The Brazilian Institute of Geography and Statistics (IBGE) revised Brazil’s 2012 and 2013 GDP growth. In 2012, instead of 1,8%, the number is now 1,9% and, in 2013, instead of 2,7%, it is 3%.
The review was due to a new methodology that now includes certain agribusiness and family spending data that were not totaled before.
According to the new methodology, Brazil’s GDP in 2012 totaled R$ 4,8 trillion and, in 2013, R$ 5,3 trillion. The revision also produced a change in GDP per capita. The official numbers now shows R$ 24,121 in 2012 and R$ 26.445 in 2013.