Brazil's GDP grew 2.7% in 2011, led by agriculture, services, and industry; GDP at current prices reached 4.24T reais in 2011

SAO PAULO , March 6, 2012 (press release) –


GDP at market prices relative to the fourth quarter of last year grew by 0.3%, in the seasonally-adjusted series, compared with the figure in third quarter. Agriculture (0.9%) and services (0.6%) recorded increase, whereas industry (-0.5%) fell.

In comparison with the fourth quarter of 2010, GDP grew by 1.4%, value added at basic prices, by 1.2%, and excise tax, by 2.0%. Among the economic activities,there was increase in agriculture (8.4%) and services (1.4%), versus decrease in industry (-0.4%).

The comparison between 2011 and 2010 figures shows GDP grew by 2.7%, as a result of the increases observed in value added (2.5%) and taxes (4.3%). In this comparison, agriculture (3.9%), services (2.7%) and industry (1.6%) recorded increase. According to data presented in the National Accounts, GDP at current prices reached R$ 4,142 trillion in 2011. GDP per capita was R$ 21,252, with a hike of 1.8%, in terms of volume, over the 2010 figure.

Hike of agriculture is a highlight compared with figures in Q3 2011

GDP grew by 0.3%, as seen in the comparison between Q4 and Q3 2011, in the seasonally-adjusted series. The changes observed by economic activity were: agriculture: 0.9%; services, 0.6% and industry, -0.5%.

All the components of internal demand recorded positive changes in the last quarter of 2011. Household Expenditure increased by 1.1%, whereas Government Expenditure and Gross Fixed Capital Formation (GFCF, or investments) recorded expansion of 0.4% and 0.2%, respectively.

Concerning the external demand, the Imports of Goods and Services grew at a higher rate than their Exports: 2.6% versus 1.9%.

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