Brazil’s economy grew 0.5% from April to June compared with the previous quarter and 2% year on year. Agriculture led growth.
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Growth was driven by the non-oil sector, which expanded 4.8% during the period, according to the Qatar Central Bank.
In an assessment released Thursday (23), the International Monetary Fund said Brazil’s economy has shown remarkable resilience despite a challenging global environment and is expected to grow 2.4% this year.
The expansion refers to the first three months of 2026. Compared to the same period a year earlier, the economy grew 1.8%, according to the government statistics agency.
The International Monetary Fund released a funding tranche to the country and lowered its inflation forecast after analyzing the local economy. The institution estimates Comoros’ GDP will grow more in 2026 than in 2025.
In 2025, international visitors spent USD 7.865 billion in Brazil, a 7.1% increase compared to 2024, according to the Latin American giant’s Central Bank.
Brazil’s gross domestic product rose 0.1% in the third quarter compared to the previous three months and 1.8% year-on-year, reaching USD 602 billion.
The projected growth represents a slowdown compared to last year, when the country expanded by 6.3%. Prospects, however, remain positive, according to the IMF.
The Brazilian economy grew in the first quarter of the year but rose more—2.2%—compared to the second quarter of 2024, according to official IBGE data.
An IMF analysis indicates a decline in oil GDP, but domestic consumption and government projects will sustain growth in other sectors and the country as a whole.
The GDP of the Arab country grew less in 2024 but is expected to advance this year based on the performance of the oil sector. Public spending also supports part of Libya’s economy.
The year-on-year growth was driven by the non-oil sector of the economy.
Brazil’s economy saw 1.4% growth in the first quarter of the year compared to the last quarter of 2024, fueled by agriculture, which was up 12.2%.
An International Monetary Fund report highlights the Gulf Cooperation Council nations’ strategies to increase the digital sector’s share of GDP and make it dominant in government services.
