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

The Gross Domestic Product (GDP) in Brazil expanded 0.30 percent in the fourth quarter of 2014 over the previous quarter. GDP Growth Rate in Brazil averaged 0.70 percent from 1996 until 2014, 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).

      Forecast    
Brazil GDP Growth Rate


Actual Previous Highest Lowest Dates Unit Frequency
0.30 0.20 4.50 -4.20 1996 - 2014 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 Sunday, March 29, 2015.


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.

On the expenditure side, consumer spending rose 1.1 percent, up from a 0.4 percent growth in the third quarter. On the other hand, government spending decreased 0.6 percent in the fourth quarter, after advancing 0.9 percent in the previous period. Exports fell 12.3 percent (+1.4 percent in Q3) while imports went down 5.5 percent (+2.5 percent). Meanwhile, gross fixed capital formation declined 0.4 percent, closing 2014 with negative results in all the quarters as high interest rates depressed investment. 

On the production side, agriculture expanded 1.8 percent, slowing from a 3.6 percent increase in the previous quarter. The services sector rose at a slower 0.3 percent pace and industry sector shrank 0.1 percent. 

Year-on-year, the economy contracted 0.2 percent, following a downwardly revised 0.6 percent drop in the previous quarter

IBGE | Carolina Cunha | carolina.cunha@tradingeconomics.com
3/27/2015 1:06:50 PM


Recent Releases

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


Calendar GMT Event Actual Previous Consensus Forecast (i)
2014-08-29 01:00 PM
GDP Growth Rate QoQ  Q2
-0.6% -0.2% (R) -0.4% -0.5%
2014-11-28 11:00 AM
GDP Growth Rate QoQ  Q3
0.1% -0.6% 0.3% 0.15%
2015-03-27 12:00 PM
GDP Growth Rate QoQ 
0.3% 0.2% (R) -0.1% -0.2%
2015-05-29 01:00 PM
GDP Growth Rate QoQ  Q1
0.3% -0.28%
2015-08-28 01:00 PM
GDP Growth Rate QoQ  Q2
0.2%
2015-12-01 11:00 AM
GDP Growth Rate QoQ  Q3
1.1%


Brazil GDP Last Previous Highest Lowest Unit
GDP 2245.67 2248.78 2476.69 15.17 USD Billion [+]
GDP Growth Rate 0.30 0.20 4.50 -4.20 percent [+]
GDP Annual Growth Rate -0.20 -0.60 10.10 -3.15 percent [+]
GDP Constant Prices 1289070.65 1271185.94 1293297.00 156930.00 BRL Million [+]
Gross National Product 1416560.35 1380316.81 1416560.35 140820.00 BRL Million [+]
GDP per capita 5823.04 5730.25 5823.04 1726.57 USD [+]
Gross Fixed Capital Formation 276993.32 279672.77 279672.77 31363.00 BRL Million [+]
GDP per capita PPP 14555.08 14323.14 14555.08 9777.23 USD [+]


GDP Growth Rate Reference Previous Highest Lowest Unit
Australia 0.50 Nov/14 0.40 4.50 -2.00 percent [+]
Brazil 0.30 Nov/14 0.20 4.50 -4.20 percent [+]
Canada 0.60 Nov/14 0.80 3.33 -1.80 percent [+]
China 1.50 Nov/14 1.90 2.50 1.40 percent [+]
Euro Area 0.30 Nov/14 0.20 1.30 -2.80 percent [+]
France 0.10 Nov/14 0.30 1.60 -1.70 percent [+]
Germany 0.70 Nov/14 0.10 2.10 -3.70 percent [+]
India 1.60 Nov/14 2.20 5.80 -1.90 percent [+]
Indonesia -2.06 Nov/14 3.16 3.82 -3.57 percent [+]
Italy 0.00 Nov/14 -0.10 6.00 -3.50 percent [+]
Japan 0.40 Nov/14 -0.60 3.20 -4.00 percent [+]
Mexico 0.70 Nov/14 0.50 2.90 -6.60 percent [+]
Netherlands 0.80 Nov/14 0.30 2.00 -2.20 percent [+]
Russia 0.04 Aug/14 0.14 4.10 -5.40 percent [+]
South Korea 0.30 Nov/14 0.80 6.80 -7.00 percent [+]
Spain 0.80 Feb/15 0.70 1.53 -1.60 percent [+]
Switzerland 0.60 Nov/14 0.70 1.90 -2.20 percent [+]
Turkey 0.40 Aug/14 -0.50 6.69 -7.57 percent [+]
United Kingdom 0.50 Nov/14 0.70 5.00 -2.70 percent [+]
United States 2.20 Nov/14 5.00 16.90 -10.00 percent [+]