Brazil GDP Annual Growth Rate 1991-2014 | Data | Chart | Calendar

The Gross Domestic Product (GDP) in Brazil contracted 0.90 percent in the second quarter of 2014 over the same quarter of the previous year. GDP Annual Growth Rate in Brazil averaged 3.05 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).


Brazil GDP Annual Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
-0.90 1.90 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 (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. Content for - Brazil GDP Annual Growth Rate - was last refreshed on Friday, October 31, 2014.

Brazil GDP Contracts 0.9% YoY in Q2

Brazilian economy contracted 0.9 percent year-on-year in the second quarter of 2014, down from a revised 1.9 percent expansion in the first three months of the year. A sharp drop in manufacturing and construction output accounted the most for the contraction as activity slowed in many factories during the World Cup 2014.

The industrial sector fell 3.4 percent, hurt by a 5.5 percent drop in manufacturing (lower production of automobiles, machines and equipment, furniture, metal products, plastics, rubber and wood). The construction sector shrank 8.7 percent while mining expanded 8 percent. Retail and wholesale trade fell 2.4 percent while information services grew 2.5 percent. 

On the expenditure side, gross fixed capital formation fell sharply by 11.2 percent while exports increased at a slower 1.9 percent.

On a quarter-on-quarter seasonally adjusted basis, the economy contracted for the second consecutive period by 0.6 percent in the April to June quarter, following a revised 0.2 percent drop in the first three months of the year.

Considering the first half of 2014, the economy expanded 0.5 percent over the same period in 2013.

IBGE | Joana Taborda |
8/29/2014 2:16:12 PM

Recent Releases

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. Published on 2014-05-30

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

Calendar GMT Country Event Reference Actual Previous Consensus Forecast
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 -0.9% 1.9% -0.6% -0.7%
2014-11-28 11:00 AM Brazil
GDP Growth Rate YoY
Q3 2014 -0.41%

Brazil GDP Last Previous Highest Lowest Unit
GDP 2245.67 2248.78 2476.69 15.17 USD Billion [+]
GDP Growth Rate -0.60 -0.20 4.50 -4.20 Percent [+]
GDP Annual Growth Rate -0.90 1.90 10.10 -3.15 Percent [+]
GDP Constant Prices 1271185.94 1204057.67 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 209804.87 213127.28 232041.19 31363.00 BRL Million [+]
GDP per capita PPP 14555.08 14323.14 14555.08 9777.23 USD [+]