Brazil GDP Growth Rate  1996-2016 | Data | Chart | Calendar | Forecast

The Brazilian economy shrank 0.8 percent on quarter in the three months to September of 2016, in line with market expectations. It is the seventh straight quarter of contraction as consumer spending continued to fall and public expenditure and investment shrank. Year-on-year, the economy contracted 2.9 percent, compared to expectations of a 3.2 percent decline. GDP Growth Rate in Brazil averaged 0.59 percent from 1996 until 2016, reaching an all time high of 4 percent in the third quarter of 1996 and a record low of -4.10 percent in the fourth quarter of 2008.

Brazil GDP Growth Rate
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Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-06-01 12:00 PM Q1 -0.3% -1.3% -0.8% -1.2%
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 11:00 AM Q4 -0.8% -0.2%
2017-06-01 12:00 PM Q1 -0.54%
2017-08-31 12:00 PM Q2 -0.61%




Brazil GDP Contracts For 7th Quarter


The Brazilian economy shrank 0.8 percent on quarter in the three months to September of 2016, in line with market expectations. It is the seventh straight quarter of contraction as consumer spending continued to fall and public expenditure and investment shrank.

Consumer spending went down 0.6 percent, following a 1 percent fall in the previous three months, marking the seventh straight quarter of declines. Public expenditure declined 0.3 percent after being flat in the previous quarter and gross fixed capital formation shrank 3.1 percent after rising 0.5 percent in the previous period, the first gain in more than two years . In addition, exports fell at a faster 2.8 percent (-1.8 percent in the previous period) and imports came back to contraction (-3.1 percent compared to 2.8 percent in the previous period).

On the production side, industrial output came back to contraction (-1.3 percent compared to 1.2 percent in the previous period), due to a slump in manufacturing (-2.1 percent from 0.1 percent), utilities (-0.2 percent from 1.2 percent) and construction (-1.7 percent from -1.5 percent) while mining rose 3.8 percent (1.4 percent in the previous period). Services shrank 0.6 percent, the same as in the previous period, marking the seventh straight quarter of decline. Agriculture fell 1.4 percent (-0.8 percent in the previous period). 

Contraction for the second quarter was revised down to 0.4 percent from 0.6 percent.

Year-on-year, the economy shrank 2.9 percent, compared to expectations of a 3.2 percent decline. 

IBGE | Joana Taborda | joana.taborda@tradingeconomics.com
11/30/2016 12:07:49 PM



Brazil GDP Last Previous Highest Lowest Unit
GDP Growth Rate -0.80 -0.40 4.00 -4.10 percent [+]
GDP Annual Growth Rate -2.90 -3.60 10.10 -5.80 percent [+]
GDP 1774.72 2417.05 2614.57 15.17 USD Billion [+]
GDP Constant Prices 290134.77 287368.94 314900.94 170920.00 BRL Million [+]
Gross National Product 1506742.22 1438099.87 1506742.22 264509.18 BRL Million [+]
Gross Fixed Capital Formation 260490.16 260048.91 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 16436.16 19161.61 22592.27 6923.17 BRL Million [+]
GDP From Construction 16801.28 16616.30 20192.92 10342.31 BRL Million [+]
GDP From Manufacturing 30071.50 28361.36 37408.43 21655.49 [+]
GDP From Mining 2552.90 2373.99 2586.44 1096.77 BRL Million [+]
GDP From Public Administration 39836.72 39814.02 39898.23 26246.88 BRL Million [+]
GDP From Services 175640.73 173973.69 188042.35 100853.26 BRL Million [+]
GDP From Transport 8037.42 7848.89 9389.86 5031.39 BRL Million [+]
GDP From Utilities 6213.34 6332.84 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 December of 2016.

Actual Previous Highest Lowest Dates Unit Frequency
-0.80 -0.40 4.00 -4.10 1996 - 2016 percent Quarterly



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Euro Area 0.30 Sep/16
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Italy 0.30 Sep/16
Japan 0.30 Sep/16
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France 0.20 Sep/16
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Latvia 0.20 Sep/16
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Australia -0.50 Sep/16
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Bolivia -0.56 Mar/16
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Botswana -1.30 Jun/16
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Dominican Republic -1.67 Mar/16
Singapore -2.00 Sep/16
Argentina -2.10 Jun/16
Senegal -2.50 Jun/16
Trinidad And Tobago -3.90 Mar/16
Namibia -6.20 Jun/16