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

The Gross Domestic Product (GDP) in Brazil contracted 0.20 percent in the third quarter of 2014 over the same quarter of the previous year. GDP Annual Growth Rate in Brazil averaged 3.02 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 -0.90 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 Monday, December 22, 2014.


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.

On the expenditure side, gross fixed capital formation contracted for the third straight period by 8.5 percent while consumer spending rose a meager 0.1 percent. Public expenditure increased 1.9 percent, accelerating from a 0.9 percent rise in the previous quarter. Exports grew 3.8 percent (1.9 percent in Q2) and imports rose 0.7 percent, rebounding from a 2.4 percent decline in the second quarter.

The industrial sector shrank by 1.5 percent, second consecutive quarter of decline. Construction recorded the highest drop (-5.3 percent), followed by manufacturing (-3.6 percent). In contrast, mining output rose 8.2 percent. The services sector expanded 0.5 percent, but trade contracted 1.8 percent. 

On a quarter-on-quarter seasonally adjusted basis, the economy grew 0.1 percent.

Joana Taborda | joana.taborda@tradingeconomics.com
11/28/2014 12:55:42 PM


Recent Releases

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

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


Calendar GMT Event Actual Previous Consensus Forecast (i)
2014-05-29 01:00 PM
GDP Growth Rate YoY  Q1
1.9% 2.2% (R) 2.1% 2%
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
-1.55%
2015-05-28 01:00 PM
GDP Growth Rate YoY  Q1
-1.44%
2015-08-28 01:00 PM
GDP Growth Rate YoY  Q2
-1.42%


Brazil GDP Last Previous Highest Lowest Unit
GDP 2245.67 2248.78 2476.69 15.17 USD Billion [+]
GDP Growth Rate 0.10 -0.60 4.50 -4.20 percent [+]
GDP Annual Growth Rate -0.20 -0.90 10.10 -3.15 percent [+]
GDP Constant Prices 1289070.65 1271185.94 1293297.00 156930.00 BRL Million [+]
Gross National Product 1269988.29 1249600.80 1269988.29 140820.00 BRL Million [+]
GDP per capita 5823.04 5730.25 5823.04 1726.57 USD [+]
Gross Fixed Capital Formation 224231.09 209804.87 232041.19 31363.00 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 2.70 Aug/14 2.70 9.00 -3.40 percent [+]
Brazil -0.20 Aug/14 -0.90 10.10 -3.15 percent [+]
Canada 2.59 Aug/14 2.54 8.80 -3.70 percent [+]
China 7.30 Aug/14 7.50 14.20 3.80 percent [+]
Euro Area 0.80 Aug/14 0.80 5.00 -5.50 percent [+]
France 0.40 Aug/14 0.00 4.90 -4.30 percent [+]
Germany 1.20 Aug/14 1.00 5.20 -6.80 percent [+]
India 5.30 Aug/14 5.70 11.40 -5.20 percent [+]
Indonesia 5.01 Aug/14 5.12 7.16 1.56 percent [+]
Italy -0.50 Aug/14 -0.30 10.30 -6.90 percent [+]
Japan -1.20 Aug/14 -0.20 9.40 -9.40 percent [+]
Mexico 2.20 Aug/14 1.60 8.50 -8.10 percent [+]
Netherlands 1.10 Aug/14 1.10 5.80 -4.40 percent [+]
Russia 0.70 Aug/14 0.80 12.10 -11.20 percent [+]
South Korea 3.20 Aug/14 3.50 18.20 -7.30 percent [+]
Spain 1.60 Aug/14 1.30 5.80 -4.40 percent [+]
Switzerland 1.90 Aug/14 1.60 7.30 -3.70 percent [+]
Turkey 1.70 Aug/14 2.20 12.60 -14.70 percent [+]
United Kingdom 3.00 Aug/14 3.20 9.80 -5.80 percent [+]
United States 2.40 Aug/14 2.60 13.40 -4.10 percent [+]