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The
National Statistical Institute (IBGE,
Instituto Brasileiro de Geografia e Estatística) reports:
The
Gross Domestic Product (GDP) grew 3.4% in real terms in the
fourth quarter compared with the same period in 2001.
The third quarter figure represented a healthy improvement in economic
activity over the third quarter, when growth reached 2.5%.
According to seasonally adjusted data, the Brazilian GDP increased by 0.7% over
the fourth quarter this year.
Despite
the strong fourth quarter reading, economic activity for the year remained
subdued with GDP growing only 1.5%, following a meagre 1.4% in 2001.
Annual data show that growth was propelled by strong the agricultural
sector, which saw activity rise 5.79% over 2001. Meanwhile, activity
in the industry and services sectors remained subdued with 1.52% and 1.49%
expansions respectively.
GDP by
Sector, 2002
Note: Annual change in %.
Source: Instituto Brasileiro de Geografia e
Estatística (IBGE) and LatinFocus calculations.
More detailed information
available at the
Instituto Brasileiro de Geografia e
Estatística (IBGE).
Forecasts: This indicator is covered in the
LatinFocus Consensus Forecast. For 5-year projections, including quarterly forecasts for
the next two years, please click here
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