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

The Brazilian economy shrank 3.8 percent year-on-year in the second quarter of 2016, following a 5.4 percent decline in the previous period and slightly worse than market expectations of a 3.7 percent drop. It is the 9th straight quarter of contraction. GDP Annual Growth Rate in Brazil averaged 2.72 percent from 1991 until 2016, 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
-3.80 -5.40 10.10 -5.90 1991 - 2016 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 September of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-03-03 12:00 PM Q4 -5.9% -4.5% -6% -4.4%
2016-06-01 12:00 PM Q1 -5.4% -5.9% -6% -6%
2016-08-31 12:00 PM Q2 -3.8% -5.4% -3.7% -4.1%
2016-11-30 11:00 AM Q3 -3.8% -3.3%
2017-03-07 11:00 AM Q4 -2.1%

Brazil GDP Shrinks 3.8% YoY in Q2


The Brazilian economy contracted 3.8 percent year-on-year in the second quarter of 2016, following a 5.4 percent decline in the previous period and slightly worse than market expectations of a 3.7 percent drop. It is the 9th straight quarter of contraction, hurt by internal demand.

On the expenditure side, household spending fell 5 percent, government consumption declined 2.2 percent and gross fixed capital formation shrank 8.8 percent. Exports rose 4.3 percent and imports declined 10.6 percent.

On the production side, declines were recorded for agriculture (-3.1 percent); mining (-4.9 percent); manufacturing (-5.4 percent); construction (-2.2 percent) and services (-3.3 percent). Only utilities output (+7.9 percent) and real estate activities (+0.1 percent) increased.

On a quarterly basis, the economy shrank 0.6 percent, worse than a 0.4 percent contraction in the previous period. 

IBGE | Joana Taborda | joana.taborda@tradingeconomics.com
8/31/2016 4:30:20 PM

Brazil GDP Last Previous Highest Lowest Unit
GDP Growth Rate -0.60 -0.40 4.00 -4.00 percent [+]
GDP Annual Growth Rate -3.80 -5.40 10.10 -5.90 percent [+]
GDP 1774.72 2417.05 2614.57 15.17 USD Billion [+]
GDP Constant Prices 285391.93 282854.41 314713.77 170920.00 BRL Million [+]
Gross National Product 1506742.22 1438099.87 1506742.22 264509.18 BRL Million [+]
Gross Fixed Capital Formation 256741.09 249030.43 291091.76 35403.16 BRL Million [+]
GDP per capita 11159.25 11705.43 11797.45 3402.47 USD [+]
GDP per capita PPP 14454.94 15162.42 15281.61 10019.99 USD [+]
GDP From Agriculture 19178.46 21291.83 22114.56 6923.17 BRL Million [+]
GDP From Construction 16625.91 16835.46 20194.86 10342.31 BRL Million [+]
GDP From Manufacturing 28543.73 26839.82 37408.43 21655.49 [+]
GDP From Mining 2374.28 2208.69 2576.20 1096.77 BRL Million [+]
GDP From Public Administration 39642.80 38490.35 40108.42 26246.88 BRL Million [+]
GDP From Services 172179.63 170665.27 187102.84 100853.26 BRL Million [+]
GDP From Transport 7884.02 7775.76 9458.46 5031.39 BRL Million [+]
GDP From Utilities 6267.06 6129.25 6362.60 3667.91 BRL Million [+]




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