Brazil GDP Annual Growth Rate  1991-2017 | Data | Chart | Calendar

The Brazilian economy shrank 2.5 percent year-on-year in the fourth quarter of 2016, following a 2.9 percent fall in the previous period and worse than market expectations of a 2.3 percent drop. It was the eleventh straight quarter of contraction, mainly due to sharp declines in both household consumption and fixed investment. In 2016 as a whole, the GDP dropped by 3.6 percent after retreating by 3.8 percent in 2015. GDP Annual Growth Rate in Brazil averaged 2.63 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)
2016-08-31 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 12:00 PM Q4 -2.5% -2.9% -2.3% -2.1%
2017-06-01 12:00 PM Q1 -2.5% -1.9%
2017-09-01 12:00 PM Q2 -1.7%
2017-12-01 11:00 AM Q3 -0.2%




Brazil Economy Contracts 2.5% YoY In Q4


The Brazilian economy shrank 2.5 percent year-on-year in the fourth quarter of 2016, following a a 2.9 percent fall in the previous period and worse than market expectations of a 2.3 percent drop. It was the eleventh straight quarter of contraction, mainly due to sharp declines in both household consumption and fixed investment.

From the expenditure side, fixed investment dropped 5.4 percent (-8.4 percent in Q3), household consumption fell 2.9 percent (-3.4 percent in Q3) and government spending declined 0.1 percent (-0.8 percent in Q3). Also, net external demand contributed negatively, as exports decreased sharply by 7.6 percent (0.2 percent in Q3) and imports went down at a slower 1.1 percent percent (-6.8 percent in Q3).

From the production side, the service industries decreased by 2.4 percent following a 2.2 percent fall in Q3, as output declined for: trade (-3.5 percent from -4.4 percent); transport and storage (-7.5 percent from -7.4 percent); information services (-3 percent from -1.5 percent); financial services (-3.4 percent from -3.3 percent); and public health, education and social security (-0.7 percent from 0.1 percent). Industrial output decreased by 2.4 percent (-2.9 percent in Q3), as output contracted for: manufacturing (-2.4 percent from -3.5 percent); and construction (-7.5 percent from -4.9 percent); while growth was recorded in electricity, gas, steam and air conditioning supply (2.4 percent from 4.3 percent) and mining (4 percent from -1.3 percent). Agriculture fell 5 percent after shrinking by 6 percent in Q3.

On a quarterly basis, the economy shrank 0.9 percent, worse than a 0.7 percent contraction in the previous period. 

In 2016 as a whole, the GDP fell 3.6 percent, following a 3.8 percent decline in 2015.

IBGE | Joana Ferreira | joana.ferreira@tradingeconomics.com
3/7/2017 12:25:53 PM



Brazil GDP Last Previous Highest Lowest Unit
GDP Growth Rate -0.90 -0.70 4.00 -3.80 percent [+]
GDP Annual Growth Rate -2.50 -2.90 10.10 -5.80 percent [+]
GDP 1803.65 2456.00 2616.20 15.17 USD Billion [+]
GDP Constant Prices 285112.89 290134.77 314900.94 170920.00 BRL Million [+]
Gross National Product 1589356.15 1548975.66 1589356.15 264509.18 BRL Million [+]
Gross Fixed Capital Formation 254786.37 260490.16 291362.48 35403.16 BRL Million [+]
GDP per capita 11211.89 11751.10 11796.27 3411.48 USD [+]
GDP per capita PPP 14532.98 15231.91 15290.46 10046.60 USD [+]
GDP From Agriculture 12045.26 16436.16 22592.27 6923.17 BRL Million [+]
GDP From Construction 16175.80 16801.28 20192.92 10342.31 BRL Million [+]
GDP From Manufacturing 27844.17 30071.50 37408.43 21655.49 [+]
GDP From Mining 2540.72 2552.90 2586.44 1096.77 BRL Million [+]
GDP From Public Administration 39273.35 39836.72 39898.23 26246.88 BRL Million [+]
GDP From Services 175996.33 175640.73 188042.35 100853.26 BRL Million [+]
GDP From Transport 7719.30 8037.42 9389.86 5031.39 BRL Million [+]
GDP From Utilities 6342.14 6213.34 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 May of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
-2.50 -2.90 10.10 -5.80 1991 - 2016 percent Quarterly



gdp annual growth rate by Country

Last
India 7.00 Dec/16
China 6.90 Mar/17
Indonesia 5.01 Mar/17
Turkey 3.50 Dec/16
Netherlands 3.40 Mar/17
Spain 3.00 Mar/17
Mexico 2.80 Mar/17
South Korea 2.70 Mar/17
Australia 2.40 Dec/16
United Kingdom 2.10 Mar/17
United States 2.00 Dec/16
Canada 1.90 Dec/16
Euro Area 1.70 Mar/17
Germany 1.70 Mar/17
Japan 1.60 Mar/17
France 0.80 Mar/17
Italy 0.80 Mar/17
Switzerland 0.60 Dec/16
Russia 0.50 Mar/17
Brazil -2.50 Dec/16