Brazil’s Gross Domestic Product (GDP) registered growth of 0.8% in the third quarter of this year. The agricultural sector showed the highest growth among all sectors of the economy analyzed, with a positive performance of 0.7%, the services front (0.5%) and industry (0.4%). The data were released today (30) by the Brazilian Institute of Geography and Statistics (IBGE).
Even with good agricultural performance, the positive result of the economy for the period was pulled by another segment. “It was the services that most influenced the rate, since they are the most important sector in the GDP,” explained the National Accounts Coordinator of the IBGE, Rebeca Palis.
All service activities grew between the second and third quarter, with emphasis on transportation, warehousing and mail, which rose 2.6%.
The main focus of the agricultural and livestock sector is coffee and cotton production, which have increased annual production estimates and productivity gains, supplanting the poor performance of crops such as sugarcane, cassava, orange and corn.
This text was translated by machine from Brazilian Portuguese.