Brazilian GDP grew 4.7% in the last 12 months

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Brazilian GDP grew 4.7% in the last 12 months

In the last four quarters, the accumulated growth of the Brazilian economy reached 4.7%. The GDP (gross domestic product) in the second quarter of 2011 grew 0.8%.

In comparison with the second quarter of 2010, Brazilian GDP grew 3.1%. The highlights were the increase in services (3.4%), followed by industry (1.7%). Agriculture recorded zero growth.

The Brazilian GDP in current values reached R$ 1.02 trillion (640 billion dollars) in the second quarter of 2011.

02 September, 2011