Brazil Index (IBRX)

BRAZIL GDP GROWTH RATE. . The Gross Domestic Product (GDP) in Brazil expanded 1.50 percent in the second quarter of 2013 over the previous quarter. GDP Growth Rate in Brazil is reported by the IBGE, Brazil. Brazil GDP Growth Rate averaged 0.76 Percent from 1996 until 2013, reaching an all time high of 4.50 Percent in September of 1996 and a record low of -4.20 Percent in December of 2008. Brazil is the seventh largest economy in the world and the largest in Latin America. In recent years, the country has been one of the fastest-growing economies in the world primarily due to its export potential. The country’s trade is driven by its extensive natural resources and diverse agricultural and manufacturing production. Also, rising domestic demand, increasingly skilled workforce along with scientific and technological development, have attracted foreign direct investment.