From the Newsroom*
São Paulo – The Gross Domestic Product (GDP) for the first quarter this year grew by 4.3% compared with the same period in 2006, according to data from the Brazilian Institute for Geography and Statistics (IBGE). In the whole of last year, the Brazilian GDP increased by 3.7%.
The GDP for the first quarter reached 596.2 billion Brazilian reais (US$ 307 billion). From that amount, 28.7 billion reais (US$ 14.7 billion) came from the agricultural sector, 147.6 billion reais (US$ ) came from industry, and 334.7 billion reais (US$ ) came from the services sector. The sector that expanded the most, compared with the same period in 2006, was services, at a growth rate of 4.6%, followed by industry, at 3%, and agriculture, at 2.1%.
*Translated by Gabriel Pomerancblum
