Brazilians Save One Quarter of GDP

Between July and September, Brazilians saved the equivalent of nearly a quarter of all the wealth produced in the country during the period.

A study by the Brazilian Institute of Geography and Statistics (IBGE) shows that the economy’s savings rate in the third quarter of the year amounted to 24.5% of the Gross Domestic Product (GDP).

Last year’s third quarter rate was 25.4% of the GDP. Despite the drop, the figure for this year’s third quarter is still the second best result since 1995, when the IBGE began its Quarterly National Accounts series. It is only surpassed by last year’s figure.

Maria Laura Muanis, an economist at the IBGE, thinks that the country’s savings have reached a high plateau.

"All the economic actors, such as families and the government, are saving more," she added.

ABr

Tags:

You May Also Like

Lula Is Ahead in the Polls. This Time Around Brazilian Markets Cheer.

Latin American stocks advanced, with Brazilian shares getting a boost from robust local retail ...

Brazil’s House Speaker Wasn’t Bribed Says Entrepreneur

After testifying before the members of the investigatory commission installed in the Brazilian Chamber ...

Oswaldo Cruz Foundation headquarters in Brazil

Brazil to Offer Masters Degree in US, Europe and Africa

Brazil's Foundation for Improvement of Higher Education Students (Capes) and the Oswaldo Cruz Foundation ...

Brazilians Insulted That Coming Rousseff’s Trip to White House Is Not State Visit

Although relations between Brazil and the United States are supposed to be excellent when ...

Brazil and Vietnam Exchange Favors

During his visit to São Paulo, the president of Vietnam, Tran Duc Luong, declared ...

Brazil in the Opec, Just an Electoral Trick

Whoever imagines Brazilian President Lula following his own advice, in other words, waiting to ...

Brazil’s First Job Program Includes Youths from Quilombos

For the first time youths who reside in Quilombos will be included in the ...

Maverick Darcy Ribeiro blasts off

Interview with Darcy Ribeiro “We are, in fact, the new Rome, but a better ...

Brazil Supreme Justice Frees Man Accused of Killing Union Leader

A Brazilian Supreme Court justice has suspended the trial by jury of a farmer/landowner, ...

Por aí

Sounds of Brazil The traditional and the experimental in Brazilian music are having a ...