The economy of Brazil expanded by 4.6% year-on-year in 2021, below the 5.1% growth projected by the Ministry of Economy, but recovering sharply from a downwardly revised 3.3% pandemic-induced contraction in 2020. It was the strongest pace of growth since 2010 when the GDP advanced by 7.5%.
Full Year GDP Growth in Brazil averaged 3.76 percent from 1963 until 2021, reaching an all time high of 14.00 percent in 1973 and a record low of -4.40 percent in 1990. This page includes a chart with historical data for Brazil Full Year Gdp Growth. Brazil Full Year Gdp Growth - data, historical chart, forecasts and calendar of releases - was last updated on February of 2023.
Full Year GDP Growth in Brazil is expected to reach 1.30 percent by the end of 2023, according to Trading Economics global macro models and analysts expectations. In the long-term, the Brazil Full Year Gdp Growth is projected to trend around 1.50 percent in 2024 and 2.00 percent in 2025, according to our econometric models.