Search Icon
FXEMPIRE
icon
Advertisement
Advertisement

Search Indicator:

Choose Country
icon
Choose Indicator
icon

Brazil GDP Annual Growth Rate

Last Release
Dec 31, 2022
Actual
1.9
Units In
%
Previous
3.6
Frequency
Quarterly
Next Release
May 30, 2025
Time to Release
2 Months 20 Days 5 Hours
Highest
Lowest
Average
Date Range
Source
12.3
Jun 2021
-10.7
Jun 2020
2.4 %1991-2022N/A
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.

Latest Updates

The Brazilian economy grew by 3.6% year-on-year in the fourth quarter of 2024, slowing from a 4.0% expansion in the previous quarter and falling slightly short of market expectations of 4.1%. Output growth decelerated across both industry (2.5% vs. 3.6% in Q3) and services (3.4% vs. 4.1%), while agricultural activity contracted for the fourth consecutive quarter (-1.5% vs. -0.8%). On the demand side, household consumption eased to 3.7% (from 5.5%), government spending rose by 1.2% (down from 1.3%), and fixed investment slowed to 9.4% (from 10.8%). Net trade also had a negative impact, with exports falling 0.7% and imports surging 16.0%. For the full year of 2024, Brazil's economy grew by 3.4%, marking the strongest annual expansion since 2021.

Brazil GDP Annual Growth Rate History

Last 12 readings

Trade With A Regulated Broker