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

The GDP in Brazil shrank 1.7 percent on quarter in the three months to September of 2015, worse than market expectations. It is the third contraction in a row as investment shrank for the ninth straight quarter and household spending posted the third consecutive fall. GDP Growth Rate in Brazil averaged 0.65 percent from 1996 until 2015, 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
-1.70 -2.10 3.50 -4.10 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. Brazil GDP Growth Rate - actual data, historical chart and calendar of releases - was last updated on February of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
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 -1.7% -2.1% -1.2% -1.3%
2016-03-03 11:00 AM Q4 -1.7% -1.9%
2016-06-01 12:00 PM Q1 -1.9%
2016-08-31 12:00 PM Q2 -1.3%

Brazilian Economy Contracts 1.7%


The GDP in Brazil shrank 1.7 percent on quarter in the three months to September of 2015, worse than market expectations. It is the third contraction in a row as investment shrank for the ninth straight quarter and household spending posted the third consecutive fall.

Gross fixed capital formation slumped 4 percent, following a 6.6 percent fall in the second quarter and household consumption decreased 1.5 percent (-2.4 percent in Q2). Exports fell 1.8 percent after rising in the previous two periods and imports went down 6.9 percent (-8 percent in Q). In contrast, government expenditure grew for the second straight quarter, up 0.3 percent, following a 0.7 percent gain in the previous period. 

On the production side, manufacturing recorded the sharpest drop (-3.1 percent), followed by internal trade (-2.4 percent) and agriculture (-2.4 percent). The mining sector edged down 0.2 percent and construction fell 0.5 percent while the output for utilities rebounded 1 percent. 

Figures for the second quarter were revised to show the economy contracted at a faster 2.1 percent, compared to earlier estimates of a 1.9 percent fall.

Year-on-year, the GDP went down 4.5 percent in the third quarter of 2015. Considering the firts nine months of the year, the economy shrank 3.2 percent, the biggest fall ever.

Joana Taborda | joana.taborda@tradingeconomics.com
12/1/2015 12:02:36 PM

Brazil GDP Last Previous Highest Lowest Unit
GDP Growth Rate -1.70 -2.10 3.50 -4.10 percent [+]
GDP Annual Growth Rate -4.50 -3.00 10.10 -4.50 percent [+]
GDP 2346.12 2392.09 2615.19 15.17 USD Billion [+]
GDP Constant Prices 297446.01 296630.00 314713.77 170920.00 BRL Million [+]
Gross National Product 1446839.04 1398920.25 1446839.04 264509.18 BRL Million [+]
Gross Fixed Capital Formation 268429.88 267299.43 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 16964.27 19456.59 21182.59 6929.35 BRL Million [+]
GDP From Construction 17478.99 17177.08 20687.17 10691.03 BRL Million [+]
GDP From Manufacturing 31717.80 29915.84 36931.79 21481.99 [+]
GDP From Mining 2576.20 2517.17 2576.20 1092.40 BRL Million [+]
GDP From Public Administration 40108.42 39544.07 40108.42 26076.65 BRL Million [+]
GDP From Services 178943.56 178745.60 186770.33 101509.08 BRL Million [+]
GDP From Transport 8732.59 8399.40 9459.30 4937.13 BRL Million [+]
GDP From Utilities 5907.21 5475.71 6327.85 3658.36 BRL Million [+]




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Euro Area 0.30 Sep/15
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Japan 0.30 Sep/15
Netherlands 0.30 Dec/15
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Dominican Republic 0.20 Sep/15
France 0.20 Dec/15
Italy 0.20 Sep/15
Bosnia and Herzegovina 0.10 Sep/15
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Tunisia 0.10 Sep/15
Portugal 0.00 Sep/15
Switzerland 0.00 Sep/15
Latvia -0.01 Dec/15
Ecuador -0.30 Jun/15
Taiwan -0.30 Sep/15
Denmark -0.40 Sep/15
Serbia -0.40 Sep/15
Finland -0.50 Sep/15
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Greece -0.90 Sep/15
Jamaica -1.20 Sep/15
Belize -1.40 Sep/15
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Moldova -2.50 Sep/15
Botswana -3.70 Sep/15
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