GDP per capita in Brazil
Brazil - GDP per capita (U.S. Dollars)
Growth slips through last year-end
Fourth-quarter national accounts revealed that Brazil’s two-year-old economic recovery stumbled through last year-end. Economic growth is estimated to have come in at a seasonally-adjusted 0.1% quarter-on-quarter, down from the third quarter’s 0.5% quarter-on-quarter outturn and well below analysts’ expectations.
Domestically, fixed investment fell sharply from a quarter earlier (Q4: -2.5% quarter-on-quarter s.a.; Q3: +5.5% qoq s.a.) amid plunging inventories and higher borrowing costs. Moreover, government spending fell (Q4: -0.3% qoq s.a.; Q3: +0.3% qoq s.a). Household spending, meanwhile, largely held up (Q4: +0.4% qoq s.a.; Q3: +0.5% qoq s.a) in line with the improving labor market and despite election-year political wrangling.
On the external front, growth of exports of goods and services moderated considerably (Q4: +3.6% qoq s.a.; Q3: +6.3% qoq s.a) amid regional tumult and an increasingly challenging economic backdrop. Imports of goods and services, on the other hand, contracted sharply (Q4: -6.6% qoq s.a.; Q3: +9.4% qoq s.a) in line with fewer receipts of machinery and equipment.
On an annual basis, growth slowed to 1.1% from 1.3% a quarter earlier.
LatinFocus Consensus Forecast panelists see growth at 2.4% in 2019, which is unchanged from last month’s estimate. For 2020, the panel sees the economy growing 2.5%.
Brazil - GDP per capita (USD) Data
|GDP per capita (USD)||12,278||12,116||8,785||8,720||9,896|
5 years of economic forecasts for more than 30 economic indicators.
|Bond Yield||8.90||-0.82 %||May 13|
|Exchange Rate||3.99||-0.13 %||May 13|
|Stock Market||91,727||-0.11 %||May 13|
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May 15, 2019
In March, economic activity decreased 0.3% in seasonally-adjusted month-on-month terms, according to the Central Bank’s monthly indicator for economic activity.
May 11, 2019
Retail sales (excluding cars and construction) increased 0.3% from the previous month in seasonally-adjusted terms in March, a mild increase from February’s flat growth.
May 11, 2019
Consumer prices rose 0.57% in April over the previous month, a softer gain than March’s 0.75% increase and undershooting expectations of a larger 0.68% rise.
May 9, 2019
At its 7–8 May meeting, the Central Bank of Brazil’s Monetary Policy Committee (COPOM) unanimously decided to keep the benchmark SELIC interest rate at its record low of 6.50%, where it has rested since the Central Bank paused its long and aggressive easing cycle in March 2018.
May 3, 2019
Industrial production plunged 1.3% month-on-month in seasonally-adjusted terms in March, the largest contraction since September 2018.