Brazil GDP steady in second quarter this year

Stability comes after three consecutive months on the rise

Published in 01/09/2021 - 15:59 By Akemi Nitahara - Rio de Janeiro

Brazil’s gross domestic product (GDP) remained steady in the second quarter of 2021 compared to the first quarter this year. There was a negative variation of 0.1 percent, which the government’s statistics agency IBGE regards as stable. The figures come from the National System of Quarterly Accounts, and were published today (Sep. 1) by the IBGE.

According to the institute, the stability comes after three consecutive months of economic growth and the GDP continues at the threshold seen in late 2019 and early 2020, before the COVID-19 pandemic started. However, it is 3.2 percent below the highest point of economic activity in this time series, attained in the first quarter of 2014. In current values, the GDP reached R$ 2.1 trillion.

“With this result, the Brazilian economy advanced 6.4 percent in the first half-year. For the last four quarters, it has shown an increase of 1.8 percent, and in the comparison with the second quarter last year, it grew 12.4 percent,” the IBGE reported.

Translation: Fabrício Ferreira -  Edition: Maria Claudia

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