• Categories
  • Archives

Led by Industry Economy Grows 5.4% in Brazil

Brazilian industry The Brazilian economy grew by 5.4% in the second quarter compared with the same period of last year. Therefore, the sum of the riches produced in the country (Gross Domestic Product – GDP) during the first half of the year totals an accumulated growth rate of 4.9 % in comparison with 2006.

The accumulated rate for the four quarters ending last June (annualized rate) stands at 4.8%.

The data, disclosed by the Brazilian Institute of Geography and Statistics (IBGE), show that the Brazilian GDP grew 0.8% from the first to the second quarter this year, to reach 630.2 billion Brazilian reais (US$ 326.4 billion).

Of this total, 542.7 billion reais (US$ 281.1 billion) represent value added to basic prices, and 87.5 billion reais (US$ 45.3 billion) represent taxes.

The highlight in terms of expansion during the second quarter was industry, which grew 1.3%. The services sector grew 0.7%, and agriculture, 0.6%. In comparison with the second quarter of 2006, the 5.4% increase was also led by the industry sector, which expanded 6.8%; the services sector grew 4.8%, and agriculture, just 0.2%.

The Gross Domestic Product (GDP) had grown by 4.3% in the first quarter compared with the same period in 2006, The GDP for the first quarter reached 596.2 billion Brazilian reais (US$ 307.3 billion).

From that amount, 28.7 billion reais (US$ 14.7 billion) came from the agricultural sector, 147.6 billion reais (US$ 76.1 ) came from industry, and 334.7 billion reais (US$ 172.5) came from the services sector.

The sector that expanded the most, in the first quarter, compared with the same period in 2006, was services, at a growth rate of 4.6%, followed by industry, at 3%, and agriculture, at 2.1%.

Tags:

  • Show Comments (0)

Your email address will not be published. Required fields are marked *

comment *

  • name *

  • email *

  • website *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Ads

You May Also Like

Half of Brazil Agriexports Goes to Emerging Countries. China Gets 8%

The share of developing nations in purchases of Brazilian agricultural products rose from 39.6% ...

Brazil's Petrobras refinery

Brazil/Algeria Accord to Bring Gas to Brazil

Brazilian state-controlled oil company Petrobras and Algerian state-owned Sonatrach, signed on Saturday, May 26, ...

Brazil to Adopt Rapid Strike Force as New Military Model

The Brazilian government neither intends nor is it planning a massive troop build-up along ...

Presidential candidate Rousseff Wants More State Capital in Brazil’s Airlines

Dilma Rousseff, the Brazilian presidential candidate handpicked by president Luiz Inácio Lula da Silva, ...

Smoking: Brazil’s Gift to the World

Tobacco smoking was the great indigenous legacy to civilization. Not every cultivated person dares ...

Brazilian Embraer Forecasts Delivery of Up to 200 Jets in 2008

Brazil's airplane manufacturer Embraer delivered 52 commercial jets in the second quarter of this ...

Whale Strayed in Brazil’s Amazon Dies Before It Can Be Rescued

A Minke whale that had strayed deep into the Amazon rainforest has been found ...

Leaders of Police Rebellion in Brazil Use Women and Kids as Human Shields

Human shields: the same tactic used by Saddam Hussein during the US invasion of ...