Brasil PIB - Tasa de crecimiento anual

The Brazilian GDP expanded by 2.1% from the corresponding period of the previous year in the fourth quarter of 2023, missing market estimates of 2.2%, at a relatively consistent pace following the 2% expansion in the earlier period. Among different industries, industry and manufacturing expanded by 2.9% to be the main contributor to growth, led by strong output for extractive industries (10.8%) due to high production volumes of oil, natural gas, and iron ore. Services grew by 1.9% in the meantime, carried by financial and insurance services (5.6%) and real estate services (2.7%). On the other hand, the agricultural sector stalled as strong harvests of soybeans and sugar were offset by sharp declines in wheat (-22.8%) and oranges (-7.4%). Considering the whole year, the Brazilian GDP expanded by 2.9%.