GDP per capita in Brazil
Brazil - GDP per capita (U.S. Dollars)
Economy gains steam in Q1
GDP growth accelerated to 1.0% on a seasonally-adjusted quarter-on-quarter basis in the first quarter, from 0.7% in the fourth quarter of last year. Q1's reading marked the best reading since Q1 2021.
Household spending growth was stable at 0.7% in Q1 (Q4 2021: +0.7% s.a. qoq), likely supported by lower unemployment and renewed policy stimulus in the form of tax cuts, subsidies and a revamped cash transfer program (Auxilio Brasil). Government consumption growth clocked 0.1% (Q4 2021: +0.9% s.a. qoq). Meanwhile, fixed investment contracted 3.5% in Q1, marking the worst reading since Q2 2021 (Q4 2021: +0.8% s.a. qoq), amid political uncertainty and tighter financial conditions.
Exports of goods and services bounced back, growing 5.0% seasonally-adjusted quarter-on-quarter in the first quarter, which marked the best reading since Q2 2021 (Q4 2021: -0.2% s.a. qoq). Conversely, imports of goods and services deteriorated, contracting 4.6% in Q1 (Q4 2021: +0.1% s.a. qoq).
On an annual basis, economic growth edged up to 1.7% in Q1, compared to the previous quarter's 1.6% expansion.
Regarding the outlook for the rest of the year, Goldman Sachs’ Alberto Ramos said:
“Part of the resilient Q1 growth momentum will carry over to Q2, but H2 is expected to face intense headwinds from, among other things, very tight domestic financial conditions, double digit inflation, record high level of household indebtedness, the noise and uncertainty generated by a polarizing election in Oct-Nov, and the fading favorable impact of the reopening of the economy.”
FocusEconomics analysts see the economy expanding 0.7% in 2022, which is up 0.1 percentage points from last month’s forecast, and 1.4% in 2023.
Brazil - GDP per capita (USD) Data
|GDP per capita (USD)||8,827||8,774||9,973||9,040||8,760|
5 years of economic forecasts for more than 30 economic indicators.
|Bond Yield||6.79||-0.82 %||Dec 31|
|Exchange Rate||4.02||-0.13 %||Jan 01|
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September 2, 2022
Industrial output increased 0.6% month-on-month in seasonally-adjusted terms in July (June: -0.3% mom).
August 25, 2022
The seasonally-adjusted consumer confidence index published by the Getulio Vargas Foundation (Fundação Getúlio Vargas) came in at 83.6 in August, up from July's 79.5.
August 15, 2022
Economic activity expanded 0.7% in month-on-month seasonally-adjusted terms in June, which contrasted May's 0.3% decrease.
August 10, 2022
Retail sales dropped 1.4% in month-on-month seasonally-adjusted terms in June, which was a larger contraction than May's 0.4% decrease.
August 9, 2022
Consumer prices fell a seasonally-adjusted 0.68% over the previous month in July, contrasting the 0.67% rise seen in June.