Brazil GDP Annual Growth Rate

The Gross Domestic Product (GDP) in Brazil expanded 1.90 percent in the first quarter of 2014 over the same quarter of the previous year. GDP Annual Growth Rate in Brazil averaged 3.09 Percent from 1991 until 2014, reaching an all time high of 10.10 Percent in the first quarter of 1995 and a record low of -3.15 Percent in the first quarter of 1992. GDP Annual Growth Rate in Brazil is reported by the Instituto Brasileiro de Geografia e Estatística (IBGE).

   
 
  LIST  
 EXPORT DATA  API

Brazil GDP Annual Growth Rate


Actual Previous Highest Lowest Dates Unit Frequency
1.90 2.20 10.10 -3.15 1991 - 2014 Percent Quarterly
Brazil is the seventh largest economy in the world and the largest in Latin America. The Services sector is the most important and accounts for 69 percent to total GDP. The biggest segments within Services are: government, education and health (17 percent of total GDP); other services (16 percent); wholesale and retail trade (13 percent); real estate (8 percent) and business and financial services (7 percent). Industry constitutes 26 percent of the GDP and the largest segments within this sector are: manufacturing (13 percent of total GDP); construction (6 percent) and mining (4 percent). The Agriculture sector accounts for the remaining 5 percent of GDP. This page provides - Brazil GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.


Brazil GDP Growth Slows in Q1


Brazilian economy expanded 1.9 percent year-on-year in the first three months of 2014, down from an upwardly revised 2.2 increase in the previous quarter, as higher government spending offset a drop in investment.

On the production side, agriculture accelerated for the second consecutive quarter to 2.8 percent year-on-year, boosted by higher production of soybeans (6.3 percent), rice (7.7 percent), cotton (23.5 percent) and tobacco (0.4 percent). Industrial output rose at a slower 0.8 percent, hurt by a 0.5 percent fall in manufacturing and a 0.9 percent drop in construction. The services sector grew 2 percent year-on-year, slightly up from a 1.9 percent expansion in the previous quarter. Information services recorded the highest growth rate (4.4 percent).

On the expenditure side, gross fixed capital formation contracted 2.1 percent, following a 4 percent increase in the previous quarter. Exports rose 2.8 percent and government expenditure increased 3.4 percent. Meanwhile, household consumption increased 2.2 percent.

On a quarter-on-quarter basis, the GDP advanced 0.2 percent.

Joana Taborda | joana.taborda@tradingeconomics.com
5/30/2014 4:56:59 PM


Recent Releases

Brazil GDP Growth Beats Expectations in Q4
In the last three months of 2013, Brazilian economy advanced 1.9 percent over a year earlier, beating market expectations, but slowing from a 2.2 percent expansion in the previous quarter. Recession fears were allayed as the economy advanced 0.7 percent on a quarter basis. Published on 2014-02-27

Brazilian GDP Grows Below Expectations in Q3
In the third quarter of 2013, Brazil’s GDP growth slowed to a weaker-than-expected 2.2 percent year-on-year, after expanding 3.3 percent in the previous three-month period. A surge in government spending was not enough to offset a slowdown in exports and investment. Published on 2013-12-03


Calendar GMT Country Event Reference Actual Previous Consensus Forecast
2013-08-30 01:00 PM Brazil
GDP Growth Rate YoY
Q2 2013 3.3% 1.9% 1.96%
2013-12-03 11:00 AM Brazil
GDP Growth Rate YoY
Q3 2013 2.2% 3.3% 2.5% 3.29%
2014-02-27 12:00 PM Brazil
GDP Growth Rate YoY
Q4 2013 1.9% 2.2% 1.6% 1.18%
2014-05-30 01:00 PM Brazil
GDP Growth Rate YoY
Q1 2014 1.9% 2.2% (R) 2.1% 2%
2014-08-29 01:00 PM Brazil
GDP Growth Rate YoY
Q2 2014 1.9% 2.33%


GDP Last Previous Highest Lowest Unit
GDP 2245.67 2248.78 2476.69 15.17 USD Billion [+]
GDP Growth Rate 0.20 0.40 4.50 -4.20 Percent [+]
GDP Annual Growth Rate 1.90 2.20 10.10 -3.15 Percent [+]
GDP Constant Prices 1204057.67 1293297.00 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 213127.28 225542.05 232041.19 31363.00 BRL Million [+]
GDP per capita PPP 10263.89 10264.01 10264.01 6557.05 USD [+]





Overview    |     Worldbank    |     Calendar    |     Countries    |     Indicators    |     News