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Brazil's economy grew 2.3% in 2013

GDP closed out at $2.063 trillion

Published in 27/02/2014 - 12:11

By Vitor Abdala reports from Agência Brasil Rio de Janeiro

The Brazilian Geography and Statistics Institute (IBGE) reported Thursday (Feb. 27) that the Gross Domestic Product (GDP) – the sum of all goods and services produced in the country – closed out 2013 at $2.063 trillion, a 2.3% growth from the previous year. In 2012, the Brazilian economy had grown by 1%.

In the fourth quarter 2013, GDP was 0.7% up on the previous quarter, and 1.9% up from the same period in 2012.

Production grew in the three economic sectors, with farming on the lead with 7%, followed by services, 2%, and industry, 1.3%.

On the demand side, the biggest growth was seen in gross fixed capital formation (investments), 6.3%, with smaller increases recorded for household (2.3%) and government (1.9%) expenditures.

In foreign trade, increases in imports (8.4%) topped exports (2.5%).

Translated by Mayra Borges

Fonte: Brazil's economy grew 2.3% in 2013
Edition: José Romildo / Nira Foster

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