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

The Gross Domestic Product (GDP) in Brazil contracted 1.90 percent in the second quarter of 2015 over the previous quarter. GDP Growth Rate in Brazil averaged 0.68 percent from 1996 until 2015, reaching an all time high of 3.90 percent in the third quarter of 1996 and a record low of -3.90 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
-1.90 -0.70 3.90 -3.90 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 Monday, August 31, 2015.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
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 -1.9% -0.7% -1.7% -1.0%
2015-12-01 11:00 AM Q3 -1.9% -0.2%


Brazil’s Recession Deepens in Q2


The Brazilian economy shrank 1.9 percent on quarter in the three months to June, much worse than market expectations and following a downwardly revised 0.7 percent contraction in the first quarter. It is the worst performance since the last quarter of 2008, as a rise in exports was not able to offset a slump in private consumption and investment.

Gross fixed capital formation fell 8.1 percent, eighth straight quarter of decline. Household consumption dropped 2.1 percent while government spending went up 0.7 percent. Exports rose 3.4 percent and imports fell 8.8 percent. 

On the production side, industrial production fell 4.3 percent, led by a drop in construction (-8.4 percent), manufacturing (-3.7 percent) and electricity, water, gas and sewerage (-1.5 percent). In contrast, mining production went up 0.3 percent. The services sector contracted 0.7 percent, driven by lower internal trade (-3.3 percent), transportation (-2 percent), information (-1.3 percent) and financial intermediation and insurance (-0.2 percent) while real estate activities rose a meager 0.3 percent. In addition, agricultural production decreased 2.7 percent. 

Figures for the first quarter of 2015 were revised to show 0.7 percent contraction instead of a 0.2 percent drop initially reported. 

Year-on-year, the economy shrank by 2.6 percent, fifth straight period of contraction.

Joana Taborda | joana.taborda@tradingeconomics.com
8/28/2015 2:25:16 PM


Recent Releases

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.
Published on 2015-05-29

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 GDP Last Previous Highest Lowest Unit
GDP 2346.12 2392.09 2615.19 15.17 USD Billion [+]
GDP Growth Rate -1.90 -0.70 3.90 -3.90 percent [+]
GDP Annual Growth Rate -2.60 -1.60 10.10 -3.15 percent [+]
GDP Constant Prices 296880.00 298902.80 313662.20 171563.47 BRL Million [+]
Gross National Product 1398920.25 1384541.28 1412265.92 264509.18 BRL Million [+]
GDP per capita 5969.68 6010.79 6010.79 1706.13 USD [+]
Gross Fixed Capital Formation 254225.62 276736.46 279672.78 35738.74 BRL Million [+]
GDP per capita PPP 15412.29 15518.43 15518.43 10104.07 USD [+]
GDP From Agriculture 19456.59 21182.59 21182.59 6929.35 BRL Million [+]
GDP From Construction 17177.08 18446.33 20687.17 10691.03 BRL Million [+]
GDP From Manufacturing 29915.84 29727.07 36931.79 21481.99 [+]
GDP From Mining 2517.17 2458.93 2525.47 1092.40 BRL Million [+]
GDP From Public Administration 39544.07 38287.86 39544.07 26076.65 BRL Million [+]
GDP From Services 178745.60 177525.31 186770.33 101509.08 BRL Million [+]
GDP From Transport 8399.40 8428.10 9459.30 4937.13 BRL Million [+]
GDP From Utilities 5475.71 5569.57 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 -1.90 Jun/15 -0.70 3.90 -3.90 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 0.30 Jun/15 0.40 1.30 -2.90 percent [+]
France 0.00 Jun/15 0.60 7.70 -5.00 percent [+]
Germany 0.40 Jun/15 0.30 2.00 -4.50 percent [+]
India 2.06 Mar/15 1.36 5.30 -1.70 percent [+]
Indonesia 3.78 Jun/15 -0.18 3.83 -3.57 percent [+]
Italy 0.20 Jun/15 0.30 6.00 -3.50 percent [+]
Japan -0.40 Jun/15 1.00 3.20 -4.00 percent [+]
Mexico 0.50 Jun/15 0.40 2.90 -6.60 percent [+]
Netherlands 0.10 Jun/15 0.60 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 Jun/15 -0.20 2.10 -1.90 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 3.70 Jun/15 0.60 16.90 -10.00 percent [+]