| |
News
IBGE revises GDP
in 2007 to 6.1%, the highest since 1986
Posted on 04/11/2009 at 11h33m
The Globo - Cássia Almeida - Reuters
RIO - The Brazilian Institute of Geography and
Statistics (IBGE) revised to 6.1% expansion of gross
domestic product (GDP, the sum of goods and services
produced in the country) in Brazil in 2007, up from
5.7% previously reported. With the revision, the GDP
in 2007 is now the largest recorded since 1986 (the
year of the Cruzado Plan), when growth was
7.5%. Before the revision, the 2007 performance had
lagged behind that of 1994. In 1994 (year of the
Real Plan), the Brazilian economy rose 5.9%.
The data are in the System of National Accounts for
the period 2003-2007, released on Wednesday. This is
the second review of the data. The first
advertisement shows growth of 5.4% of GDP in 2007.
GDP was R $ 2.661 trillion in 2007.
The strong increase of services in 2007 explains the
revision of GDP. The services that the preliminary
data released in 2008, rose 5.4%, with the review
now to 6.1%. This sector, already the largest in the
economy, 66.6%, saw its share in GDP growth compared
to 2006, when it was 65.8%.
According to Cristiano Martins, manager of National
Coordination of the IBGE, the currency appreciation
has helped the service sector, which does not work
with goods that are traded internationally, did not
feel the effects of currency appreciation of 10.5%
over the period. The dollar, which was quoted at R$
2.18, rose to $ 1.95.
"Industry is losing competitiveness with the cheaper
dollar and the domestic competition, loses ground.
Services gain" - explains Martins.
The share of wages of workers in the Brazilian
economy rose from 40.9% in 2006 to 41.3% in 2007. In
2003, the share was 39.5%. The weight of public
administration (which is taxes less subsidies on
production and imports) fell from 15.4% to 15.2%,
considering the same comparison.
"It should be noted that the share of compensation
of employees is a growing trend in the last three
years, reflecting the positive market developments
in the period," it said in a statement IBGE.
Already mixed income share (which considers the
income of self-employed) remained at 9%. The
remuneration of the factor capital, represented in
the gross operating surplus, amounted to 34.4% in
2007 from 34.8% in 2006.
Source: Newspaper O Globo.
|
