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

The Brazilian economy shrank 0.3 percent on the quarter in the first three months of 2016, following a downwardly revised 1.3 percent contraction in the previous period and beating market expectations of 0.8 percent decline. It was the smallest drop since the first quarter of 2015, aided by rising exports and a rebound in government expenditure while consumer spending and investment continued to shrink. Year-on-year, the GDP fell 5.4 percent, easing from a 5.9 percent drop in the fourth quarter and beating market expectations of 6 percent decline. GDP Growth Rate in Brazil averaged 0.61 percent from 1996 until 2016, reaching an all time high of 3.50 percent in the third quarter of 1996 and a record low of -4.10 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
-0.30 -1.30 3.50 -4.10 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 June of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2015-12-01 11:00 AM Q3 -1.7% -2.1% -1.2% -1.3%
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 -0.3% -1.3%
2016-11-30 11:00 AM Q3 -0.5%
2017-03-07 11:00 AM Q4 -0.2%

Brazil Economy Contracts 0.3% in Q1


The Brazilian economy shrank 0.3 percent on the quarter in the first three months of 2016, following a downwardly revised 1.3 percent contraction in the previous period and beating market expectations of 0.8 percent decline. It was the smallest drop since the first quarter of 2015, aided by rising exports and a rebound in government expenditure while consumer spending and investment continued to shrink.

It was the fifth consecutive quarter of contraction, but the smallest in one year. Fixed investment fell for the tenth consecutive quarter by 2.7 percent (from -4.8 percent in Q4) and households' consumption expenditure dropped for the fifth straight quarter by 1.7 percent (from -0.9 percent); while government consumption expenditure increased by 1.1 percent (from -2.9 percent) and exports jumped 6.5 percent (from +0.1 percent in Q4). Imports shrank 5.6 percent (from -5.5 percent in Q4).

On the production side, the services sector fell at a slower 0.2 percent (from -1.5 percent in Q4), as retail trade (-1 percent), financial intermediation and insurance (-0.8 percent) and information services (-0.7 percent) showed the largest declines. Industry contracted 1.2 percent (from -1.6 percent in Q4), dragged down by mining (-1.1 percent) and manufacturing (-0.3 percent). Agriculture shrank 0.3 percent (from +2.9 percent in Q4).

Year-on-year, the GDP shrank 5.4 percent, easing from a 5.9 percent drop in the fourth quarter and beating market expectations of 6 percent decline.

IBGE | Joana Ferreira | joana.ferreira@tradingeconomics.com
6/1/2016 2:02:56 PM

Brazil GDP Last Previous Highest Lowest Unit
GDP Growth Rate -0.30 -1.30 3.50 -4.10 percent [+]
GDP Annual Growth Rate -5.40 -5.90 10.10 -5.90 percent [+]
GDP 2416.64 2465.77 2614.57 15.17 USD Billion [+]
GDP Constant Prices 282854.41 290321.91 314713.77 170920.00 BRL Million [+]
Gross National Product 1438150.00 1489781.98 1489781.98 264509.18 BRL Million [+]
Gross Fixed Capital Formation 249030.43 256807.91 291091.76 35403.16 BRL Million [+]
GDP per capita 5969.68 6010.79 6010.79 1706.13 USD [+]
GDP per capita PPP 15412.29 15518.43 15518.43 10104.07 USD [+]
GDP From Agriculture 21291.83 12544.53 21291.83 6929.35 BRL Million [+]
GDP From Construction 16835.46 17716.74 20687.17 10691.03 BRL Million [+]
GDP From Manufacturing 26839.82 29155.98 36931.79 21481.99 [+]
GDP From Mining 2208.69 2421.17 2576.20 1092.40 BRL Million [+]
GDP From Public Administration 38490.35 38915.11 40108.42 26076.65 BRL Million [+]
GDP From Services 170665.27 178277.39 186770.33 101509.08 BRL Million [+]
GDP From Transport 7775.76 8431.28 9459.30 4937.13 BRL Million [+]
GDP From Utilities 6129.25 6168.00 6327.85 3658.36 BRL Million [+]




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Germany 0.70 Mar/16
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Croatia 0.60 Apr/16
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Japan 0.50 Mar/16
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South Korea 0.50 Mar/16
Sweden 0.50 Mar/16
Czech Republic 0.40 Mar/16
Tunisia 0.40 Mar/16
United Kingdom 0.40 Mar/16
Bosnia and Herzegovina 0.30 Dec/15
Israel 0.30 Mar/16
Italy 0.30 Mar/16
Belgium 0.20 Mar/16
Colombia 0.20 Mar/16
Portugal 0.20 Mar/16
Singapore 0.20 Mar/16
Bahrain 0.10 Dec/15
Ecuador 0.10 Dec/15
Jamaica 0.10 Dec/15
Latvia 0.10 Mar/16
Switzerland 0.10 Mar/16
Uruguay 0.10 Mar/16
Estonia 0.00 Mar/16
Mauritius 0.00 Dec/15
Poland -0.10 Mar/16
Belize -0.25 Dec/15
Brazil -0.30 Mar/16
Indonesia -0.34 Mar/16
Hong Kong -0.40 Mar/16
Greece -0.50 Mar/16
Iceland -0.50 Mar/16
Qatar -0.50 Dec/15
Russia -0.57 Sep/15
Trinidad And Tobago -0.60 Dec/15
Ukraine -0.70 Mar/16
Hungary -0.80 Mar/16
South Africa -1.20 Mar/16
Namibia -1.60 Mar/16
Nigeria -13.70 Mar/16
Senegal -14.10 Mar/16