Last year's GDP = gross domestic product growth rate in Brazil, the largest economy in South America, was 2.9% higher than the previous year, marking the second consecutive year of positive growth.
Although the rate of growth slowed from +5% in the previous year, it maintained positive growth for the second consecutive year.
Due to the easing of the impact of the new coronavirus on economic activity, the "services" sector increased by 4.2%, and the "industrial" sector also increased by 1.6%.
On the other hand, "agriculture" decreased by 1.7% due to soybean production dropping significantly due to unseasonable weather.
The GDP growth rate from October to December last year was -0.2% compared to the previous three months, marking the first negative growth in six quarters.
Brazil's central bank expects growth to slow to a positive 0.8% this year due to soaring prices and central bank tightening.