0.7 percent drop in the previous period and worse than market expectations of a 0.6 percent fall. Household consumption declined at a steeper pace and imports recovered while investment and exports shrank less and government spending edged up. GDP Growth Rate in Brazil averaged 0.58 percent from 1996 until 2016, reaching an all time high of 4 percent in the third quarter of 1996 and a record low of -3.80 percent in the fourth quarter of 2008.

Brazil GDP Growth Rate
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Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-08-31 12:00 PM Q2 -0.6% -0.4% -0.5% -0.3%
2016-11-30 11:00 AM Q3 -0.8% -0.4% -0.8% -0.6%
2017-03-07 12:00 PM Q4 -0.9% -0.7% -0.6% -0.2%
2017-06-01 12:00 PM Q1 -0.9% -0.3%
2017-09-01 12:00 PM Q2 -0.2%
2017-12-01 11:00 AM Q3 0.2%




Brazil GDP Shrinks More Than Expected In Q4


The Brazilian economy contracted 0.9 percent on quarter in the last three months of 2016, following a downwardly revised 0.7 percent drop in the previous period and worse than market expectations of a 0.6 percent fall. Household consumption declined at a steeper pace and imports recovered while investment and exports shrank less and government spending edged up.

Household spending fell 0.6 percent, more than a 0.3 percent drop in the previous quarter. In contrast, government spending edged up 0.1 percent, following a 0.4 percent fall in the previous quarter and marking the first increase in nine months. Gross fixed capital formation fell at a slower 1.6 percent (-2.5 percent in Q3) and exports also declined less (-1.8 percent compared to -3.2 percent). On the other hand, imports rose 3.2 percent, recovering from a 3.1 percent decline in the previous period. 

On the production side, the services sector shrank at a faster 0.8 percent (-0.5 percent in Q3) as internal trade fell more (-1.2 percent compared to -0.4 percent) and information services (-2.1 percent compared to 0.3 percent in Q3) and real estate (-0.2 percent compared to a flat reading in Q3) came back to contraction. The industrial sector declined at a slower 0.7 percent, following a 1.4 percent drop in the previous period, dragged down by construction (-2.3 percent compared to -1.7 percent in Q3), manufacturing (-1 percent compared to -1.3 percent in Q3) and electricity output (-0.1 percent compared to -1.2 percent in Q3). In contrast, mining rose 0.7 percent (3.7 percent in Q3) and agriculture went up 1 percent, following a 2.1 percent drop in Q3 and marking the first increase in 2016. 

Year-on-year, the economy slumped 2.5 percent, the eleventh straight quarter of contraction. Considering full 2016, the GDP declined 3.6 percent, following a 3.8 percent deop in 2015, marking the worst recession on record. Agriculture (-6.6 percent compared to +3.6 percent in 2015), industrial production (-3.8 percent compared to -6.3 percent in 2015) and services (-2.7 percent, the same as in 2015) fell. In 2017, markets expect the economy to expand 0.5 percent. 

IBGE | Joana Taborda | joana.taborda@tradingeconomics.com
3/7/2017 12:38:13 PM



Brazil GDP Last Previous Highest Lowest Unit
GDP Growth Rate -0.90 -0.70 4.00 -3.80 percent [+]
GDP Annual Growth Rate -2.50 -2.90 10.10 -5.80 percent [+]
GDP 1774.72 2417.05 2614.57 15.17 USD Billion [+]
GDP Constant Prices 285112.89 290134.77 314900.94 170920.00 BRL Million [+]
Gross National Product 1589356.15 1548975.66 1589356.15 264509.18 BRL Million [+]
Gross Fixed Capital Formation 254786.37 260490.16 291362.48 35403.16 BRL Million [+]
GDP per capita 11159.25 11705.43 11797.45 3402.47 USD [+]
GDP per capita PPP 14454.94 15162.42 15281.61 10019.99 USD [+]
GDP From Agriculture 12045.26 16436.16 22592.27 6923.17 BRL Million [+]
GDP From Construction 16175.80 16801.28 20192.92 10342.31 BRL Million [+]
GDP From Manufacturing 27844.17 30071.50 37408.43 21655.49 [+]
GDP From Mining 2540.72 2552.90 2586.44 1096.77 BRL Million [+]
GDP From Public Administration 39273.35 39836.72 39898.23 26246.88 BRL Million [+]
GDP From Services 175996.33 175640.73 188042.35 100853.26 BRL Million [+]
GDP From Transport 7719.30 8037.42 9389.86 5031.39 BRL Million [+]
GDP From Utilities 6342.14 6213.34 6375.68 3667.91 BRL Million [+]



Brazil GDP Growth Rate Notes

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 March of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
-0.90 -0.70 4.00 -3.80 1996 - 2016 percent Quarterly



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