Brazil posts 2.3% GDP growth in 2013

Brazil's economy has grown for a third straight year, posting a 2.3 per cent rise in GDP for 2013 according to official figures.

Brazil's economic output grew 2.3 per cent in 2013 for a third straight year of modest expansion by Latin America's biggest economy, the government says.

Gross domestic product growth for the final quarter of the year rose a brisker-than-expected 0.7 per cent compared to the third quarter, according to Brazil's Institute for Geography and Statistics on Thursday.

Among the sectors showing the greatest expansion was agriculture, which rose by seven per cent.

By contrast, the service sector expanded by two per cent and industrial output was up 1.3 per cent.

Consumption by Brazilians, the main engine driving the economy, increased 2.3 per cent, the government said.

In 2012, the economy expanded just one per cent after growing 2.7 per cent in 2011. GDP rose a sizzling 7.5 per cent in 2010.

To stimulate the economy, the government since 2011 has cut taxes on cars and home appliances among other measures.


1 min read

Published

Updated

Source: AAP


Share this with family and friends


Get SBS News daily and direct to your Inbox

Sign up now for the latest news from Australia and around the world direct to your inbox.

By subscribing, you agree to SBS’s terms of service and privacy policy including receiving email updates from SBS.

Follow SBS News

Download our apps

Listen to our podcasts

Get the latest with our News podcasts on your favourite podcast apps.

Watch on SBS

SBS World News

Take a global view with Australia's most comprehensive world news service

Watch now

Watch the latest news videos from Australia and across the world

Brazil posts 2.3% GDP growth in 2013 | SBS News