{"id":325613,"date":"2023-03-02T11:08:48","date_gmt":"2023-03-02T14:08:48","guid":{"rendered":"https:\/\/anba.com.br\/?p=325613"},"modified":"2023-03-03T15:29:01","modified_gmt":"2023-03-03T18:29:01","slug":"brazils-gdp-grew-2-9-to-usd-1-9-trillion-in-2022","status":"publish","type":"post","link":"https:\/\/anba.com.br\/en\/brazils-gdp-grew-2-9-to-usd-1-9-trillion-in-2022\/","title":{"rendered":"Brazil\u2019s GDP grew 2.9% to USD 1.9 trillion in 2022"},"content":{"rendered":"<p>Rio de Janeiro \u2013 <strong>Brazil<\/strong>\u2019s <strong>gross domestic product<\/strong> (GDP) saw 0.2% quarter-on-quarter slowdown in the fourth quarter of 2021 but ended the year posting a 2.9% growth to BRL 9.9 trillion (USD 1.9 trillion). The GDP per capita reached BRL 46,155 (USD 8,846) last year, up 2.2% from the previous year.<\/p>\n<p>The data are from the System of Quarterly National Accounts announced Thursday (2) by the Brazilian Institute of Geography and Statistics (<strong>IBGE<\/strong>). The GDP growth in 2022 was driven by rises in services (4.2%) and industry (1.6%) that accounted for a combined 90% of the index. Farming declined 1.7% in 2022.<\/p>\n<p>\u201cThe two most eye-catching activities were some of those that saw the highest growth in 2021 (too), following declines in 2020: <strong>transportation and other services<\/strong>, which include categories of personal and professional services. This was a continuation of the resumption of the demand from services following the COVID-19 pandemic. In other services, we can highlight sectors related to <strong>tourism<\/strong> such as food services, hospitality services, and car rental,\u201d IBGE National Accounts coordinator Rebeca Palis said.<\/p>\n<p>According to the IBGE, the highest highlight in industry was electricity and gas, water, sewage, and waste management activities (10.1%), which saw more favorable tariff rate flags in 2022.<\/p>\n<p>The <strong>farming sector was down 1.7%<\/strong> last year, driven by a decreased production and lost productivity in agriculture, which overcome the positive contribution of livestock and fishery. \u201cSoybean, the leading product of Brazilian farms, saw an estimated decline of 14.4% in production, thus pushing down the result of farming due to the impact of adverse climatic effects,\u201d the researcher explained.<\/p>\n<p><strong>Translated by Guilherme Miranda<\/strong><\/p>\n<div class=\"credits-overlay\" data-target=\".wp-image-325610\">\u00a9Luiz Souza\/Nur Photo\/AFP<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The country\u2019s economy grew last year compared to 2021, mainly driven by services and industry. Agriculture was down.<\/p>\n","protected":false},"author":2315,"featured_media":325610,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[91],"tags":[39372,39370,39371,3308,39373,7608,9756,39369,10550,12924,42478,29058,29061,26890,29062,26891,26882],"class_list":{"0":"post-325613","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-agriculture-gdp","9":"tag-brazil-agriculture","10":"tag-brazil-farming","11":"tag-brazil-gdp","12":"tag-brazil-services","13":"tag-brazilian-gdp","14":"tag-gdp-en","15":"tag-industry-gdp","16":"tag-pib-en","17":"tag-pib-ar","18":"tag-pib-brasileiro-en-2","19":"tag-pib-do-brasil-en","20":"tag-pib-industria-en-2","21":"tag-pib-industria-en","22":"tag-pib-servicos-en-2","23":"tag-pib-servicos-en","24":"tag-services-gdp"},"wps_subtitle":"The country\u2019s economy grew last year compared to 2021, mainly driven by services and industry. Agriculture was down.","_links":{"self":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/325613","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/users\/2315"}],"replies":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/comments?post=325613"}],"version-history":[{"count":0,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/325613\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media\/325610"}],"wp:attachment":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media?parent=325613"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/categories?post=325613"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/tags?post=325613"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}