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Brazil’s GDP Grows to US$ 609 Billion Up to September

The Gross Domestic Product (GDP) of Brazil totaled US$ 609 billion in the period from January to September, according to figures supplied Thursday, December 15, by the Brazilian Institute of Geography and Statistics (IBGE).

The goods and services produced in the country in the third quarter of this year alone totaled US$ 216,7 billion, which represented an increase of 8.86% when compared to the GDP of the same period last year, which totaled US$ 199 billion.

From July to September 2005, family consumption totaled US$ 118.4 billion, against US$ 108.4 billion in the same period last year. Investment represented US$ 44.3 billion, against US$ 41.6 billion in the third quarter of 2004, and government expenses totaled US$ 40.6 billion, against US$ 35.8 billion in the same period last year.

Taxes collected totaled US$ 22.7 billion from July to September this year, whereas they had totaled US$ 20.7 billion in the same period last year.

The analysis per sector shows that industry contributed with US$ 78.7 billion (against US$ 73.3 billion in the third quarter of 2004), agriculture contributed US$ 16.5 billion (US$ 15.7 billion in the previous year) and services US$ 109.2 billion (as against US$ 98 billion in the period in the previous year).

The increase in Brazilian exports also contributed to the growth of the country GDP. From January to September this year, foreign sales totaled US$ 86.71 billion, against US$ 70.27 billion exported in the same period last year, which represented growth of 23.4%.

According to forecasts by the Institute of Applied Economic Research (Ipea), an organization connected to the Ministry of Planning, the country GDP should grow 2.3% this year.

Anba – www.anba.com.br

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  • Show Comments (2)

  • Guest

    Sorry.
    Lamentable from the IBGE !

    Cheers

  • Guest

    Hidden and erroneous numbers.
    Officially your 3rd quarter GDP growth year on year is 1 % ONLY.

    Therefore the difference between the official 1 % and the number of 8.86 % is unexplained, except that it represents the increase of the Reais to the US$.

    Then you will find that the problem is even far bigger !!! Because the Reais increased by far more than the difference between 1 and 8.86 % !

    Buggy Buggy Brazilian numbers ?
    Could it be unknown IPEA maths ?
    Or from cheap and incorrect Brazilian softwares ?

    What is sure is that your own numbers dont match with your own numbers !
    There are other numbers stated in the article that simply cannot be true. Too long to list and explain them.

    Even adding the per sector analysis doesnt equal by a wide margin the total of the 3rd quarter GDP mentioned.

    Lamentable coming from an Institute of Applied Research.

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