Sat, 08 Mar 2025
BRAZIL-RIO DE JANEIRO-GDP-GROWTH

BRAZIL-RIO DE JANEIRO-GDP-GROWTH

Xinhua
08 Mar 2025, 07:50 GMT+10

(250308) -- RIO DE JANEIRO, March 8, 2025 (Xinhua) -- An aerial photo taken on March 7, 2025 shows tourists relaxing at Copacabana Beach in Rio de Janeiro, Brazil.

Brazil's economy grew 3.4 percent in 2024 from the previous year, driven by strong household spending, the Brazilian Institute of Geography and Statistics (IBGE) reported Friday.

According to the IBGE report, strong household spending, which rose 4.8 percent year on year, helped drive last year's GDP growth. Industry and services, expanding 3.3 percent and 3.7 percent respectively, also contributed to the growth. (Xinhua/Wang Tiancong)

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