• Categories
  • Archives

Brazil’s Industry Leads Best Growth in 9 Years

The Brazilian Gross Domestic Product(GDP) rose 5.3% from January to September this year. This is the largest evolution registered since 1995.

These figures were supplied November 30 by the Brazilian Institute for Geography and Statistics (IBGE). There has not been such significant growth since the first nine months of 1995, when the country GDP rose 6.4%.


The growth in country riches was pushed by industry, and also by agribusiness and services.


According to information supplied by Agência Brasil, while industries improved their performance by 6.3% in the first three months of this year, agribusiness grew 5.6% and services 3.8%.


In industry, the sector that grew most was transformation, with a 7.4% high. Civil construction also evolved 5.9% and mining companies 2.1%.


In the service sector, the largest growth was represented by trade, which expanded 8.1% and transport, with 5.6%.


The performance of Brazilian retail grew together with the increase of consumption by part of the Brazilian families, which, according to the IBGE, grew 3.9% when compared to the same period in 2003. This news was commemorated by the Brazilian government.


More Good News


Federal administration was already being motivated by the good performance of Brazilian exports, which have been growing at a rhythm of around 30% and should end the year with revenues of US$ 94 billion.


The IBGE, which is responsible for GDP studies, also made a new analysis of the country figures for last year, concluding that the country GDP expanded 0.5% last year, and did not shrink 0.2%, as had been announced before.


This means that the total of all goods produced in the country last year totalled R$ 1.556 trillion (US$ 570 billion).


In 2003, the sector that mostly pushed expansion was agribusiness, with evolution of 4.5%, followed by services, with 0.6%.


Brazilian Finance Minister Antonio Palocci made a point of showing that the figures announced show that the country has a vigorous economy that is capable of promoting changes without GDP losses.


Palocci recalled that in 2003, a large adjustment was made to the Brazilian economy due to the crisis lived in 2002. Due to the instability generated by Brazilian presidential elections, which took place at the end of that year, the dollar rose significantly against the Brazilian real, and the country risk increased.


“This is significant data for an economy with a tradition of vulnerability. However, we may identify that, since 2003, Brazil has made an effort with a very positive result,” stated the minister.


From the second to the third quarter of this year, growth of the GDP was 1%. When compared to the same period in 2003, expansion was 6.1%.


These figures also show that in the last four quarters, the growth of the Brazilian GDP reached 4.2% in comparison to the same 12 months in the previous period.


ANBA ”“ Brazil-Arab News Agency

Tags:

  • Show Comments (0)

Your email address will not be published. Required fields are marked *

comment *

  • name *

  • email *

  • website *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Ads

You May Also Like

Moscamed, the Biofactory Brazil Hopes Will End Fruit Fly

In March, Brazilian fruit growers will gain a new and powerful ally in their ...

Lula and Chí¡vez Discuss Energy in Brazil and Set Up New Encounter for Next Month

Last night, Brazilian President Luiz Inácio Lula da Silva met with the President of ...

Sahrazad’s Tales Get in Brazil Directly from the Arabic

The Thousand and One Nights was released this week at the Cultura Bookstore in ...

Brazil’s Oi Swallows Competition and Eyes Telephone Market Overseas

Brazil's Telecommunication Company Oi's president, Luiz Eduardo Falco, upon confirming the purchase of control ...

Brazil Has 6 Confirmed and 30 Suspected Cases of Swine Flu

With two more cases of swine flu confirmed this Friday, May 8, Brazil now ...

Brazilian President Lula with Bush in Camp David

Brazil’s Lula Doesn’t Get What He Wanted from Bush: End to Subsidies and Tariffs

The  Camp David meeting, this Saturday, March 31, between American President George W. Bush ...

Guarulhos International Airport in São Paulo, Brazil

Foreign Tourists Fall by Half a Million in Brazil

The collapse of Brazil's flag carrier Varig last year caused a significant fall in ...

June 1994

CONTENTS: Cover: Dreaming of the Cup (p. 7) Tribute: Senna’s very untimely last race ...

Culture Spots: a Brazil Plan to Spread the Brazilian Way

The creation of Culture Spots (Pontos de Cultura) abroad is intended to help Brazilians ...

Brazil Take Japanese Road on Digital TV

Brazil’s Minister of Communications, Hélio Costa, informed that a technical agreement was signed on ...