Brazil GDP Annual Growth Rate

The Gross Domestic Product (GDP) in Brazil expanded 1.90 percent in the fourth quarter of 2013 over the same quarter of the previous year. GDP Annual Growth Rate in Brazil is reported by the Instituto Brasileiro de Geografia e Estatística (IBGE). GDP Annual Growth Rate in Brazil averaged 3.10 Percent from 1991 until 2013, 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. 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. 2014-04-24

Actual Previous Highest Lowest Forecast Dates Unit Frequency
1.90 2.20 10.10 -3.15 3.58 | 2014/03 1991 - 2013 Percent Quarterly

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Brazil GDP Annual Growth Rate
LIST BY COUNTRY


CALENDAR GMT Country Event Reference Actual Previous Consensus Forecast
2013-05-29 01:00 PM Brazil
GDP Growth Rate YoY
Q1 2013 1.9% 1.4% 2.3% 2.40%
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% 3.58%
2014-08-29 01:00 PM Brazil
GDP Growth Rate YoY
Q2 2014 2.25%
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GDP Last Previous Highest Lowest Forecast Unit
GDP per capita 5721.23 2012-12-31 5721.29 5721.29 1726.57 5786.29 2014-06-30 USD [+]
GDP per capita PPP 10263.89 2012-12-31 10264.01 10264.01 6557.05 10382.08 2014-06-30 USD [+]
GDP Constant Prices 1290507.33 2013-11-15 1213440.18 1290507.33 156930.00 1339814.86 2014-06-30 BRL Million [+]
Gross Fixed Capital Formation 227845.55 2013-11-15 232041.19 232041.19 31363.00 237626.28 2014-03-31 BRL Million [+]
Gross National Product 1259649.98 2013-11-15 1199092.11 1259649.98 140820.00 1272939.29 2014-03-31 BRL Million [+]
GDP Growth Rate 0.70 2013-12-31 -0.50 4.50 -4.20 0.16 2014-03-31 Percent [+]
GDP Annual Growth Rate 1.90 2013-12-31 2.20 10.10 -3.15 3.58 2014-03-31 Percent [+]
GDP 2435.20 2012-12-31 2444.90 2825.50 72.30 2449.04 2014-06-30 USD Billion [+]
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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.

Year-on-year, agricultural output rose 2.4 percent recovering from last quarter’s contraction, boosted by higher production of wheat (30.4 percent yoy), sugar cane (10.0 percent yoy) and tobacco (5.5 percent yoy), whereas orange (-14.8 percent yoy) and cassava (-9.5 percent yoy) fell.

Manufacturing increased 1.3 percent, slowing from 1.9 percent in the previous quarter. Growth was driven by higher production of machines, electronic and transport equipment, perfumes, oil and wood products. Construction rose at the same pace as in the previous quarter (2.4 percent); electricity, water and gas supply expanded 3.4 percent (3.7 percent in Q3) and mining advanced 0.7 percent, slightly up from 0.9 percent in the September quarter. The services sector grew 1.8 percent yoy. 

On the expenditure side, exports recorded the highest annual growth rate (5.6 percent), accelerating from a 3.1 percent expansion in the previous quarter. 

Gross fixed capital investment rose 5.5 percent on the year (slowing from 7.3 percent in Q3), boosted by higher production of capital goods. Imports slowed to 4.8 percent, household consumption to 1.9 percent and government spending to 2 percent.  

Growth for the full year accelerated to 2.3 percent, better than 1.0 percent in 2012, led by 2 percent rise in services, 1.3 percent growth in industrial production and 6.3 percent in fixed capital formation.

Joana Taborda | joana.taborda@tradingeconomics.com
2/27/2014 12:38:28 PM

RECENT RELEASES

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

Brazilian Economy Expands 3.3% YoY in Q2
In the second quarter of 2013, Brazilian GDP grew at its fastest pace in two years, beating market expectations. The economy expanded 3.3 percent year-on-year, from 1.9 percent in the previous three-month period, boosted by higher investment and agricultural production. Published on 2013-08-30


GDP Annual Growth Rate | Notes
The annual growth rate in Gross Domestic Product measures the increase in value of the goods and services produced by an economy over the period of a year. Therefore, unlike the commonly used quarterly GDP growth rate the annual GDP growth rate takes into account a full year of economic activity, thus avoiding the need to make any type of seasonal adjustment.


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