Brazil GDP Annual Growth Rate

Last Release

Mar 31, 2025

Actual

2.9

Units In

1.9

Frequency

Quarterly

Next Release

Sep 02, 2025

Time to Release

3 Months 1 Days 8 Hours

Highest	Lowest	Average	Date Range	Source
12.3 Jun 2021	-10.7 Jun 2020	2.4 %	1991-2025	N/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

Brazil’s economy expanded by 2.9% year-on-year in Q1 2025, down from 3.6% in the previous quarter and below market expectations of 3.2%. Growth slowed in construction (3.4% vs 5.1%), services (2.1% vs 4.7%), the public sector (0.5% vs 1.7%), and industry (2.4% vs 2.5%). In contrast, agriculture rebounded sharply (10.2% vs -1.5%) after a year of declines, while utilities also recovered (1.6% vs -3.5%). On the demand side, household consumption decelerated (2.6% vs 3.7%), as did government spending (1.1% vs 1.2%) and fixed investment (9.1% vs 9.4%). Regarding net trade, exports advanced 1.2% (vs. -0.7% in Q4), while imports grew 14% percent (vs 16% in Q4).