The Brazilian economy expanded 2.9% in 2022, easing from a 5% growth in 2021. The services sector jumped 4.2% and utilities surged 10.1% amid more favourable fees, while the manufacturing sector contracted 0.3%, the mining one 1.7% due to lower iron ore extraction, and the farm sector went down 1.7%. Meanwhile, household spending increased 4.3% and public expenditure rose 1.5% as former President Jair Bolsonaro boosted social expenses ahead of a presidential election. Exports surged 5.5% and imports increased at a slower 0.8%. For 2023, forecasts from a central bank poll point to a 0.8% growth.
Full Year GDP Growth in Brazil averaged 3.76 percent from 1963 until 2022, 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 June of 2023.