Brazil’s GDP grew 1.1% in the first quarter of 2026.

Brazil's Gross Domestic Product (GDP) grew 1.1% in the first quarter of 2026 compared to the previous three months, the Brazilian Institute of Geography and Statistics (IBGE) reported on Friday morning (29). The result was slightly above market expectations, which pointed to a 1.0% increase. From a production perspective, the growth in Agriculture (2.0%) stands out, followed by Industry (1.0%) and the Services sector (0.5%). In current values, the GDP totaled R$ 3.3 trillion in the period, with R$ 2.8 trillion referring to Value Added (VA) at basic prices and R$ 461.2 billion to Taxes on Products net of subsidies. In the same period, the investment rate was 16.5% of GDP, remaining below that observed in the same period of the previous year (17.6%). The savings rate was 15.5% in the quarter (compared to 15.8% in the same period of 2025). Compared to the same period last year, GDP advanced 1.8%, with growth in Agriculture (0.7%), Industry (1.6%) and Services (2.1%). The performance was in line with analysts' expectations.

This text was translated by machine from Brazilian Portuguese.