Brazil’s GDP grows 2.7 pct in 2011

7 March 2012

Brazil’s gross domestic product (GDP) posted growth of 2.7 percent in 2011 and totalling 4.143 trillion reals (US$2.367 billion) according to figures published Tuesday by the Brazilian Geographical and Statistics Institute (IBGE).

According to the IBGE economic performance in 2011 rose as a result of family consumption, which posted a rise of 4.1 percent against 2010.

There were also rises in the agri-livestock sector of 3.9 percent, and the services sector, of 2.7 percent.

The industrial sector posted growth of 1.6 percent due to the electricity and gas, water, sewage and urban cleaning (3.8 percent) and construction sectors (3.6 percent).

The industrial sector practically stagnated against 2010, posting growth of just 0.1 percent. (macauhub)