Brazil GDP Growth Rate 1996-2014 | Data | Chart | Calendar | Forecast

The Gross Domestic Product (GDP) in Brazil contracted 0.60 percent in the second quarter of 2014 over the previous quarter. GDP Growth Rate in Brazil averaged 0.72 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).

   
 
 

Brazil GDP Growth Rate


Actual Previous Highest Lowest Dates Unit Frequency
-0.60 -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 Wednesday, September 24, 2014.


Brazilian Economy Slides Into Recession


Brazilian GDP contracted a seasonally adjusted 0.6 percent in the second quarter of 2014, hurt by a fall in investment and government expenditure. Growth figures for the first three months of the year were revised to show a 0.2 percent fall instead of a 0.2 percent expansion.

On the expenditure side, household consumption grew 0.3 percent, rebounding from a 0.2 percent fall in the first quarter. Exports increased 2.8 percent, following a 3.8 percent drop in the previous period. Gross fixed capital formation contracted for the fourth straight quarter by 5.3 percent, after shrinking by 2.8 percent tin the first there months of the year. Government consumption fell 0.7 percent (+0.4 percent in Q1) and imports contracted 2.1 percent. 

On the production side, the construction sector fell the most (-2.9 percent), followed by manufacturing (-2.4 percent), retail trade (-2.2 percent) and electricity, water and gas supply (-1 percent).

Year-on-year, the GDP shrank 0.9 percent in the April to June period, following a 1.9 percent expansion in the first three months of 2014. 

IBGE | Joana Taborda | joana.taborda@tradingeconomics.com
8/29/2014 1:25:14 PM


Recent Releases

Brazilian Economy Fails to Recover
After expanding meager 0.2 percent in the first quarter of 2014, the Brazilian economy is likely to contract from April to June. While high inflation and interest rate keep on constraining household consumption, strong rise in production costs hampers investments. Published on 2014-08-04

Brazil Economy Advances 0.2% QoQ in Q1
In the first quarter of 2014, Brazilian economy expanded 0.2 percent on a quarter-on-quarter seasonally adjusted basis, slowing from a revised 0.4 percent expansion in the previous period. Growth was flooded by government spending while household consumption, investment and exports fell. Published on 2014-05-30


Calendar GMT Country Event Reference Actual Previous Consensus Forecast
2013-12-03 11:00 AM Brazil
GDP Growth Rate QoQ
Q3 2013 -0.5% 1.8% (R) -0.2% 1.34%
2014-02-27 12:00 PM Brazil
GDP Growth Rate QoQ
Q4 2013 0.7% -0.5% 0.3% 0.1%
2014-05-30 01:00 PM Brazil
GDP Growth Rate QoQ
Q1 2014 0.2% 0.4% (R) 0.2% 0.16%
2014-08-29 01:00 PM Brazil
GDP Growth Rate QoQ
Q2 2014 -0.6% -0.2% (R) -0.4% -0.5%
2014-11-28 11:00 AM Brazil
GDP Growth Rate QoQ
Q3 2014 -0.6% 0.62%


GDP Last Previous Highest Lowest Unit
GDP 2245.67 2248.78 2476.69 15.17 USD Billion [+]
GDP Growth Rate -0.60 -0.20 4.50 -4.20 Percent [+]
GDP Annual Growth Rate -0.90 1.90 10.10 -3.15 Percent [+]
GDP Constant Prices 1271185.94 1204057.67 1293297.00 156930.00 BRL Million [+]
Gross National Product 1182880.22 1262434.87 1262434.87 140820.00 BRL Million [+]
GDP per capita 5823.04 5730.25 5823.04 1726.57 USD [+]
Gross Fixed Capital Formation 209804.87 213127.28 232041.19 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 Jun/14 1.10 4.50 -2.00 Percent [+]
Brazil -0.60 Jun/14 -0.20 4.50 -4.20 Percent [+]
Canada 0.80 Jun/14 0.20 3.33 -1.80 Percent [+]
China 2.00 Jun/14 1.50 2.50 1.40 Percent [+]
Euro Area 0.00 Jun/14 0.20 1.30 -2.80 Percent [+]
France 0.00 Jun/14 0.00 1.60 -1.70 Percent [+]
Germany -0.20 Jun/14 0.70 2.10 -3.70 Percent [+]
India 1.20 Jun/14 1.90 5.80 -1.90 Percent [+]
Indonesia 2.47 Jun/14 0.97 3.82 -3.57 Percent [+]
Italy -0.20 Jun/14 -0.10 6.00 -3.50 Percent [+]
Japan -1.80 Jun/14 1.50 3.20 -4.00 Percent [+]
Mexico 1.00 Jun/14 0.44 2.90 -6.60 Percent [+]
Netherlands 0.50 Jun/14 -0.40 2.00 -2.20 Percent [+]
Russia -0.30 Mar/14 0.30 4.10 -5.40 Percent [+]
South Korea 0.50 Jun/14 0.90 6.80 -7.00 Percent [+]
Spain 0.60 Jun/14 0.40 1.53 -1.60 Percent [+]
Switzerland 0.00 Jun/14 0.50 1.90 -2.20 Percent [+]
Turkey -0.50 Jun/14 1.80 6.69 -7.57 Percent [+]
United Kingdom 0.80 Jun/14 0.80 5.30 -2.50 Percent [+]
United States 4.20 Jun/14 -2.10 16.90 -10.00 Percent [+]





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