Brazil GDP Growth Rate

The Gross Domestic Product (GDP) in Brazil expanded 0.70 percent in the fourth quarter of 2013 over the previous quarter. GDP Growth Rate in Brazil is reported by the Instituto Brasileiro de Geografia e Estatística (IBGE). GDP Growth Rate in Brazil averaged 0.74 Percent from 1996 until 2013, 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. 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. 2014-04-19

Actual Previous Highest Lowest Forecast Dates Unit Frequency
0.70 -0.50 4.50 -4.20 0.16 | 2014/03 1996 - 2013 Percent Quarterly

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Brazil GDP Growth Rate
LIST BY COUNTRY


CALENDAR GMT Country Event Reference Actual Previous Consensus Forecast
2013-05-29 01:00 PM Brazil
GDP Growth Rate QoQ
Q1 2013 0.6% 0.6% 0.75% 0.80%
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 0.7% 0.16%
2014-08-29 01:00 PM Brazil
GDP Growth Rate QoQ
Q2 2014 0.28%
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GDP Last Previous Highest Lowest Forecast Unit
GDP per capita 5721.23 2012-12-31 5721.29 5721.29 1726.57 5774.38 2013-12-31 USD [+]
GDP per capita PPP 10263.89 2012-12-31 10264.01 10264.01 6557.05 10356.67 2013-12-31 USD [+]
GDP Constant Prices 1290507.33 2013-11-15 1213440.18 1290507.33 156930.00 1296289.85 2014-03-31 BRL Million [+]
Gross Fixed Capital Formation 227845.55 2013-11-15 232041.19 232041.19 31363.00 237626.28 2014-03-31 BRL Million [+]
Gross National Product 1259649.98 2013-11-15 1199092.11 1259649.98 140820.00 1272939.29 2014-03-31 BRL Million [+]
GDP Growth Rate 0.70 2013-12-31 -0.50 4.50 -4.20 0.16 2014-03-31 Percent [+]
GDP Annual Growth Rate 1.90 2013-12-31 2.20 10.10 -3.15 3.58 2014-03-31 Percent [+]
GDP 2435.20 2012-12-31 2444.90 2825.50 72.30 2451.01 2013-12-31 USD Billion [+]
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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.

On the production side, the services sector rose 0.7 percent on a quarter-on-quarter seasonally adjusted basis, mainly due to information services (4.8 percent). Finance and insurance advanced 2 percent, retail 0.8 percent, transport 0.4 percent and real estate 0.2 percent.

Agriculture showed no growth in the review quarter and industrial production dropped 0.2 percent. While manufacturing shrank by 0.9 percent, mining fell 0.1 percent and construction showed no growth. In contrast, electricity, water and gas supply rose 1.4 percent. 

On the expenditure side, exports recorded the highest growth rate (4.1 percent), followed by government spending (0.8 percent) household consumption (0.7 percent) and investment (0.3 percent). Imports fell 0.1 percent. 

Compared with the same quarter in 2012, the economy advanced 1.9 percent, better than market expectations, but lower than 2.2 percent in the previous quarter. 

Joana Taborda | joana.taborda@tradingeconomics.com
2/27/2014 1:14:10 PM

RECENT RELEASES

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

Brazilian GDP Growth Accelerates to 1.5% QoQ in Q2
In the second quarter of 2013, Brazilian GDP accelerated to its fastest pace in three years. The economy expanded a seasonally adjusted 1.5 percent over the previous quarter, boosted by higher exports and agricultural production. Published on 2013-08-30


GDP Growth Rate | Notes
The GDP Growth Rate shows a percentage change in the seasonally adjusted GDP value in the certain quarter, compared to the previous quarter. Because of climatic conditions and holidays, the intensity of the production varies throughout the year. This makes a direct comparison of two consecutive quarters difficult. In order to adjust for these conditions, many countries calculate the quarterly GDP using so called seasonally adjusted method. The Gross Domestic Product can be determined using three different approaches: the product, the income, and the expenditure technique, which should give the same result. In sum, the product technique sums the outputs of every class of enterprise. The expenditure technique works on the principle that every product must be bought by somebody, therefore the value of the total product must be equal to people's total expenditures in buying products and services. The income technique works on the principle that the incomes of the productive factors must be equal to the value of their product, and determines GDP by finding the sum of all producers' incomes.


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