Agência Brasil*
Rio de Janeiro – The Brazilian economy grew by 5.4% in the second quarter of the current year, 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 for 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%.
*Translated by Gabriel Pomerancblum
