GDP has to fall 3.6% in the 4th quarter, the highest since 1996
This article was translated by an automatic translation system, and was therefore not reviewed by people.
The Gross Domestic Product (GDP) Brazil was 3.6% lower in the last quarter of 2008 as compared to the immediately preceding period, informed the Brazilian Institute of Geography and Statistics (IBGE). The drop was the largest since the beginning of the series, begun in 1996.
Accumulated in the year, however, GDP grew 5.1% and reached R $ 2.9 trillion. The IBGE also revised upward the GDP growth for 2007 to 5.7%. In comparison with the fourth quarter of 2007, the Brazilian economy recorded growth of 1.3%.
The greatest influence to the fall registered in the fourth quarter against the previous quarter came from industry, which "shrink" 7.4%, the largest decline since the period October to December 1996, when the fall was 7.9%. In agriculture, the decline was 0.5%, while the service sector declined 0.4% in the last quarter of 2008, against the same period last year.
"What is observed is that every sector had a downturn in the 4th quarter. The one that was not slowed Public Administration, which is calculated with the Public Administration staff busy. For the perspective of production, the drop was the largest industry (-7.4%), which has weight of 28%. For the perspective of demand was the most affected investments, "says Rebeca Palis, manager of the Quarterly Accounts IBGE.
In the quarterly comparison, business investment and household consumption also registered setbacks. The gross fixed capital formation was 9.8% fall in the largest series of the IBGE. But the household consumption was 2.0% lower in the first drop since the second quarter of 2003.
Exports and imports of goods and services also fell, 2.9% and 8.2% respectively, the first drop since 2005. Already the expenditure of the government consumption grew 0.5%.
Annual GDP
In 2008, GDP at market prices aggregate grew 5.1% compared to 2007. Therefore, the per capita GDP reached U.S. $ 15,240, according to IBGE, a growth of 4% against the previous year.
Among sectors, the agricultural activity was the highest growth with last year, from 5.8%. Highlights the positive in production of the year were: wheat (47.5%), coffee beans (25.0%), sugarcane (19.2%), grain maize (13.3%), rice (9, 7%), beans (5.0%) and soybean (3.4%).
The industry ended the year with a high of 4.3%, and in construction (8.0%). Then came the electricity and gas, water, sewage and urban cleaning (4.5%). The mining rose 4.3%, due, mainly, the annual growth of 5.2% in the production of oil and gas and 1.9% in the production of iron ore. The processing industry showed increases of 3.2%.
In the services sector, which recorded growth of 4.8%, the biggest high came from subsectors of financial intermediation and insurance (9.1%), information services (8.9%) and trade (6.1%).
Consumption of households grows by the fifth year
In the analysis of demand, consumption expenditure of households recorded its fifth consecutive year high of 5.4%. The gross fixed capital formation grew by 13.8% ahead to 2007, the largest annual growth since 1996.
In the external sector, exports of goods and services were drop of 0.6% and imports of goods and services increased 18.5%.
The rate of investment in the year 2008 was 19.0% of GDP, the highest since the beginning of the series started in 2000. Now the savings rate reached 16.9% of GDP, lower than the rate shown in the four previous years.
Source: G1
This article was translated by an automatic translation system, and was therefore not reviewed by people.
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