The Brazilian economy advanced 0.5 percent year-on-year in the first quarter of 2019, easing from 1.1 percent in the previous three-month period and matching market expectations. It was the weakest growth rate since the first quarter of 2017, mainly due to a slowdown in household consumption and fixed investment. GDP Annual Growth Rate in Brazil averaged 2.52 percent from 1991 until 2019, reaching an all time high of 10.10 percent in the first quarter of 1995 and a record low of -5.50 percent in the fourth quarter of 2015.

GDP Annual Growth Rate in Brazil is expected to be 0.90 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in Brazil to stand at 1.70 in 12 months time. In the long-term, the Brazil GDP Annual Growth Rate is projected to trend around 2.40 percent in 2020, according to our econometric models.

Brazil GDP Annual Growth Rate
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Calendar GMT Actual Previous Consensus TEForecast
2018-08-31 12:00 PM GDP Growth Rate YoY 1% 1.2% 1.1% 1.0%
2018-11-30 11:00 AM GDP Growth Rate YoY 1.3% 0.9% 1.6% 1.5%
2019-02-28 12:00 PM GDP Growth Rate YoY 1.1% 1.3% 1.3% 1.2%
2019-05-30 12:00 PM GDP Growth Rate YoY 0.5% 1.1% 0.5% 0.8%
2019-08-29 12:00 PM GDP Growth Rate YoY 0.5% 0.7%
2019-12-03 11:00 AM GDP Growth Rate YoY 0.9%



Brazil Q1 GDP Annual Growth at 2-Year Low

The Brazilian economy advanced 0.5 percent year-on-year in the first quarter of 2019, easing from 1.1 percent in the previous three-month period and matching market expectations. It was the weakest growth rate since the first quarter of 2017, mainly due to a slowdown in household consumption and fixed investment.

On the expenditure side, household expenditure grew 1.3 percent (vs 1.5 percent in Q4) and fixed investment advanced 0.9 percent (vs 3 percent in Q3). On the other hand, government spending went up 0.1 percent, rebounding from a 0.7 percent contraction in the prior quarter. Exports rose 1 percent, lower than a 12 percent gain in the last quarter of 2018 while imports declined 2.5 percent (vs 6 percent in Q4).

On the production side, industrial activity shrank 1.1 percent, following a 0.5 percent contraction in the prior quarter, mainly due to mining (-3 percent vs 3.9 percent), manufacturing (-1.7 percent vs -1.5 percent) and construction (-2.2 percent, the same as in Q4 2018). Meanwhile, output rose further in utilities (4.7 percent vs 4.6 percent). Additionally, agriculture output contracted 0.1 percent, after rising 2.4 percent in the last quarter of 2018. On the other hand, the service industries grew 1.2 percent following a 1.1 percent expansion in Q4, boosted by financial, insurance and related services activities (0.3 percent vs -0.5 percent); information and communication (3.8 percent vs 2.5 percent); and public health, education and social security (0.5 percent vs 0.1 percent). On the other hand, output growth slowed in trade (0.5 percent vs 0.9 percent); transport and storage (0.2 percent vs 1.7 percent); real estate activities (3 percent vs 3.4 percent); and other service activities (1.4 percent vs 1.5 percent).

On a quarterly basis, the economy shrank 0.2 percent in the first quarter of 2019, after a 0.1 percent expansion in the previous period and in line with market expectations. It was the first contraction since the last quarter of 2016.


IBGE | Stefanie Moya | stefanie.moya@tradingeconomics.com
5/30/2019 1:10:52 PM



Brazil GDP Last Previous Highest Lowest Unit
GDP Growth Rate -0.20 0.10 4.00 -4.00 percent [+]
GDP Annual Growth Rate 0.50 1.10 10.10 -5.50 percent [+]
GDP 1868.63 2053.60 2616.20 15.17 USD Billion [+]
GDP Constant Prices 290915.92 295810.87 314900.34 170920.00 BRL Million [+]
Gross National Product 1676582.03 1753529.01 1753529.01 271187.46 BRL Million [+]
Gross Fixed Capital Formation 265611.69 283392.07 291364.92 35403.16 BRL Million [+]
GDP per capita 11026.24 10990.19 11993.48 3417.35 USD [+]
GDP per capita PPP 14282.70 14236.00 15535.60 10093.00 USD [+]
GDP From Agriculture 24062.49 13121.30 24836.99 6923.17 BRL Million [+]
GDP From Construction 13326.75 14074.03 20193.49 10342.31 BRL Million [+]
GDP From Manufacturing 27659.12 29702.85 37408.43 21655.49 BRL Million [+]
GDP From Mining 2378.27 2717.82 2717.82 1096.77 BRL Million [+]
GDP From Public Administration 39507.69 39680.40 40138.00 26246.88 BRL Million [+]
GDP From Services 175563.57 182391.14 187985.48 100853.26 BRL Million [+]
GDP From Transport 8104.45 8581.49 9391.23 5031.39 BRL Million [+]
GDP From Utilities 7018.03 6801.07 7018.03 3667.91 BRL Million [+]


Brazil GDP Annual Growth Rate

Brazil is the tenth largest economy in the world and the biggest in Latin America. The services sector is the most important and accounts for 63 percent to total GDP. The biggest segments within services are: government, defense, education and health (15 percent of total GDP); other services (15 percent); wholesale and retail trade (11 percent); real estate (8 percent); and financial services (7 percent). Also, industry contributes to 18 percent of GDP, with manufacturing (11 percent) and construction (4 percent) accounting for the largest share. The agriculture and livestock sector accounts 5 percent of GDP. On the expenditure side, household consumption is the main component of GDP and accounts for 63 percent of its total use, followed by government expenditure (20 percent) and gross fixed capital formation (16 percent). Exports of goods and services account for 13 percent of GDP while imports account for 12 percent, adding 1 percent of total 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 July of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
0.50 1.10 10.10 -5.50 1991 - 2019 percent Quarterly




Country Last Previous
China 6.20 Jun/19
India 5.80 Mar/19
Indonesia 5.07 Mar/19
United States 3.20 Mar/19
Spain 2.40 Mar/19
Australia 1.80 Mar/19
United Kingdom 1.80 Mar/19
Netherlands 1.70 Mar/19
Saudi Arabia 1.70 Mar/19
South Korea 1.70 Mar/19
Switzerland 1.70 Mar/19
Canada 1.30 Mar/19
Euro Area 1.20 Mar/19
France 1.20 Mar/19
Mexico 1.20 Mar/19
Japan 0.90 Mar/19
Germany 0.70 Mar/19
Brazil 0.50 Mar/19
Russia 0.50 Mar/19
Singapore 0.10 Jun/19
South Africa 0.00 Mar/19
Italy -0.10 Mar/19
Turkey -2.60 Mar/19
Argentina -5.80 Mar/19


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