Led by Industry Economy Grows 5.4% in Brazil

    Brazilian industry

    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    Your email address will not be published.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

    Brazilian Piano Man Overcomes Stroke and Shines Anew in New York

    He was born to a traditional upper-middle-class family in Rio. Like just about everybody ...

    Imigrantes highway with traffic jam

    Brazil Ready to Lend US$ 60 Billion to Help Businesses

    In a bid to speed up the Brazilian economy's recovery, Brazil is going to ...

    1968 for ever

    As in other parts of the world, 1968 was an eventful year in Brazil. ...

    “Moro no Brasil”: Brazil’s Joy and Pain Through Her Music

    "Moro no Brasil," (aka "The Sound of Brazil") Finnish director Mika Kaurismaki’s 2500 mile ...

    São Paulo's Avenida Paulista

    By Year’s End Brazil Should Become the World’s Sixth Economy, Surpassing the UK

    Reports from the International Monetary Fund and international private consultants show that at the ...

    Party

    The boy brings the beverage, the glasses and soon after, in a little plate, ...

    Brazil Has Already Freed 16,407 Slave Workers

    Brazil’s Ministry of Labor’s Special Mobile Inspection Group freed 79 workers from slave labor ...

    Rice grown in Rio Grande do Sul, Brazil

    Rising Dollar Boosts Brazil’s Rice Growers Exports and Profits

    Neither the global economic meltdown nor a new auction of 50,000 tons of public ...

    Brazil to Stay in Haiti Till New President Takes Office in 2006

    The United Nations Security Council approved, today, an extension of the mission of the ...

    Regis Silva at work

    Regis Silva Brings Brazil’s Abundance and Famine to America’s Art Scene

    To gain entrance into the work of Brazilian artist Regis Silva, it is important ...