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

Brazil's gross domestic product declined 5.4 percent year-on-year in the first quarter of 2016, slowing from a 5.9 percent fall in the previous period and beating market expectations of 6 percent drop. It was the eight consecutive quarter of contraction, as investment and consumption continued to fall while net external demand contributed positively. GDP Annual Growth Rate in Brazil averaged 2.78 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
-5.40 -5.90 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 August of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2015-12-01 11:00 AM Q3 -4.5% -3.0% -4.1% -2.7%
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 -5.4% -3.8% -4.1%
2016-11-30 11:00 AM Q3 -3.3%
2017-03-07 11:00 AM Q4 -2.1%

Brazil GDP Falls for 8th Straight Quarter


Brazil's gross domestic product declined 5.4 percent year-on-year in the first quarter of 2016, slowing from a 5.9 percent fall in the previous period and beating market expectations of 6 percent drop. It was the eight consecutive quarter of contraction, as investment and consumption continued to fall while net external demand contributed positively.

On the expenditure side, gross fixed capital formation shrank 17.5 percent (from -18.5 percent in Q4), household consumption dropped 6.3 percent (from -6.8 percent) and government expenditure declined 1.4 percent (from -2.9 percent). Regarding external demand, exports of goods and services grew at a faster 13 percent (from +12.6 percent in Q4), while imports of goods and services fell 21.7 percent (from -20.1 percent).

On the production side, the services sector fell 3.7 percent (from -4.4 percent in Q4), as retail trade shrank 10.7 percent and transport, storage and postal services contracted 7.4 percent. Also output from information services (-5 percent), other services (-3.4 percent), financial intermediation and insurance (-1.8 percent) and administration, health and public education (-0.8 percent) contributed negatively to the GDP. The real estate activities showed no growth for the second straight quarter. The industrial sector went down 7.3 percent, as manufacturing industry dropped 10.5 percent. The mining and construction sectors also fell by 9.6 percent and 6.2 percent, respectively. Meanwhile, production of electricity and gas, water, sewage and urban sanitation expanded by 4.2 percent. Agriculture contracted 3.7 percent (+0.6 percent in Q4).

On a quarterly basis, the GDP shrank 0.3 percent, easing from a 1.3 percent contraction in the previous period.

IBGE | Joana Ferreira | joana.ferreira@tradingeconomics.com
6/1/2016 1:49:03 PM

Brazil GDP Last Previous Highest Lowest Unit
GDP Growth Rate -0.30 -1.30 3.50 -4.10 percent [+]
GDP Annual Growth Rate -5.40 -5.90 10.10 -5.90 percent [+]
GDP 1774.72 2417.05 2614.57 15.17 USD Billion [+]
GDP Constant Prices 282854.41 290321.91 314713.77 170920.00 BRL Million [+]
Gross National Product 1438150.00 1489781.98 1489781.98 264509.18 BRL Million [+]
Gross Fixed Capital Formation 249030.43 256807.91 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 21291.83 12544.53 21291.83 6929.35 BRL Million [+]
GDP From Construction 16835.46 17716.74 20687.17 10691.03 BRL Million [+]
GDP From Manufacturing 26839.82 29155.98 36931.79 21481.99 [+]
GDP From Mining 2208.69 2421.17 2576.20 1092.40 BRL Million [+]
GDP From Public Administration 38490.35 38915.11 40108.42 26076.65 BRL Million [+]
GDP From Services 170665.27 178277.39 186770.33 101509.08 BRL Million [+]
GDP From Transport 7775.76 8431.28 9459.30 4937.13 BRL Million [+]
GDP From Utilities 6129.25 6168.00 6327.85 3658.36 BRL Million [+]




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