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

The Brazilian economy contracted 2.9 percent year-on-year in the third quarter of 2016, following a downwardly revised 3.6 percent decrease in the previous period but better than market expectations of a 3.2 percent drop. It is the 10th straight quarter of contraction, hurt by internal demand and a slowdown in exports. GDP Annual Growth Rate in Brazil averaged 2.68 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 -5.80 percent in the fourth quarter of 2015.

Brazil GDP Annual Growth Rate
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Calendar GMT Reference Actual Previous Consensus Forecast (i)
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 -2.9% -3.6% -3.2% -3.3%
2017-03-07 11:00 AM Q4 -2.9% -2.1%
2017-06-01 12:00 PM Q1 -3.49%
2017-08-31 12:00 PM Q2 -4.46%




Brazil GDP Shrinks 2.9% YoY in Q3


The Brazilian economy contracted 2.9 percent year-on-year in the third quarter of 2016, following a downwardly revised 3.6 percent decrease in the previous period and better than market expectations of a 3.2 percent drop. It is the 10th straight quarter of contraction, hurt by internal demand and a slowdown in exports.

On the expenditure side, household spending fell 3.4 percent (-4.8 percent in Q2), government consumption declined 0.8 percent (-0.5 percent in Q2) and gross fixed capital formation shrank 8.4 percent (-8.6 percent in Q2). Exports rose a meager 0.2 percent (4 percent in Q2) and imports declined 6.8 percent (-10.4 percent in Q2).

On the production side, declines were recorded for agriculture (-6 percent compared to -6.1 percent); mining (-1.3 percent compared to -5.1 percent); manufacturing (-3.5 percent compared to -4.7 percent); construction (-4.9 percent compared to -3.2 percent) and services (-2.2 percent compared to -2.7 percent). Only utilities output (+4.3 percent compared to 8.7 percent), real estate activities (+0.1 percent compared to 0.3 percent) and public education and health (0.1 percent compared to 0.5 percent) increased.

On a quarterly basis, the economy shrank 0.8 percent, worse than a 0.4 percent contraction in the previous period. 

IBGE | Joana Taborda | joana.taborda@tradingeconomics.com
11/30/2016 12:42:21 PM



Brazil GDP Last Previous Highest Lowest Unit
GDP Growth Rate -0.80 -0.40 4.00 -4.10 percent [+]
GDP Annual Growth Rate -2.90 -3.60 10.10 -5.80 percent [+]
GDP 1774.72 2417.05 2614.57 15.17 USD Billion [+]
GDP Constant Prices 290134.77 287368.94 314900.94 170920.00 BRL Million [+]
Gross National Product 1506742.22 1438099.87 1506742.22 264509.18 BRL Million [+]
Gross Fixed Capital Formation 260490.16 260048.91 291362.48 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 16436.16 19161.61 22592.27 6923.17 BRL Million [+]
GDP From Construction 16801.28 16616.30 20192.92 10342.31 BRL Million [+]
GDP From Manufacturing 30071.50 28361.36 37408.43 21655.49 [+]
GDP From Mining 2552.90 2373.99 2586.44 1096.77 BRL Million [+]
GDP From Public Administration 39836.72 39814.02 39898.23 26246.88 BRL Million [+]
GDP From Services 175640.73 173973.69 188042.35 100853.26 BRL Million [+]
GDP From Transport 8037.42 7848.89 9389.86 5031.39 BRL Million [+]
GDP From Utilities 6213.34 6332.84 6375.68 3667.91 BRL Million [+]



Brazil GDP Annual Growth Rate Notes

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 December of 2016.

Actual Previous Highest Lowest Dates Unit Frequency
-2.90 -3.60 10.10 -5.80 1991 - 2016 percent Quarterly



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