IBGE confirms Brazilian economy grew 3.4% in 2024
A journalism graduate from Cásper Líbero, he holds a postgraduate degree in political marketing and electoral propaganda from USP. He worked for ESPN's website, covering the Beijing Olympics in China in 2008. He also worked for Metrópoles, InfoMoney, O Antagonista, iG, and Terra, covering politics and economics. As a press advisor, he worked in the Chamber of Deputies and the Ministry of Culture. He is the author of the books 'Dias: a Vida do Maior Jogador do São Paulo nos Anos 1960' and '20 Jogos Eternos do São Paulo'.
TL;DR
- Brazil's GDP grew 3.4% in 2024, totaling R$ 11.7 trillion.
- The services sector expanded by 3.8%, while agriculture decreased by 3.7%.
- Household consumption increased by 5.1%, contributing significantly to final consumption expenditure growth of 4.4%.
- Gross Fixed Capital Formation (GFCF) rose by 6.9%, indicating increased investment.
- GDP growth for 2025 is projected at 2.3%, with further slowdowns anticipated for 2027 and 2028.