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.

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.

IBGE | Duarte Ricardo | duarte.ricardo@tradingeconomics.com
3/1/2013 1:52:12 PM