Brazil GDP Growth Rate 1996-2015 | Data | Chart | Calendar | Forecast

The Gross Domestic Product (GDP) in Brazil contracted 0.20 percent in the first quarter of 2015 over the previous quarter. GDP Growth Rate in Brazil averaged 0.69 percent from 1996 until 2015, 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
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Actual Previous Highest Lowest Dates Unit Frequency
-0.20 0.30 4.50 -4.20 1996 - 2015 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 Saturday, August 1, 2015.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2014-11-28 11:00 AM Q3 0.1% -0.6% 0.3% 0.15%
2015-03-27 12:00 PM 0.3% 0.2% (R) -0.1% -0.2%
2015-05-29 01:00 PM Q1 -0.2% 0.3% -0.5% -0.28%
2015-08-28 01:00 PM Q2 -0.2% 0.34%
2015-12-01 11:00 AM Q3 0.58%


Brazil GDP Shrinks 0.2% in Q1


The Brazilian economy contracted 0.2 percent on quarter in the first three months of 2015, less than market forecasts but down from a 0.3 percent expansion in the previous period. Gains in exports were not enough to offset a decline in domestic demand and investments.

Household spending contracted the most by 1.5 percent compared to a 1.1 percent growth in the previous quarter. Government spending shrank by 1.3 percent (-0.9 perent in Q4). Gross fixed capital formation decreased by 1.3 percent (-0.6 percent in Q4). Exports grew by 5.7 percent recovering from 4.4 percent contraction in Q4 and imports rose 1.2 percent (-4.9 percent in Q4).

On the production side, the services sector fell 0.7 percent with transportation and storage recording the highest drop (-2.1 percent) while internal trade decreased 0.4 percent. The industrial sector contracted 0.3 percent, hurt by a 1.6 percent fall in manufacturing and a 4.3 percent decrease in electricity, water and gas production. In contrast, mining rose 3.3 percent and construction went up 1.1 percent. Agriculture surged 4.7 percent.

Year-on-year, the economy shrank 1.6 percent, the fourth consecutive contraction.

Joana Taborda | joana.taborda@tradingeconomics.com
5/29/2015 2:20:53 PM


Recent Releases

Brazil's Economic Growth Surprises in Q4
Brazilian GDP expanded 0.3 percent on quarter in the three months to December of 2014 compared to upwardly revised 0.2 percent growth in the previous period. Better than expected expansion was driven by consumer spending while investment, government expenditure and exports declined.
Published on 2015-03-27

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.
Published on 2014-11-28

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.
Published on 2014-10-27

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


Brazil GDP Last Previous Highest Lowest Unit
GDP 2346.12 2392.09 2615.19 15.17 USD Billion [+]
GDP Growth Rate -0.20 0.30 4.50 -4.20 percent [+]
GDP Annual Growth Rate -1.60 -0.20 10.10 -3.15 percent [+]
GDP Constant Prices 298902.80 308332.41 313662.20 171563.47 BRL Million [+]
Gross National Product 1384541.28 1412265.92 1412265.92 264509.18 BRL Million [+]
GDP per capita 5969.68 6010.79 6010.79 1706.13 USD [+]
Gross Fixed Capital Formation 276736.45 276993.32 279672.77 35738.74 BRL Million [+]
GDP per capita PPP 15412.29 15518.43 15518.43 10104.07 USD [+]
GDP From Agriculture 21182.59 12295.04 21182.59 6929.35 BRL Million [+]
GDP From Construction 18446.33 19128.70 20687.17 10691.03 BRL Million [+]
GDP From Manufacturing 29727.07 33007.97 36931.79 21481.99 [+]
GDP From Mining 2458.93 2525.47 2525.47 1092.40 BRL Million [+]
GDP From Public Administration 177525.31 186770.33 186770.33 101509.08 [+]
GDP From Services 177525.31 186770.33 186770.33 101509.08 BRL Million [+]
GDP From Transport 8428.10 9252.09 9459.30 4937.13 BRL Million [+]
GDP From Utilities 5569.57 5856.40 6327.85 3658.36 BRL Million [+]


GDP Growth Rate Reference Previous Highest Lowest Unit
Australia 0.90 Mar/15 0.50 4.50 -2.00 percent [+]
Brazil -0.20 Mar/15 0.30 4.50 -4.20 percent [+]
Canada -0.10 Mar/15 0.60 3.33 -1.80 percent [+]
China 1.70 Jun/15 1.40 2.50 1.40 percent [+]
Euro Area 0.40 Mar/15 0.40 1.30 -2.90 percent [+]
France 0.60 Mar/15 0.10 7.70 -5.00 percent [+]
Germany 0.30 Mar/15 0.70 2.10 -3.70 percent [+]
India 4.10 Mar/15 3.10 7.40 -3.40 percent [+]
Indonesia -0.18 Mar/15 -2.06 3.83 -3.57 percent [+]
Italy 0.30 Mar/15 0.00 6.00 -3.50 percent [+]
Japan 1.00 Mar/15 0.30 3.20 -4.00 percent [+]
Mexico 0.40 Mar/15 0.70 2.90 -6.60 percent [+]
Netherlands 0.60 Mar/15 0.90 2.00 -2.20 percent [+]
Russia -1.29 Mar/15 -0.55 4.10 -5.40 percent [+]
South Korea 0.30 Jun/15 0.80 6.80 -7.00 percent [+]
Spain 1.00 Jun/15 0.90 1.60 -1.60 percent [+]
Switzerland -0.20 Mar/15 0.50 1.90 -2.20 percent [+]
Turkey 1.30 Mar/15 0.80 6.69 -7.57 percent [+]
United Kingdom 0.70 Jun/15 0.40 5.00 -2.70 percent [+]
United States 2.30 Jun/15 -0.20 16.90 -10.00 percent [+]