In the fourth quarter, GDP increased a seasonally adjusted 0.7% over the previous quarter. The reading represented an acceleration compared to the 0.4% growth in Q3 but came in slightly below market expectations of a 0.8% expansion. On a year-on-year basis, the economy expanded 5.0% in the final quarter of the year (Q3: +6.7% year-on-year). The acceleration over the previous quarter reflected resilient private consumption and a more favourable contribution from the external sector to overall economic growth. Private consumption accelerated from 1.8% in Q3 to 2.5% in Q4. In contrast, both government consumption and fixed investment decelerated over Q3. Investment expanded a dismal 0.6% in the fourth quarter, following on the more robust 3.1% expansion in the third quarter. Exports of goods and services rose 3.6% in Q4 (Q3: +4.2% quarter-on-quarter), while imports increased 3.9% (Q3: +7.1% qoq). Owing to the stronger deceleration in imports, the contribution from the external sector to overall economic growth improved somewhat but remained negative. In the full year 2010, the economy expanded 7.5%, which marked the fastest pace in 25 years and represents a strong rebound from the 0.6% contraction tallied in 2009.
Economy grows at fastest pace in 25 years
March 3, 2011
Looking for forecasts related to GDP in Brazil? Download a sample report now.
Brazil Economic News
October 19, 2016
At its 19 October meeting, the Central Bank’s Monetary Policy Committee (COPOM, Comite de Politica Monetaria) decided to cut the benchmark SELIC interest rate for the first time in four years, lowering it from 14.25% to 14.00%.
October 18, 2016
Retail sales (excluding cars and construction) fell 0.6% in August from the previous month in seasonally-adjusted terms.
October 7, 2016
Consumer prices in September increased 0.08% over the previous month, the lowest rise since July 2014.
October 4, 2016
In August, industrial production plunged 3.8% over the previous month in seasonally-adjusted terms, which significantly contrasted the 0.1% expansion recorded in July and marked the worst result since January 2012.
October 3, 2016
The Markit manufacturing Purchasing Managers’ Index (PMI) rose slightly in September, increasing from August’s 45.7 to 46.0.