Brazil GDP Growth Rate

The Gross Domestic Product (GDP) in Brazil expanded 0.20 percent in the first quarter of 2014 over the previous quarter. GDP Growth Rate in Brazil averaged 0.73 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).


Brazil GDP Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
0.20 0.40 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.

Brazil Economy Advances 0.2% QoQ in Q1

In the first quarter of 2014, Brazilian economy expanded 0.2 percent on a quarter-on-quarter seasonally adjusted basis, slowing from a revised 0.4 percent expansion in the previous period. Growth was flooded by government spending while household consumption, investment and exports fell.

Investments fell for the third consecutive quarter by 2.1 percent quarter-on-quarter and household consumption dropped 0.1 percent. Exports contracted 3.3 percent after rising 3.6 percent in the previous quarter. In contrast, government spending grew 0.7 percent and imports advanced 1.4 percent.

On the production side, industry shrank 0.8 percent, as high interest rates depressed investment. Agriculture increased 3.6 percent, recovering from a 0.5 percent decrease in the last three months of 2014 and the services sector rose at a slower 0.4 percent.

Year-on-year, the economy advanced 1.9 percent. 

Joana Taborda |
5/30/2014 4:55:27 PM

Recent Releases

Brazil Returns to Growth in Q4
In the fourth quarter of 2013, Brazilian GDP advanced 0.7 percent on a quarter-on-quarter seasonally adjusted basis, recovering from a 0.5 percent contraction in the previous period, boosted by the services sector. Published on 2014-02-27

Brazilian Economy Shrinks 0.5% QoQ in Q3
In the third quarter of 2013, Brazil’s GDP contracted a seasonally adjusted 0.5 percent quarter-on-quarter, first decline in two years. An increase in government and household spending was not enough to offset a drop in exports and investment. Published on 2013-12-04

Calendar GMT Country Event Reference Actual Previous Consensus Forecast
2013-08-30 01:00 PM Brazil
GDP Growth Rate QoQ
Q2 2013 1.5% 0.6% 1.18%
2013-12-03 11:00 AM Brazil
GDP Growth Rate QoQ
Q3 2013 -0.5% 1.8% (R) -0.2% 1.34%
2014-02-27 12:00 PM Brazil
GDP Growth Rate QoQ
Q4 2013 0.7% -0.5% 0.3% 0.1%
2014-05-30 01:00 PM Brazil
GDP Growth Rate QoQ
Q1 2014 0.2% 0.4% (R) 0.2% 0.16%
2014-08-29 01:00 PM Brazil
GDP Growth Rate QoQ
Q2 2014 0.2% 0.07%

GDP Last Previous Highest Lowest Unit
GDP 2245.67 2248.78 2476.69 15.17 USD Billion [+]
GDP Growth Rate 0.20 0.40 4.50 -4.20 Percent [+]
GDP Annual Growth Rate 1.90 2.20 10.10 -3.15 Percent [+]
GDP Constant Prices 1204057.67 1293297.00 1293297.00 156930.00 BRL Million [+]
Gross National Product 1182880.22 1262434.87 1262434.87 140820.00 BRL Million [+]
GDP per capita 5823.04 5730.25 5823.04 1726.57 USD [+]
Gross Fixed Capital Formation 213127.28 225542.05 232041.19 31363.00 BRL Million [+]
GDP per capita PPP 10263.89 10264.01 10264.01 6557.05 USD [+]

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