INSUBCONTINENT EXCLUSIVE:
R$11.7 trillion ($1.95 trillion) in 2024, with per capita GDP rising to R$55,247.45 ($9,207.91)
points while domestic demand added just 1.2 points
The pattern flipped entirely in 2024, when domestic demand fueled 5.2 percentage points of growth while external factors subtracted 1.8
(Photo Internet reproduction)Household consumption jumped 4.8% and investments soared 7.3% in 2024, reflecting strong domestic demand
The services sector led sectoral growth at 3.7%, followed by industry at 3.3%.Agriculture, however, contracted 3.2% in 2024 after
spectacular 16.3% growth in 2023
Climate problems damaged key crops, with soybean production falling 4.6% and corn declining 12.5%.The labor market strengthened considerably
GDP grew just 0.2% in Q4, compared to 0.7% in Q3, suggesting moderation ahead.Economists project more subdued growth of 2.5% for 2025
Challenges loom as Brazil faces high interest rates, inflation pressures, and potential global trade disruptions under a new Trump
changing global conditions.
