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Brazil's GDP up 0.4 percent in Q1

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Staff Writer | May 31, 2018
Brazil's gross domestic product (GDP) increased 0.4 percent in the first quarter of 2018 compared to the fourth quarter of 2017, the country's official statistics agency IBGE announced.
Brazil GDP
LatAm   The agricultural sector grew by 1.4 percent in Brazil
was the fifth consecutive rise. Brazil's GDP in the first quarter of 2018 reached 1.6 trillion reais ($427.8 billion), up 1.2 percent year on year.

The agricultural sector grew by 1.4 percent compared to the last quarter of 2017, while the industry and services sectors registered a smaller growth of 0.1 percent, according to the IBGE

The agricultural sector sank 2.6 percent year on year, while industry and services sectors grew by 1.6 and 1.5 percent respectively year on year.

Household consumption rose 0.5 percent compared to the fourth quarter of 2017 and grew 2.8 percent year on year. Governmental consumption slipped 0.4 percent from the previous quarter and fell 0.8 percent year on year.

Exports gained 1.3 percent from the fourth quarter of 2017, and imports were up 2.5 percent. Exports increased 6 percent and imports increased 7.7 percent respectively year on year.

Investments rose 0.6 percent from the previous quarter and gained 3.5 percent year on year.

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