Brazil GDP Annual Growth Rate  1991-2016 | Data | Chart | Calendar

The Brazilian economy contracted 5.9 percent year-on-year in the last quarter of 2015 accelerating from a 4.5 percent fall in the previous period. It was the seventh consecutive quarter of contraction and the worst since 1991, as investment and consumption dropped sharply. Considering full 2015, GDP shrank 3.8 percent. GDP Annual Growth Rate in Brazil averaged 2.87 percent from 1991 until 2015, reaching an all time high of 10.10 percent in the first quarter of 1995 and a record low of -5.90 percent in the fourth quarter of 2015. GDP Annual Growth Rate in Brazil is reported by the Instituto Brasileiro de Geografia e Estatística (IBGE).

Brazil GDP Annual Growth Rate
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Actual Previous Highest Lowest Dates Unit Frequency
-5.90 -4.50 10.10 -5.90 1991 - 2015 percent Quarterly
Brazil is the eighth largest economy in the world and the largest in Latin America. The Services sector is the most important and accounts for more than 70 percent to total GDP. The biggest segments within Services are: government, education and health (18 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 25 percent of the GDP and the largest segments within this sector are: manufacturing (13 percent of total GDP); construction (5 percent) and mining (4 percent). The Agriculture and Livestock sector accounts for the remaining 6 percent of GDP. This page provides - Brazil GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Brazil GDP Annual Growth Rate - actual data, historical chart and calendar of releases - was last updated on May of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2015-08-28 01:00 PM Q2 -2.6% -1.6% -2% -1.5%
2015-12-01 11:00 AM Q3 -4.5% -3.0% -4.1% -2.7%
2016-03-03 12:00 PM Q4 -5.9% -4.5% -6% -4.4%
2016-06-01 12:00 PM Q1 -5.9% -3.6%
2016-08-31 12:00 PM Q2 -2.9%
2016-11-30 11:00 AM Q3 -1.4%

Brazil GDP Posts Sharpest Contraction Since 1991


The Brazilian economy contracted 5.9 percent year-on-year in the last quarter of 2015 accelerating from a 4.5 percent fall in the previous period. It was the seventh consecutive quarter of contraction and the worst since 1991, as investment and consumption dropped sharply. Considering full 2015, GDP shrank 3.8 percent.

On the expenditure side, gross fixed capital formation fell 18.5 percent, household consumption dropped 6.8 percent and government expenditure declined 2.9 percent. Regarding external demand, exports of goods and services grew 12.6 percent, while imports of goods and services fell by 20.1 percent.

On the production side, the services sector fell 4.4 percent, as internal trade shrank 12.4 percent and transport, storage and postal services contracted 9 percent. Also output from other services (-4.4 percent), information services (-3 percent), administration, health and public education (-1.2 percent) and financial intermediation and insurance (-0.4 percent) contributed negatively to the GDP. The real estate activities showed no growth. The industrial sector went down 8 percent, as manufacturing industry dropped 12 percent. The construction and mining sectors also fell by 5.2 percent and 4.1 percent, respectively. Meanwhile, production of electricity and gas, water, sewage and urban sanitation expanded by 1.4 percent. In contrast, agriculture advanced 0.6 percent.

Considering full 2015, GDP shrank 3.8 percent,
the steepest contraction since 1991, compared to a 0.1 percent growth in 2014. Gross fixed capital formation fell 14.1 percent (-4.5 percent in 2014), mainly due to the fall in domestic production and imports of capital goods. Household consumption fell by 4 percent (+1.3 percent in 2014), due the deterioration of inflation indicators, interest rates, credit, employment and income. The government expenditure fell by 1 percent (+1.2 percent in 2014). Regarding the external sector, exports of goods and services grew 6.1 percent, boosted by oil, soybeans, steel products and iron ore; while imports of goods and services fell by 14.3 percent, mainly due to lower purchases of machinery and equipment, automobiles, oil and oil products, as well as transport and travel services.

GDP per capita retreated 4.6 percent following a 0.8 percent fall in the previous year.

IBGE | Joana Ferreira | joana.ferreira@tradingeconomics.com
3/3/2016 1:22:46 PM

Brazil GDP Last Previous Highest Lowest Unit
GDP Growth Rate -1.40 -1.70 3.50 -4.10 percent [+]
GDP Annual Growth Rate -5.90 -4.50 10.10 -5.90 percent [+]
GDP 2346.12 2392.09 2615.19 15.17 USD Billion [+]
GDP Constant Prices 290321.91 297446.01 314713.77 170920.00 BRL Million [+]
Gross National Product 1489781.98 1446839.04 1489781.98 264509.18 BRL Million [+]
Gross Fixed Capital Formation 256807.91 268429.88 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 12544.53 16964.27 21182.59 6929.35 BRL Million [+]
GDP From Construction 17716.74 17478.99 20687.17 10691.03 BRL Million [+]
GDP From Manufacturing 29155.98 31717.80 36931.79 21481.99 [+]
GDP From Mining 2421.17 2576.20 2576.20 1092.40 BRL Million [+]
GDP From Public Administration 38915.11 40108.42 40108.42 26076.65 BRL Million [+]
GDP From Services 178277.39 178943.56 186770.33 101509.08 BRL Million [+]
GDP From Transport 8431.28 8732.59 9459.30 4937.13 BRL Million [+]
GDP From Utilities 6168.00 5907.21 6327.85 3658.36 BRL Million [+]




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Mexico 2.90 Mar/16
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Mongolia 2.30 Dec/15
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Germany 2.10 Dec/15
United Kingdom 2.10 Mar/16
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Armenia 1.90 Dec/16
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Paraguay 1.10 Dec/15
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Lebanon 1.00 Dec/15
North Korea 1.00 Dec/14
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Japan 0.70 Dec/15
Belize 0.60 Dec/15
Finland 0.60 Dec/15
Iran 0.60 Mar/15
South Africa 0.60 Dec/15
Canada 0.50 Dec/15
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Tunisia 0.30 Dec/15
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