Brazil’s GDP Grows to US$ 609 Billion Up to September

The Gross Domestic Product (GDP) of Brazil totaled US$ 609 billion in the period from January to September, according to figures supplied Thursday, December 15, by the Brazilian Institute of Geography and Statistics (IBGE).

The goods and services produced in the country in the third quarter of this year alone totaled US$ 216,7 billion, which represented an increase of 8.86% when compared to the GDP of the same period last year, which totaled US$ 199 billion.

From July to September 2005, family consumption totaled US$ 118.4 billion, against US$ 108.4 billion in the same period last year. Investment represented US$ 44.3 billion, against US$ 41.6 billion in the third quarter of 2004, and government expenses totaled US$ 40.6 billion, against US$ 35.8 billion in the same period last year.

Taxes collected totaled US$ 22.7 billion from July to September this year, whereas they had totaled US$ 20.7 billion in the same period last year.

The analysis per sector shows that industry contributed with US$ 78.7 billion (against US$ 73.3 billion in the third quarter of 2004), agriculture contributed US$ 16.5 billion (US$ 15.7 billion in the previous year) and services US$ 109.2 billion (as against US$ 98 billion in the period in the previous year).

The increase in Brazilian exports also contributed to the growth of the country GDP. From January to September this year, foreign sales totaled US$ 86.71 billion, against US$ 70.27 billion exported in the same period last year, which represented growth of 23.4%.

According to forecasts by the Institute of Applied Economic Research (Ipea), an organization connected to the Ministry of Planning, the country GDP should grow 2.3% this year.

Anba – www.anba.com.br

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