Rio de Janeiro – The Brazilian Institute of Geography and Statistics (IBGE) revised up the country’s Gross Domestic Product (GDP) in 2012 and 2013. GDP growth was revised from 1.8% to 1.9% for 2012 and from 2.7% to 3% for 2013.
The revision is due to a new methodology adopted by the IBGE, incorporating new data from the agricultural census and the budgets of Brazilian families.
As per the new data, the Brazilian GDP reached BRL 4.8 trillion in 2012 and BRL 5.3 trillion in 2013. As a result, per capita GDP, an indicator of quality of life in the country, changed to BRL 24,121 in 2012 and BRL 26,445 in 2013.
*Translated by Gabriel Pomerancblum
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