Economy advances in the 4th quarter compared to the same period in 2024, with agriculture in 2 digits; industry has a moderate increase and construction declines
GDP (Gross Domestic Product) grew 1.8% in the 4th quarter of 2025 compared to the same period in 2024, as announced by the IBGE (Brazilian Institute of Geography and Statistics) this Tuesday (3.mar.2026).
It was the 20th consecutive positive result on this basis of comparison and indicates the resilience of activity, despite the slowdown observed throughout the year and the high interest rate environment.
Value added at basic prices grew 1.9% and taxes on products net of subsidies increased 1.0% in the period.
Agriculture increased by 12.1% in the quarter compared to the same period in 2024, driven by livestock and the performance of products with relevant harvests, such as tobacco (29.8%), oranges (28.4%) and wheat (3.7%).
The industry advanced 0.6%. Extractive industries grew 12.0%, driven by oil and gas extraction. Electricity and gas, water, sewage and waste management rose 1.0%. In the opposite direction, manufacturing industries fell 2.0%, the 3rd consecutive negative result on this basis of comparison. Construction fell 2.9%.
Services grew 2.0% compared to the 4th quarter of 2024. Information and communication increased 7.1% and financial activities, insurance and related services rose 4.5%. There was also an increase in other service activities (2.1%), real estate activities (1.9%), transport (1.7%), public administration (0.9%) and commerce (0.2%).
From an expenditure perspective, family consumption grew 1.0%, benefiting from the job market and credit. Government consumption increased 3.6%. GFCF (Gross Fixed Capital Formation), an investment indicator, fell 3.1%, pressured by the decline in construction and production of capital goods.
In the external sector, exports of goods and services grew 14.2% and imports fell 0.3% in the annual comparison.
In 2025, GDP totaled R$12.7 trillion, with R$11.0 trillion in value added and R$1.8 trillion in taxes on products net of subsidies. Agriculture totaled R$775.3 billion, industry R$2.6 trillion and services R$7.6 trillion.
Family consumption reached R$8.1 trillion, government consumption reached R$2.4 trillion and GFCF reached R$2.1 trillion. The balance of goods and services was in surplus at R$44.6 billion. The investment rate was 16.8% of GDP, compared to 16.9% in 2024. The savings rate was 14.4%, above the 14.1% of the previous year.
