The Brazilian economy grew 1.1 percent in the first quarter of 2026 compared to the last quarter of 2025. Over the past 12 months, there was a two percent expansion.

The gross domestic product (GDP) was announced Friday morning (May 29) by the statistics bureau IBGE.

Compared to the same period last year, GDP growth stands at 1.8 percent.

In current values, Brazil’s GDP reached BRL 3.3 trillion in the first quarter, approximately USD 646 billion.

Sectors

Comparing the two consecutive quarters, the three sectors surveyed showed growth – agriculture (2%), industry (1%), and services (0.5%).

Industry accounted for 23 percent of GDP in the first quarter. Within the sector, the activities that most drove growth were mineral extraction (3.6%) and construction (2.9%).

The services sector, which accounts for 70 percent of the Brazilian economy, was driven by growth in information and communication (2.4%), real estate (1.2%), other service activities (0.8%), and trade (0.6%).

Household consumption expenditure (1%) and gross fixed capital formation (3.5%), which measures the level of investment, were also on the rise. Government consumption rose 0.4 percent.

Exports fell by 1.7 percent, while imports went up 4.4 percent.