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

The Gross Domestic Product (GDP) in Brazil contracted 0.60 percent in the second quarter of 2014 over the previous quarter. GDP Growth Rate in Brazil averaged 0.72 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
-0.60 -0.20 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, October 31, 2014.

Rousseff to Rule Brazil For More 4 Years

On Sunday, President Dilma Rousseff was re-elected with the smallest margin victory since 1994. She won 54.5 million votes (51.6 percent) as compared to 51 million votes her opponent Aécio Neves received. In her thank you speech, the President made clear that is willing to start a dialogue and bring the country together.

Yet, this task may prove to be very difficult. First, she will have to face the Congress, which has now a stronger PSDB opposition presence. Secondly, she would need to appease the markets, which don’t agree with her policies.  After the elections results were announced, the real fell to a nine-year low against the dollar and the selloff of Brazilian assets has begun bringing the Bovespa down more than 5 percent in the opening minutes of trading.

Only 3.4 million vote difference between candidates proved Brazilians want a change. Yet, adopting more pro-business strategy, stimulating the economy, reducing bureaucracy, waste and corruption may not be feasible any time soon. It is difficult to predict what would be the president next step. Yet, based on the election pledges and recent speech we can expect: 

• Appointment of a new finance minister after dismissal  of Guido Mantega during the campaign;
• Continuation of the social programs like “Bolsa Familia” and “Minha Casa, Minha Vida”;
• Implementation of economic reforms aiming at keeping high level of employment and salaries growth;
• Inflation is expected to come back to the 6.5 percent target in the end of 2014 as the President is well known for her ‘anti-inflation policies’;
• More intervention by the central bank in the foreign exchange markets to protect the currency;
• Strengthen the relationships with Mercosur, Unasur and the Community of Latin America and Caribbean (CELAC) and solider the relations between Brazil and Africa, Asian countries and the Arab world;
• Continuation of the fight for a reform of major international organizations like the UN, the World Bank and the International Monetary Fund.

Carolina Cunha |
10/27/2014 4:49:17 PM

Recent Releases

Brazil May be Braced for a New Leader
The first round of Brazilian presidential elections was held on October 5th and no candidate got more than 50 percent of the votes. As a result, Dilma Rousseff - the current President and Aecio Neves – the leader of center right party will face up on October 26th for the second round. As Brazil’s growth wanes, the elections are dominated by economic agenda which include: tax reforms, foreign trade, inflation and central banks’ independence. Published on 2014-10-09

Who is Aecio Neves?
In the first round of Brazil's presidential election, current President Dilma Rousseff emerged as the front-runner with 41.4 percent of the vote. Yet, the second place surprised many as Aecio Neves - a senator from the state of Minas Gerais, ousted Marina Silva - an environmental leader, with 33.7 percent of the vote. Published on 2014-10-07

Calendar GMT Country Event Reference Actual Previous Consensus Forecast
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 -0.6% -0.2% (R) -0.4% -0.5%
2014-11-28 11:00 AM Brazil
GDP Growth Rate QoQ
Q3 2014 -0.6% 0.62%

Brazil GDP Last Previous Highest Lowest Unit
GDP 2245.67 2248.78 2476.69 15.17 USD Billion [+]
GDP Growth Rate -0.60 -0.20 4.50 -4.20 Percent [+]
GDP Annual Growth Rate -0.90 1.90 10.10 -3.15 Percent [+]
GDP Constant Prices 1271185.94 1204057.67 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 209804.87 213127.28 232041.19 31363.00 BRL Million [+]
GDP per capita PPP 14555.08 14323.14 14555.08 9777.23 USD [+]