It was despite the environmental catastrophes that punished the country throughout the year, the statistical authority reported. The best performances were recorded in the service sectors (3.7%), commerce (3.8%) and construction (4.3%).
The Brazilian economy grew 3.4% in 2024despite the environmental catastrophes That they punished this agricultural power throughout the year, the statistical authority reported Friday.
It is about Best performance of the largest economy in Latin America since 2021 (4.8%), according to the Brazilian Institute of Geography and Statistics (IBGE). In 2023, GDP had grown 3.2%.
The best performances of last year were recorded in the sectors of services (3.7%), commerce (3.8%) and construction (4.3%), The IBGE said.
In contrast, The agricultural sector contracted 3.2%, In a year marked by strong floods in the agricultural regions of the southeast of the country, followed by the worst drought in the recent history of Brazil. “Adverse climatic effects impacted several important crops” such as soy and corn, whose production fell by 4.6% and 12.5% respectivelythe IBGE said in a statement.
“PBI growing and more employment and income in the hand of Brazilians and Brazilians. 2025 is the year of harvest”, The president celebrated Luiz Inacio Lula da Silva In the social network X.
The 2024 result was slightly below the projections. The Getúlio Vargas Foundation anticipated a 3.5% increase in GDP.
In it last 2024 trimester the growth stagnated in front of the anterior quarter (0.2%) because of “a fall in consumption” by inflation.
The increase in prices punishes the popularity of Lula, whose management was approved by El 24% of the population in Februarythe lowest level during its three mandates, according to a Datafolha survey, reference institute in Brazil.
The Executive announced Thursday the Elimination of import tariffs for basic products such as meat, coffee, sugar, corn, among others, in an effort to tackle food inflation, which reached 7.25% in January compared to the same month of 2024.
By 2025 the market awaits GDP growth of 2.01%according to the Central Bank of Brazil survey.
Source: Ambito
