Figures show that Brazil has been in recession for two years, marking the deepest economic decline since records began.
The economy contracted by 3.6 per cent in 2016, meaning it is now eight per cent smaller than it was in December 2014.
The country has been hard hit by the fall in commodity prices and an internal political crisis that has undermined investor confidence.
However, analysts believe the economy should start to pick up from here.
The two-year slump has seen the number of unemployed rise by 76 per cent to 12.9 million, a rate of 12.6 per cent.
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