Brazil GDP Annual Growth Rate

The Gross Domestic Product (GDP) in Brazil expanded 1.40 percent in the fourth quarter of 2012 over the same quarter of the previous year. GDP Annual Growth Rate in Brazil is reported by the IBGE. Historically, from 1991 until 2012, Brazil GDP Annual Growth Rate averaged 3.1 Percent reaching an all time high of 10.1 Percent in March of 1995 and a record low of -3.2 Percent in March 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 includes a chart with historical data for Brazil GDP Annual Growth Rate.

 TO REFRESH |  COMPARE
Brazil GDP Annual Growth Rate
    EMAIL
 
Brazil Economy Grows 1.4% in Q4
IBGE | Duarte Ricardo | duarte.ricardo@tradingeconomics.com  |  3/1/2013 1:52:12 PM


Brazilian GDP expanded 1.4 percent YoY and 0.6 percent QoQ in the fourth quarter of 2012.

In relation to the third quarter of 2012, the GDP (Gross Domestic Product) of the fourth quarter posted a positive change of 0.6%, in the seasonally adjusted series.  Among the economic activities, services are a highlight, growing 1.1%. The industry had a positive change of 0.4%, whereas agriculture and livestock farming recorded a drop (-5.2%).

In comparison with the fourth quarter of 2011, the GDP grew 1.4%. The value added at basic prices rose 1.1% and the taxes less subsidies on products grew 2.7%. Among the economic activities, services are again a highlight, growing 2.2%. The industry held steady (0.1%) and agriculture and livestock farming posted a drop (-7.5%).
 
In 2012, compared to 2011, the expansion was of 0.9%, due to the 0.8% rise in the value added at basic prices and to the 1.6% growth of the taxes less subsidies on products. Services were the positive highlight (1.7%), whereas agriculture and livestock farming (-2.3%) and the industry (-0.8%) decreased. Thus, the GDP in current values reached R$ 4.403 trillion in 2012. The per capita GDP achieved R$ 22,402, remaining virtually unchanged (0.1%/) in relation to 2011.




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.






Buy Ads Directly on TRADING ECONOMICS