Brazil GDP Growth Rate YoY
Brazil is considered the tenth largest economy in the world and the largest economy in Latin America. Brazil's services sector is the most important which accounts for 63% of total GDP. The largest service segments are as follows: government, defense, education, and health (15% of total GDP), other services (15%), wholesale and retail trade (11%), real estate (8%), and financial services (7%). The second most important sector in the country is industry, accounting for 18% of GDP, with manufacturing (11%) and construction (4%) accounting for the majority of that contribution. The agriculture and livestock industry contributes 5% of the GDP. Among the expenditure components of GDP, household consumption ranks first, accounting for 63% of total usage. Government expenditure ranks second, accounting for 20%, and gross fixed capital formation ranks third, accounting for 16%. Foreign trade in commodities and services accounts for 13% of total GDP, whereas imports account for 12% of total GDP while contributing 1% to total GDP.
A higher than expected figure should be seen as positive (bullish) for the BRL while a lower than expected figure should be seen as negative (bearish) for the BRL.
News (BRL)
Brazil Manufacturing Downturn Eases In January
Brazil's factory activity continued to deteriorate at the start of the year, though the pace of decline softened since December amid slower reductions in output and new orders, survey data from S&P Global showed on Wednesday. Elsewhere, official data showed that producer price inflation slowed further in December.
RTTNews | 690 days ago
