Rio de Janeiro – The Brazilian per capita Gross Domestic Product (GDP) reached 19,016 reals (US$ 11,448) in 2010, according to the Brazilian Institute of Geography and Statistics (IBGE). The figure, which indicates the average wealth generated by each person, is the result of dividing the total GDP by the number of citizens in the country in the mid-year.
The result points out that there was growth of 6.5% in volume last year compared with 2009, when the per capita GDP was 16,634 reals (US$ 10,014).
According to the IBGE, the GDP grew by 7.5% in 2010 and totalled 3.675 trillion reals (US$ 2.2 trillion) at current values. The Brazilian population was 190.8 million by August. The figure became the basis for the result of the census.
In the decade that ended in 2010, the per capita GDP posted average annual growth of 2.4%, a higher rate than in the 1990s, when the average was 1.1% a year.
According to data disclosed by the institute, the rate of investment of the Brazilian economy reached 18.4% of the GDP in 2010. It is the highest rate since 2008, when the rate was 19.1%. The savings rate was equivalent to 16.5% of the GDP, higher than in the previous year (14.7%), but lower than in 2008 (18.8%).
The survey also indicates that in 2010, there was an increase in demand for financing, which reached 97,686 billion reals (US$ 58,811). In 2009, the demand was 56.916 billion reals (US$ 34,266).
*Translated by Gabriel Pomerancblum
