Brazil's GDP Up 0.4% In Second Quarter
Compared to the second quarter of 2024, Brazilian economic activity rose 2.2%. In the first half of the year and over the last four quarters, GDP grew 2.5% and 3.2%, respectively.
The GDP-the total value of goods and services produced in the country-was released Tuesday morning (2) by Brazil's statistics agency IBGE .
According to the agency, Brazil's GDP totaled BRL 3.2 trillion (USD 589 billion).
GDP can be calculated from the production perspective (performance of economic activities) or the consumption perspective (spending and investment).
In the quarter, from the supply side, growth in services (0.6%) and industry (0.5%) offset a 0.1% decline in agriculture. On the demand side, household consumption grew 0.5%, government consumption fell 0.6%, and investment declined 2.2%.
Read more:
Brazil's economy grew 3.4% in 2024
The post Brazil's GDP up 0.4% in second quarter appeared first on ANBA News Agency .
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