Economy

Brazil's economy grows 2.5% in first quarter

The comparison takes into account the same period in 2023

Bruno de Freitas Moura

Published on 04/06/2024 - 11:08

Agência Brasil - Rio de Janeiro

Produção de peças para veículos
15/12/2016 REUTERS/Jorge Adorno — © REUTERS/Jorge Adorno/Proibida reprodução

The Brazilian economy grew by 2.5 percent in the first quarter of the year, compared to the same period last year. Compared to the last quarter of 2023, the Gross Domestic Product (GDP), which encompasses the total of all goods and services produced in the country, rose by 0.8 percent.

Over the past 12 months, the country's economy has grown by 2.5 percent. These figures were released on Tuesday (Jun. 4), by the government´s statistics agency IBGE. In current values, Brazil's GDP stands at BRL 2.7 trillion.

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