GDP agribusiness has high of 3.81% in 2019
The Gross Domestic Product (GDP) of agribusiness grew 3.81% in 2019 compared to 2018 and represented 21.4% of total GDP of the country last year, according to publication of the Confederation of Agriculture and Livestock of Brazil (CNA), Center of Advanced Studies in Applied Economics (Cepea) and Agrarian Studies Foundation Luiz de Queiroz (FEALQ).
Services (6.77%), raw materials (5.54%) and agricultural industry (4.99%) grew in 2019. The primary sector was down 3.03%, pushed down by agriculture. “From the perspective of the branches, it is noted that, in 2019, agribusiness was driven by the excellent performance of the livestock sector, while the agricultural industry receded,” says the publication.
Via DATAGRO