Tuesday, 02 January 2024 12:17 GMT

Brazil's GDP Up 0.4% In Second Quarter


(MENAFN- Brazil-Arab News Agency (ANBA)) Rio de Janeiro – Brazil's gross domestic product grew 0.4% in the second quarter of 2025 compared to the first quarter, reaching its highest level since records began in 1996.

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

©Cris Faga/NurPhoto/AFP

The post Brazil's GDP up 0.4% in second quarter appeared first on ANBA News Agency .

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