Rio de Janeiro – Brazilian Gross Domestic Product (GDP) ended 2018 with a 1.1% growth over 2017, in the seasonally-adjusted series. It is the second consecutive growth of the GDP, which reached BRL 6.8 trillion (USD 1.8 trillion). These data are part of the Quarterly Accounts (GDP) of the 4th quarter of 2018, including the end of the year, and were released by the Brazilian Institute of Geography and Statistics (IBGE, acronym in Portuguese). GDP had also ended 2017 with a 1.1% growth but posted decreases in the two previous years: 3.3% in 2016 and 3.5% in 2015.
The highlight was the services sector, with the highest growth (1.3%), followed by industry (0.6%) and agriculture (0.1%). The services sector accounted for 75.8% of the GDP, registering positive rates in all six activities surveyed. The main highlights of the sector were posted in real estate activities, which grew by 3.1%, and commerce, with a 2.3% climb. “These activities were benefited by a more stable market, together with a more controlled inflation and an unemployment rate slightly lower than in the previous year,” stressed IBGE National Accounts manager Cláudia Dionísio.
Translated by Guilherme Miranda
