International reserves in Brazil are close to hitting the historic mark of US$ 200 billion, despite having recorded a decrease from US$ 199.649 billion, last Friday, JuneÂ 6,Â to US$ 198.673 billion, this Monday, June 9.
The figures were disclosed by the Brazilian Central Bank on a daily basis.
In the first business day of the year, January 2, international reserves stood at US$ 181.378 billion. Reserves are described by the Central Bank as a mechanism for the country to resist foreign shock.
The Brazilian Gross Domestic Product (GDP), i.e. the sum of all goods and services produced in the country, posted growth of 5.8% in the first quarter this year, compared with the same period in 2007.
The GDP grew 0.7% in comparison with the previous quarter. In real values, the GDP reached 665.5 billion Brazilian reais (US$ 409.1 billion).
The figures were disclosed earlier today by the Brazilian Institute of Geography and Statistics (IBGE), which highlighted the expansion of industry, at 1.6%, and of the services sector, at 1%. On the other hand, the institute recorded a decrease in the agricultural sector (-3.5%).
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