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In 2010, GDP changed 7.5% and was R$ 3.675 trillion

March 03, 2011 09h00 AM | Last Updated: September 02, 2019 12h01 PM

In relation to the third quarter of 2010, the Gross Domestic Product (GDP) at market prices of the fourth quarter of last year grew 0.7%, considering the seasonally adjusted series...

 

Compared to Q3 2010, services is the only activity recording increase 

 

GDP increased 0.7% in the comparison between the fourth and third quarters of 2010. Positive changes by economic activities were: services, 1.0%; industry, -0.3%; and agriculture, -0.8%. 

 

Among the components of internal demand, the highlight is the increase of household consumption expenditure, which accelerated once more and recorded increase of 2.5% in the last quarter of 2010. Gross fixed capital formation (GFCF, or investment) decelerated and changed by 0.7% in the fourth quarter of 2010. Government consumption expenditure recorded negative change of 0.3% in relation to the third quarter.

 

On the side of external demand, there was increase in both Exports and Imports of Goods and Services, by 3.6% and 3.9%, respectively.

 

Compared to 2009, hike of services is a highlight

 

In the comparison between the fourth quarters of 2010 and 2009, GDP increased 5.0%. Among the activities that have accounted for the generation of Value Added at Basic Prices, the highlight is the hike of Services (4.6%). The increase of volume of Value Added of Industry decelerated, having changed to 4.3%. Agriculture, on the other hand, recorded increase of 1.1%.

 

The rate of agriculture (1.1%) can be seen as a consequence of the increase of productivity and of the performance of some crop products that had relevant output in the quarter, for example, sugarcane (5.7%), wheat (0.1%) and oranges (4.1%), according to the Systematic Survey of Agricultural Production - LSPA.

 

The major increases in industrial activity were observed in Mining and quarrying industry (14.8%) and Civil construction (6.2%). There was a 5.1%-increase in Electricity and gas, water and urban sanitation, followed by Manufacturing industry (2.4%). The result of manufacturing industry was mainly affected by the increased production of machinery and equipment; metal products non-metallic minerals and automotive industry. 

 

All the activities that form services (4.6%) recorded increase, being the highlight Financial intermediation and insurance, 11.4% up, Trade (retail and wholesale), with increase of 7.5% and Transportation, storage and mailing services (which encompass cargo and passenger transportation), 5.3% up. The other changes were: Information services, 4.8%; Other services, 3.7%; Real estate activities and rent, 1.90%, and Administration, health and public education, 1.5%.

 

Among the components of internal demand, household consumption expenditure increased 7.5%, the 29th consecutive positive change on this basis for comparison, affected by the increase of payroll and of the credit granted to natural persons. Government consumption expenditure increased 1.2% and Gross fixed capital formation did by 12.3%.

 

The Exports and Imports of Goods and Services recorded increase of 13.5% and 27.2%, respectively, in the fourth quarter of 2010, in relation to the same period of 2009.

 

In the year, GDP changed 7.5% and GDP per capita, 6.5%

 

In 2010, the Brazilian GDP changed by 7.5% in relation to that in 2009. Benefited by the low basis for comparison in the previous year, the accumulated increase of GDP in 2010 is the highest since 1986 (of 7.5%, also). Between 2001 and 2010, the average annual increase was 3.6%, above the figure recorded in the previous decade (1991-2000), when GDP at market prices increased, on average, by 2.6%.

 

Per capita GDP consists of the division of the current GDP value by the resident population in the middle of the year. In 2010, per capita GDP reached R$ 19,016, after having recorded change, in volume, of 6.5% in relation to 2009. In the decade that ended in 2010, per capita GDP recorded annual average increase of 2.4%, above the average of the 1990’s, when there was increase of 1.1% a year, on average.  

 

In the year, GDP changed 7.5% and GDP per capita, 6.5%

 

In 2010, the Brazilian GDP changed by 7.5% in relation to that in 2009. Benefited by the low basis for comparison in the previous year, the accumulated increase of GDP in 2010 is the highest since 1986 (of 7.5%, also). Between 2001 and 2010, the average annual increase was 3.6%, above the figure recorded in the previous decade (1991-2000), when GDP at market prices increased, on average, by 2.6%.

 

Per capita GDP consists of the division of the current GDP value by the resident population in the middle of the year. In 2010, per capita GDP reached R$ 19,016, after having recorded change, in volume, of 6.5% in relation to 2009. In the decade that ended in 2010, per capita GDP recorded annual average increase of 2.4%, above the average of the 1990’s, when there was increase of 1.1% a year, on average.  

 

 


 

In relation to the third quarter of 2010, the Gross Domestic Product (GDP) at market prices of the fourth quarter of last year grew 0.7%, considering the seasonally adjusted series. Services recorded increase (1.0%), whereas industry (-0.3%) and agriculture (-0.8%) decreased.

 

In comparison to the fourth quarter of 2009, GDB increased 5.0%, being that value added at basic prices increased 4.2%; and excise taxes, 10.1%. Among economic activities, services (4.6%) and industry (4.3%) stood out. Agriculture (1.1%) also recorded growth.

GDP accumulated in year 2010, in relation to the same period of 2009, varied 7.5%, as a result of the 6.7% growth in value added and 12.5% in taxes. In this comparison, agriculture (6.5%), industry (10.1%) and services (5.4%) increased. Consequently, according to Quarterly National Accounts, in 2010, GDP at current values reached R$ 3.675 trillion. GDP per capita was R$ 19,016, presenting a rise of 6.5%, in volume in relation to 2009 (R$ 16,634).

 

 


 

 


 

GDP growth resulted from the 6.7%-increase of Value Added at basic prices and the 12.5%-increase of net taxes on products 12.5%. The result of value added in this type of comparison reflected the performance of the three activities that form it: Agriculture (6.5%), Industry (10.1%) and Services (5.4%).

 

The hike of Agriculture (6.5%) results from the bigger output of several important crops in Brazil, mainly soybeans (20.2%), wheat (20.1%), coffee (17.6%), corn (9.4%), sugarcane (5.7%) and onions (4.1%).

 

In industry (10.1%), the highlight was the hike of mining and quarrying (15.7%), followed by Civil construction (11.6%). Manufacturing industry increased 9.7%, whereas the activity Electricity and gas, water, sewage and urban sanitation recorded expansion of 7.8%.

 

In Services (5.4%), the highlights were Financial intermediation and Trade, both activities recording increase of 10.7%. The increase of the employed population and real payroll, together with the expansion of credit helped maintain sales increase. Transportation, storage and mailing increased 8.9%, being followed by Information services (3.8%), other services 93.6%), Administration, health and public education (2.3%) and Real estate activities and rent (1.7%).

 

Considering the analysis of demand, household consumption expenditure increased 7.0% in 2010, for the seventh consecutive time. Gross fixed capital formation increased 21.8%, the biggest accumulated rate in four quarters of the series which started in 1996. Government consumption expenditure also increased, by 3.3%.

 

In terms of the external sector, exports increased by 11.5% and imports, by 36.2%. This scenario was affected by the rise of exchange value which occurred between 2009 and 2010. The currency rate (measure of the annual average R$/US$ exchange rates for purchase and sale) changed from 2.00 to 1.76.

 


 

The investment rate in 2010 was 18.4% of the GDP, being above the rate relative to the previous year (16.9%). The savings rate reached 16.5% of GDP, above the 14.7% recorded in the previous year.