Brazil Economy Grows 1.4% in Q4

Brazilian GDP expanded 1.4 percent YoY and 0.6 percent QoQ in the fourth quarter of 2012.
IBGE | Duarte Ricardo | duarte.ricardo@tradingeconomics.com 3/1/2013 1:52:12 PM

In relation to the third quarter of 2012, the GDP (Gross Domestic Product) of the fourth quarter posted a positive change of 0.6%, in the seasonally adjusted series.  Among the economic activities, services are a highlight, growing 1.1%. The industry had a positive change of 0.4%, whereas agriculture and livestock farming recorded a drop (-5.2%).

In comparison with the fourth quarter of 2011, the GDP grew 1.4%. The value added at basic prices rose 1.1% and the taxes less subsidies on products grew 2.7%. Among the economic activities, services are again a highlight, growing 2.2%. The industry held steady (0.1%) and agriculture and livestock farming posted a drop (-7.5%).
 
In 2012, compared to 2011, the expansion was of 0.9%, due to the 0.8% rise in the value added at basic prices and to the 1.6% growth of the taxes less subsidies on products. Services were the positive highlight (1.7%), whereas agriculture and livestock farming (-2.3%) and the industry (-0.8%) decreased. Thus, the GDP in current values reached R$ 4.403 trillion in 2012. The per capita GDP achieved R$ 22,402, remaining virtually unchanged (0.1%/) in relation to 2011.

Brazil Economy Grows 1.4% in Q4