According to a report from the Brazilian Institute of Geography and Statistics (IBGE) released this week, the Gross Domestic Product (GDP) in South America's largest country grew 1.4% in the second quarter of 2024 from the year's first trimester, far exceeding expectations, Agencia Brasil reported. The country’s total wealth amounts to R$ 2.9 trillion (nearly US$ 514 billion). The GDP represents the sum of all wealth produced in the country.
A study released this week by Brazil’s Institute of Geography and Statistics (IBGE) showed that life expectancy at birth in South America's largest country reached 76.4 years. Those born in 2023 can easily hope to live until the age of 79.7 years in the case of women while men would live until 73.1 years on average, Agencia Brasil reported. Before the Covid-19 pandemic, the overall projection stood at 76.2 years.
Services in South America's largest country grew 2% interannually in the first five months of 2024, according to a report released Friday by Brazil's Institute of Geography and Statistics (IBGE). Over the past 12 months through May, the index rose 1.3%. The sector accounts for about 70% of the country's gross domestic product (GDP). The sector also grew by 2.3% last year, making it the third in a row with positive figures.
June's inflation in Brazil recorded a sharp increase due to significant adjustments in the retail price of potatoes (14.9%) and long-lasting milk (7.43%) among other items, Agencia Brasil reported Wednesday citing the latest Broad National Consumer Price Index (IPCA) released by the Brazilian Institute of Geography and Statistics (IBGE).
According to a report from Brazil's Institute of Geography and Statistics (IBGE) released Tuesday, the Gross Domestic Product (GDP) of South America's largest country grew 0.8% in the first quarter of 2024 compared to the last three months of 2023 and 2.5% interannually after a 0.1% contraction in the fourth quarter of last year.
According to the latest issue of the Focus bulletin released Monday by Brazil's Central Bank (BCB), the economy in South America's largest country will grow by 2.09% this year, which represented an improvement from the previous 2.05% forecast, Agencia Brasil reported. The study also foresaw a yearly inflation of 3.76%.
According to the Monthly Industrial Survey released Wednesday by Brazil's Rio de Janeiro-based Institute of Geography and Statistics (IBGE), industrial production in South America's largest country fell 0.3% in February, which represented its second straight monthly decline after January's -1.5%, Agencia Brasil reported.
Brazilian President Luiz Inácio Lula da Silva Monday signed into law a bill granting male and female workers equal pay for the same job position, it was reported in Brasilia. Lula insisted he would “enforce” this measure, which “cannot be violated or circumvented” under any circumstances.
Unemployment in Brazil continues to fall, hitting record lows, according to a report released Wednesday by the Brazilian Institute of Geography and Statistics (IBGE).
Industrial output in Brazil rose for a second straight month in May, government data showed on Tuesday, underpinning hopes that the economy will not fall back into recession despite an escalating political crisis.