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Data from World Bank. Forecasts by Sigmanomics Forecast Engine.
BrazilBrazil GDP growth (annual %) fell to 2.91 Percentage (%) in January 2023
World BankYearlyReleased January 2023
Brazil GDP growth (annual %) fell to 2.91 Percentage (%) in January 2023, down 0.11 Percentage (%) from December's 3.02 Percentage (%) reading.
Latest Release
2.91
Latest (2023)
3.02
Previous
World Bank
Source
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| XAU/USD | ▲ Direct | +0.79 | COMMODITIES | Moves with | → View |
| USD/BRL | ▼ Inverse | −0.73 | FOREX | Moves against | → View |
| S&P 500 | ▼ Inverse | −0.65 | INDEX | Moves against | → View |
| EUR/USD | ▲ Direct | +0.54 | FOREX | Moves with | → View |
| Bovespa | ▼ Inverse | −0.31 | INDEX | Moves against | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Brazil GDP Growth Rate (Brazil) was reported at 1,149,930.80 Percent in May 2026. The reading fell from the previous value of 1,167,869.00 Percent. Over the past 12 months, the indicator has averaged 1,108,276.99 Percent, ranging from 1,023,703.20 Percent to 1,167,869.00 Percent across 10 releases. This is classified as a high-impact indicator released on a quarterly basis.
WHY IT MATTERS
The trailing three releases averaged 1,150,960.93 Percent, up from the prior three at 1,109,464.57 Percent. Volatility over the past year (σ 45,854.76 Percent) is higher than the prior year (σ 40,285.08 Percent). In August readings over the past 3 years, Brazil GDP Growth Rate has averaged 1,073,286.27 Percent.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with XAU/USD (Bullish XAU). A secondary relationship exists with USD/BRL, negatively correlated (Bearish USD).
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Interest Rate Decision (Sep 16) and CFTC BRL speculative net positions (Sep 18).
Auto-generated from current model state · Refreshes on each release · Last update August 2026.
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GDP growth (annual %) - BR
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About GDP growth (annual %) — Brazil
DEFINITION
Brazil GDP Growth Rate for July reached 1167869.000000 BRL, up from June’s 1135083.000000 BRL, marking a clear expansion in economic activity. This increase follows a steady rise from May’s 1142240.6 BRL, indicating sustained growth momentum. Market focus will remain on upcoming data releases to assess if this trend continues amid evolving economic conditions. Updated 8/13/26
WHY THIS INDICATOR MATTERS
Aggregate growth figures anchor cyclical positioning across asset classes and inform fiscal and monetary policy debate. Surprises against consensus typically move rates and currencies on release. Released quarterly.
WHAT CHANGED THIS MONTH
Latest reading (Aug 2026): actual 1,149,930.8 Percent. Prior reading (Jul 2026): 1,167,869 Percent. Before that (Jun 2026): 1,135,083 Percent.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a materially higher reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bullish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary tailwind in the current projection. This indicator correlates most strongly with XAU/USD (Bullish XAU, r=0.79) — a useful reference for commodities-focused traders.
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Economic Calendar - BR Events
| Tuesday, September 15, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 12:00 | BR | Retail Sales MoM | -0.8 | 0.3 | -0.2 | -0.50 | Medium |
| 12:00 | BR | Retail Sales YoY | 1.2 | 2.8 | 2.2 | 1.70 | Low |
| Wednesday, September 16, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 11:00 | BR | IGP-10 Inflation Index MoM | 1.5 | -0.5 | 1.3 | 1.40 | Low |
| 12:00 | BR | IBC-BR Economic Activity | -0.2 | -0.6 | -0.1 | -0.15 | Low |