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

The Brazilian economy shrank 0.6 percent on quarter in the three months to June of 2016, following an upwardly revised 0.4 percent decline in the previous period and worse than market expectations of a 0.5 percent drop. It is the sixth straight quarter of contraction although investment rose for the first time in nearly three years. GDP Growth Rate in Brazil averaged 0.60 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 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
Receive the next reported value for Brazil GDP Growth Rate in you Inbox



We will not not share your email with third parties and you can unsubscribe at any time.
Please Paste this Code in your Website

Actual Previous Highest Lowest Dates Unit Frequency
-0.60 -0.40 4.00 -4.00 1996 - 2016 percent Quarterly
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 October of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-03-03 12:00 PM Q4 -1.4% -1.7% -1.5% -1.9%
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 -0.6% -0.3%
2017-03-07 11:00 AM Q4 -0.2%

Brazil GDP Contracts 0.6% QoQ in Q2


The Brazilian economy shrank 0.6 percent on quarter in the three months to June of 2016, following an upwardly revised 0.4 percent decline in the previous period and worse than market expectations of a 0.5 percent drop. It is the sixth straight quarter of contraction although investment rose for the first time in nearly three years.

On the expenditure side, household spending went down 0.7 percent, following a 1.3 percent drop in the previous quarter. Government consumption was down 0.5 percent, reversing from a 1 percent rise in the previous quarter. 

In contrast, gross fixed capital formation went up 0.4 percent, the first gain since the third quarter of 2013. Exports increased for the second straight quarter, up 0.4 percent, following a 4.3 percent rise in the previous period. Imports rose 4.5 percent, the first gain in five quarters.

Year-on-year, the GDP shrank 3.8 percent. 

IBGE | Joana Taborda | joana.taborda@tradingeconomics.com
8/31/2016 4:34:42 PM

Brazil GDP Last Previous Highest Lowest Unit
GDP Growth Rate -0.60 -0.40 4.00 -4.00 percent [+]
GDP Annual Growth Rate -3.80 -5.40 10.10 -5.90 percent [+]
GDP 1774.72 2417.05 2614.57 15.17 USD Billion [+]
GDP Constant Prices 285391.93 282854.41 314713.77 170920.00 BRL Million [+]
Gross National Product 1506742.22 1438099.87 1506742.22 264509.18 BRL Million [+]
Gross Fixed Capital Formation 256741.09 249030.43 291091.76 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 19178.46 21291.83 22114.56 6923.17 BRL Million [+]
GDP From Construction 16625.91 16835.46 20194.86 10342.31 BRL Million [+]
GDP From Manufacturing 28543.73 26839.82 37408.43 21655.49 [+]
GDP From Mining 2374.28 2208.69 2576.20 1096.77 BRL Million [+]
GDP From Public Administration 39642.80 38490.35 40108.42 26246.88 BRL Million [+]
GDP From Services 172179.63 170665.27 187102.84 100853.26 BRL Million [+]
GDP From Transport 7884.02 7775.76 9458.46 5031.39 BRL Million [+]
GDP From Utilities 6267.06 6129.25 6362.60 3667.91 BRL Million [+]




Last
Bangladesh 7.05 Dec/16
Venezuela 6.80 Dec/13
Vietnam 6.40 Sep/16
Angola 4.90 Dec/15
Cape Verde 4.50 Dec/14
Morocco 4.50 Dec/15
Pakistan 4.24 Dec/15
Indonesia 4.02 Jun/16
Algeria 4.00 Dec/14
Macedonia 3.90 Mar/14
United Arab Emirates 3.90 Dec/15
Egypt 3.80 Dec/15
South Africa 3.30 Jun/16
Sri Lanka 2.60 Jun/16
Paraguay 2.50 Jun/16
Iceland 2.10 Jun/16
China 1.80 Jun/16
Philippines 1.80 Jun/16
Costa Rica 1.75 Mar/16
Hong Kong 1.60 Jun/16
Jamaica 1.60 Jun/16
El Salvador 1.55 Dec/15
Romania 1.50 Jun/16
Saudi Arabia 1.50 Mar/16
Tanzania 1.50 Sep/10
India 1.40 Jun/16
Mongolia 1.40 Jun/16
United States 1.40 Jun/16
Bosnia and Herzegovina 1.30 Mar/16
Kazakhstan 1.26 Dec/13
Albania 1.20 Mar/16
Bahrain 1.20 Jun/16
Ghana 1.10 Mar/16
Hungary 1.00 Jun/16
Israel 1.00 Jun/16
Czech Republic 0.90 Jun/16
Mauritius 0.90 Mar/16
New Zealand 0.90 Jun/16
Poland 0.90 Jun/16
Slovakia 0.90 Jun/16
Nigeria 0.82 Jun/16
South Korea 0.80 Jun/16
Spain 0.80 Jun/16
Thailand 0.80 Jun/16
Bulgaria 0.70 Jun/16
Cyprus 0.70 Jun/16
Luxembourg 0.70 Mar/16
Malaysia 0.70 Jun/16
United Kingdom 0.70 Jun/16
Ireland 0.60 Jun/16
Latvia 0.60 Jun/16
Moldova 0.60 Jun/16
Netherlands 0.60 Jun/16
Switzerland 0.60 Jun/16
Ukraine 0.60 Jun/16
Australia 0.50 Jun/16
Belgium 0.50 Jun/16
Croatia 0.50 Jun/16
Estonia 0.50 Jun/16
Slovenia 0.50 Jun/16
Sweden 0.50 Jun/16
Denmark 0.40 Jun/16
European Union 0.40 Jun/16
Germany 0.40 Jun/16
Austria 0.30 Jun/16
Cameroon 0.30 Mar/16
Euro Area 0.30 Jun/16
Portugal 0.30 Jun/16
Singapore 0.30 Jun/16
Turkey 0.30 Jun/16
Colombia 0.20 Jun/16
Greece 0.20 Jun/16
Japan 0.20 Jun/16
Lithuania 0.20 Jun/16
Malta 0.20 Jun/16
Tunisia 0.20 Jun/16
Taiwan 0.15 Jun/16
Belize 0.05 Jun/16
Finland 0.00 Jun/16
Italy 0.00 Jun/16
Mozambique 0.00 Jun/16
Norway 0.00 Jun/16
Peru 0.00 Mar/16
Serbia 0.00 Jun/16
Uruguay 0.00 Jun/16
France -0.10 Jun/16
Mexico -0.20 Jun/16
Canada -0.40 Jun/16
Chile -0.40 Jun/16
Bolivia -0.56 Mar/16
Russia -0.57 Sep/15
Brazil -0.60 Jun/16
Botswana -1.30 Jun/16
Uganda -1.30 Mar/16
Kenya -1.40 Mar/16
Rwanda -1.40 Jun/16
Dominican Republic -1.67 Mar/16
Ecuador -1.90 Mar/16
Argentina -2.10 Jun/16
Senegal -2.50 Jun/16
Qatar -2.60 Mar/16
Trinidad And Tobago -3.90 Mar/16
Namibia -6.20 Jun/16