Agência Brasil*
Rio de Janeiro – The Brazilian Gross Domestic Product (GDP), i.e. the sum of all goods and services produced in the country, has ended the first three quarters of the year with an accumulated growth rate of 5.3%, compared with the same period of 2006. The result is the highest for the period since 2004, when the expansion stood at 6.1%.
The industrial sector led the increase with a 5.1% expansion, services grew 4.7% and agriculture increased 4.3%.
From the second to the third quarter, the economy expanded 1.7% to reach 645.2 billion reals (US$ 365.5 billion), of which 551.6 billion reals (US$ 312.5) consisted of value added to the economy, and 93 billion reals (US$ 52.6 billion) consisted of tax collected.
During the period, agriculture was a highlight, with a 7.1% expansion, followed by industry, which grew 1.8%, and the services sector, with 1.2%.
Compared with the third quarter of 2006, the economy grew 5.7%. Using the same basis for comparison, the highlight was agriculture, which expanded 9.2%, followed by industry, with 5%, and services, with 4.8%.
The figures were disclosed today (12th) by the Brazilian Institute for Geography and Statistics (IBGE).
*Translated by Gabriel Pomerancblum
