Brazil 2023 GDP +2.9% 3rd consecutive year of positive growth. The growth rate of GDP = gross domestic product in 2023 in Brazil, which has the largest economy in South America.
The increase in the production of agricultural products such as soybeans is due to the increased production of soybeans. Brazil's central bank predicts that the growth rate for this year will be a positive 1.7% as personal consumption is expected to remain strong going forward. The GDP growth rate is on par with the previous year's +3%.