The Brazilian economy contracted 0.2% on quarter Q4 2022, the first decline since mid-2021 and in line with expectations, as high borrowing costs started to weigh. Manufacturing shrank 1.4%, construction 0.7% and utilities 0.4% while gross fixed capital formation sank 1.1%. On the other hand, increases were seen in the farm sector (0.3%) and services (0.2%) while both private and public spending expanded 0.3% each. Net trade also made a positive contribution. Considering full 2022, the GDP grew 2.9% easing from a 5% growth in 2021. The services sector jumped 4.2% and utilities 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 Bolsonaro boosted social expenses ahead of the election. For 2023, forecasts from a central bank poll point to a 0.8% growth. source: Instituto Brasileiro de Geografia e Estatística (IBGE)

GDP Growth Rate in Brazil averaged 0.56 percent from 1996 until 2022, reaching an all time high of 8.00 percent in the third quarter of 2020 and a record low of -8.70 percent in the second quarter of 2020. This page provides - Brazil GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Brazil GDP Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on March of 2023.

GDP Growth Rate in Brazil is expected to be 0.10 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Brazil GDP Growth Rate is projected to trend around 0.50 percent in 2024 and 1.00 percent in 2025, according to our econometric models.

Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

API Features Documentation Interested? Click here to contact us
Please Paste this Code in your Website
width
height
 Preview
Brazil GDP Growth Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-12-01 12:00 PM Q3 0.4% 1.0% 0.7% 1.4%
2023-03-02 12:00 PM Q4 -0.2% 0.3% -0.2% -0.9%
2023-06-01 12:00 PM Q1 -0.2% 0.1%


Related Last Previous Unit Reference
GDP Growth Rate -0.20 0.30 percent Dec 2022
GDP Annual Growth Rate 1.90 3.60 percent Dec 2022
GDP Constant Prices 314917.53 321468.38 BRL Million Dec 2022
Gross National Product 2501614.89 2450151.33 BRL Million Dec 2022
Gross Fixed Capital Formation 488456.05 499237.47 BRL Million Dec 2022
GDP from Utilities 16045.32 16686.97 BRL Million Dec 2022
GDP from Transport 9248.16 9280.23 BRL Million Dec 2022
GDP from Services 199295.29 197188.95 BRL Million Dec 2022
GDP from Public Administration 39334.87 39616.68 BRL Million Dec 2022
GDP from Mining 2557.90 2585.84 BRL Million Dec 2022
GDP from Manufacturing 29668.01 31800.56 BRL Million Dec 2022
GDP from Construction 7597.60 7537.87 BRL Million Dec 2022
GDP from Agriculture 13263.27 18843.95 BRL Million Dec 2022

Brazil GDP 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 for 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.
Actual Previous Highest Lowest Dates Unit Frequency
-0.20 0.30 8.00 -8.70 1996 - 2022 percent Quarterly

News Stream
Brazil GDP Sinks 0.2% in Q4
The Brazilian economy contracted 0.2% on quarter Q4 2022, the first decline since mid-2021 and in line with expectations, as high borrowing costs started to weigh. Manufacturing shrank 1.4%, construction 0.7% and utilities 0.4% while gross fixed capital formation sank 1.1%. On the other hand, increases were seen in the farm sector (0.3%) and services (0.2%) while both private and public spending expanded 0.3% each. Net trade also made a positive contribution. Considering full 2022, the GDP grew 2.9% easing from a 5% growth in 2021. The services sector jumped 4.2% and utilities 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 Bolsonaro boosted social expenses ahead of the election. For 2023, forecasts from a central bank poll point to a 0.8% growth.
2023-03-02
Brazilian GDP Growth Loses Some Momentum
Brazil’s gross domestic product rose 0.4 percent on quarter in the three months to September of 2022, below expectations of a 0.7 percent increase and following a downwardly revised 1.0 percent expansion in the previous period. Private consumption (1.0 percent vs. 2.1 percent in Q2) and gross fixed capital formation (2.8 percent vs. 3.8 percent) eased. Meanwhile, government spending rebounded (1.3 percent vs. -0.9 percent). Regarding net trade, exports advanced 3.6 percent (vs. -2.8 percent in Q2), while imports grew 5.8 percent (vs. 8.7 percent in Q2).
2022-12-01
Brazilian GDP Extends Growth Momentum
Brazil’s gross domestic product rose 1.2% on the quarter in the three months to June of 2022, surpassing expectations of a 0.9% increase and extending the expansionary momentum to four consecutive quarters. Growth was strongly supported by a 4.8% advance in gross fixed capital formation, rebounding from the 3% decline in the previous period. At the same time, household consumption rose by 2.6%, extending the 0.5% increase in the first quarter and marking the sharpest increase in one year. On the other hand, government expenditure contracted by 0.9%, picking up from the 0.1% drop. Meanwhile, net foreign demand contributed negatively to the GDP, as exports contracted by 2.5% and imports surged by 7.6%. On a yearly basis, the economy grew by 3.2%.
2022-09-01