In the first quarter of 2018, the Brazilian GDP grew 0.4%, compared to the fourth quarter of 2017, in the seasonally adjusted series, the Brazilian Institute of Geography and Statistics (IBGE) reported Wednesday. It was the fifth positive result after eight consecutive falls on this basis of comparison. Agriculture and livestock grew 1.4%, while industry and services showed a positive variation of 0.1%.
In current values, GDP amounted to R $ 1.6 trillion, R $ 1.4 trillion of Value Added (VA) and R $ 240.5 billion to taxes on products net of subsidies.
Compared to the same period of 2017, IBGE points out that there was a growth of 1.2% in the first quarter of the year, the fourth consecutive positive result in this comparison. Agriculture and livestock fell 2.6%, while industry grew 1.6% and services, 1.5%. The Value Added at basic prices had a positive change of 0.9% and the Taxes on Net Products of Subsidies advanced by 2.9%.
This text was translated by machine from Brazilian Portuguese.