Brazilian Agribusiness GDP Shows Higher Growth Than Economy as a Whole

Agribusiness growth exceeds that expected for the economy as a whole. According to IPEA, in 2019 the overall GDP should increase by only one percent.. Historically, agribusiness is accountable for one-fifth of the national GDP.

RIO DE JANEIRO, BRAZIL - The increase in the agricultural sector's Gross Domestic Product (GDP) this year and next year has been revised upwards by the Institute of Applied Economic Research (IPEA). The previous forecast was for a 0.5 percent growth in 2019 and the new projection points to 1.4 percent. In the case of Subscribe to our Premium Membership Plan. Already Subscribed?