Brazil GDP Annual Growth Rate 1991-2015 | Data | Chart | Calendar

The Gross Domestic Product (GDP) in Brazil contracted 0.20 percent in the fourth quarter of 2014 over the same quarter of the previous year. GDP Annual Growth Rate in Brazil averaged 2.98 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).

     Forecast  
Brazil GDP Annual Growth Rate


Actual Previous Highest Lowest Dates Unit Frequency
-0.20 -0.60 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 Tuesday, April 28, 2015.


Brazil's Economy Shrinks Less Than Expected


Brazilian economy contracted 0.2 percent year-on-year in the last three months of 2014, following a downwardly revised 0.6 percent drop in the previous quarter as a rise in consumer spending was not enough to offset a decline in investment and government spending

On the expenditure side, gross fixed capital formation declined for the third straight period by 5.8 percent (from -6.4 percent in the third quarter). Public expenditure also decreased by 0.2 percent. Consumer spending rose 1.3 percent (+0.1 percent). Exports fell by 10.7 percent (+4.6 percent) and imports dropped by 4.4 percent.

The industrial sector shrank by 1.9 percent, the third consecutive quarter of decline. Production and distribution of water and gas recorded the highest drop (-5.9 percent), followed by construction (-2.3 percent). In contrast, mining output rose by 9.7 percent and agriculture increased by 1.2 percent. The services sector expanded a meagre 0.4 percent with trade contracting 2.9 percent.

On a quarter-on-quarter seasonally adjusted basis, the economy grew 0.3 percent, beating market expectations for a 0.2 percent contraction.

IBGE | Carolina Cunha | carolina.cunha@tradingeconomics.com
3/27/2015 12:57:45 PM


Recent Releases

Brazil GDP Contracts Again in Q3
The Brazilian economy contracted 0.2 percent year-on-year in the third quarter of 2014, following a 0.9 percent drop in the previous period. A rise in government spending and exports was not enough to offset a drop in investment and slowing consumption. Published on 2014-11-28

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. Published on 2014-08-29


Calendar GMT Event Actual Previous Consensus Forecast (i)
2014-08-28 01:00 PM
GDP Growth Rate YoY  Q2
-0.9% 1.9% -0.6% -0.7%
2014-11-28 11:00 AM
GDP Growth Rate YoY  Q3
-0.2% -0.9% -0.2% -0.1%
2015-03-27 12:00 PM
GDP Growth Rate YoY  Q4
-0.2% -0.6% (R) -0.7% -0.4%
2015-05-29 01:00 PM
GDP Growth Rate YoY  Q1
-0.2% -1.44%
2015-08-28 01:00 PM
GDP Growth Rate YoY  Q2
-1.42%
2015-12-01 11:00 AM
GDP Growth Rate YoY  Q3
-0.89%


Brazil GDP Last Previous Highest Lowest Unit
GDP 2245.67 2248.78 2476.69 15.17 USD Billion [+]
GDP Growth Rate 0.30 0.20 4.50 -4.20 percent [+]
GDP Annual Growth Rate -0.20 -0.60 10.10 -3.15 percent [+]
GDP Constant Prices 308332.41 311914.26 313662.20 171563.47 BRL Million [+]
Gross National Product 1416560.35 1380316.81 1416560.35 264509.18 BRL Million [+]
GDP per capita 5823.04 5730.25 5823.04 1726.57 USD [+]
Gross Fixed Capital Formation 276993.32 279672.77 279672.77 35738.74 BRL Million [+]
GDP per capita PPP 14555.08 14323.14 14555.08 9777.23 USD [+]


GDP Annual Growth Rate Reference Previous Highest Lowest Unit
Australia 2.50 Nov/14 2.70 9.00 -3.40 percent [+]
Brazil -0.20 Nov/14 -0.60 10.10 -3.15 percent [+]
Canada 2.63 Nov/14 2.75 8.80 -3.70 percent [+]
China 7.00 Feb/15 7.30 14.20 3.80 percent [+]
Euro Area 0.90 Nov/14 0.80 5.00 -5.50 percent [+]
France 0.24 Nov/14 0.41 12.50 -3.92 percent [+]
Germany 1.60 Nov/14 1.20 5.20 -6.80 percent [+]
India 7.50 Nov/14 8.20 11.40 -5.20 percent [+]
Indonesia 5.01 Nov/14 4.92 7.16 1.56 percent [+]
Italy -0.50 Nov/14 -0.50 10.30 -6.90 percent [+]
Japan -0.80 Nov/14 -1.40 9.40 -9.40 percent [+]
Mexico 2.60 Nov/14 2.20 8.50 -8.10 percent [+]
Netherlands 1.40 Nov/14 1.00 5.80 -4.40 percent [+]
Russia 0.40 Nov/14 0.90 12.10 -11.20 percent [+]
South Korea 2.40 Feb/15 2.70 18.20 -7.30 percent [+]
Spain 2.00 Nov/14 1.60 5.80 -4.40 percent [+]
Switzerland 1.90 Nov/14 1.90 7.30 -3.70 percent [+]
Turkey 2.60 Nov/14 1.90 12.60 -14.70 percent [+]
United Kingdom 2.40 Feb/15 3.00 9.80 -5.80 percent [+]
United States 2.40 Nov/14 2.70 13.40 -4.10 percent [+]