Brazil recorded a 3.4 percent GDP growth in 2024, driven by a 4.8 percent increase in household spending. Industries and services contributed positively, though agriculture declined by 3.2 percent. President Lula da Silva and Minister Simone Tebet commented on the country’s economic outlook, emphasizing job creation and inflation control.
In 2024, Brazil experienced a notable economic growth of 3.4 percent, primarily attributed to robust household spending that increased by 4.8 percent year on year. Contributions to GDP growth were also noted from the industrial and service sectors, which expanded by 3.3 percent and 3.7 percent, respectively. However, the agricultural sector faced a setback, contracting by 3.2 percent due to unfavorable harvest conditions.
Overall, Brazil’s economic growth in 2024 showcases a mixed performance across various sectors, with growing household expenditure significantly driving GDP gains. While the agricultural sector struggled, positive trends in industry and services, combined with modest export increases, indicate a resilient economic landscape. The government forecasts continued growth for the upcoming year, although challenges such as inflation remain.
Original Source: ana.ir
