Brazil Economy in Brief – Q1 2022

Webinar Overview


In Q4 2021, the Brazilian economy returned to growth, with real GDP increasing by a seasonally adjusted 0.5% q/q following two successive quarters of decline. The annual pace of expansion decelerated to 1.6% y/y from 4% y/y in Q3, which led to an annual average growth rate of 4.6% for 2021 following a contraction of 3.9% the year before.

In the full year of 2021, the agricultural production edged down by 0.2%, with crops such as sugarcane, corn and coffee undermined by adverse weather conditions, which also affected livestock production. The general industry and the services sector supported the economic performance throughout the year, with many services activities recovering in line with the vaccination campaign. The country ended 2021 with 75.6% of its population vaccinated with at least one dose of the vaccine.


ISI Emerging Markets Group Brazil Research Economist, Adriano Morais, explores the recent performance of the economy and what the high-frequency indicators of the economy are signalling at present.

Watch the webinar trailer below.