Clipping of news on Brazilian Culture, Law and Citizenship
12/03/2013
This article was translated by an automatic translation system, and was therefore not reviewed by people.
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Vitor Abdala
Brazil Agency reporter
Rio de Janeiro - The Gross Domestic Product ( GDP ) , which is the sum of all goods and services produced in the country , fell 0.5 % in the third quarter of this year compared to the previous quarter . GDP totaled U.S. $ 1.21 trillion in the July-September period , according to data released today ( 3 ) by the Brazilian Institute of Geography and Statistics ( IBGE ) .
The 0.5% decline is the worst since the first quarter of 2009 when sales decreased 1.6 % . The GDP had remained stable in the first quarter of this year and increased 1.8 % in the second quarter .
On the production side , agriculture pulled the fall in GDP in the third quarter , a decline of 3.5 % . The industry and the services sector grew by only 0.1 % in the period . On the demand side , there was a 2.2% drop in gross fixed capital formation , which represents investments . Household consumption grew by 1 % and government consumption by 1.2% .
In the external sector , imports had higher growth ( 13.7% ) . Exports of goods and services have also increased , but at a more moderate pace ( 3.1% ) . The investment rate was 19.1% , while the savings rate was 15 % .
Compared with the third quarter of 2012 , the Brazilian economy grew by 2.2% . The GDP grew by 2.4 % in the year and 2.3 % in the 12 months.
Source : Agencia Brazil
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This article was translated by an automatic translation system, and was therefore not reviewed by people.