Brazil GDP Growth Rate by Year (1961-2023)
Brazil's economic trajectory has been characterized by phases of rapid growth and deep recessions. The 1960s and early 1970s experienced high growth, peaking at 14.0% in 1973 due to industrialization. The 1980s, however, were plagued by economic stagnation and high inflation, with GDP contracting by -4.4% in 1990. The early 2000s brought about economic stability and growth, peaking at 7.5% in 2010. Yet, Brazil's economy faced multiple setbacks, including a severe recession in 2015-2016, driven by political turmoil and fiscal challenges. The COVID-19 pandemic led to a contraction of -3.3% in 2020, but recovery efforts saw growth rebound to 4.8% in 2021. The following years showed moderate growth, stabilizing at around 2.9% in 2023, as economic reforms continued.
Explore related charts to gain a better understanding of Brazil’s agriculture share in GDP, Brazil’s GDP balance estimate, Brazil’s population trend.
