In the seasonally-adjusted series, the GDP changed 0.4% in the second quarter of 2025 against the first quarter of 2025. From the optics of production, Services (0.6%) and Industry (0.5%) rose, while Agriculture (0.1%) showed no significant change.

The GDP added up to R$3.2 trillion in the second quarter of 2025, being R$2.7 trillion related to the Value added at basic prices and R$431.7 billion, to Product taxes net of subsidies. In the same period, the investment rate was 16.8% of the GDP, 16.6% higher than in the second quarter of 2024. On the other hand, the savings rate was 16.8%, exceeding 16.2% of the same quarter of 2024.

The GDP advanced 2.2% in relation to the second quarter of 2024, with an increase in Agriculture (10.1%), Industry (1.1%) and Services (2.0%).

GDP changes 0.4% compared to the first quarter of 2025 

In the seasonally-adjusted series, the GDP recorded a positive change of 0.4% in the second quarter of 2025, compared to the first quarter of 2025. Services grew 0.6%, followed by Industry, which advanced 0.5%. Agriculture, on the other hand, experienced a negative change of 0.1%.

The positive performance in Industry was due to the growth of 5.4% in Mining and quarrying industries. On the other hand, the activities of Electricity and gas, water, sewage and waste management activities (2.7%), Manufacturing industries (-0.5%) and Construction (-0.2%) retracted.

In Services, Financial activities, insurance and related services (2.1%), Information and communication (1.2%), Transportation, storage and mailing (1.0%), Other services activities (0.7%) and Real estate activities (0.3%) grew. Trade (0.0%) remained stable and Administration, defense, public health and education and social security (0.4%) registered a negative change.

Household consumption (0.5%) grew. In contrast, Government consumption (-0.6%) and Gross fixed capital formation (-2.2%) dropped over the first quarter.

In the foreign sector, Exports of goods and services rose 0.7%, while Imports of goods and services fell 2.9% over the first quarter of 2025.

GDP grows 2.2% compared to the second quarter of 2024

The GDP grew 2.2% in the second quarter of 2025 compared with the same period a year ago. Value added at basic prices increased by 2.4% and Taxes on products net of subsidies advanced 1.4%.

Agriculture grew by 10.1% compared to the same period of the previous year. In addition to the good livestock performance, this result was mainly due to some crop products that, according to the Systematic Survey of Agricultural Production (LSPA/IBGE), released in August, had significant harvests in the second quarter, with a growth in the estimate of the annual production and productivity gain: corn (19.9%), soybeans (14.2%), rice (17.7%), cotton (7.1%) and coffee (0.8%).

Industry grew 1.1%, highlighting Mining and quarrying industries, which advanced 8.7%, due to the increase in petroleum and gas extraction, as well as iron ore extraction. Construction recorded a positive change of 0.2%, corroborated by the negative change in the production and marketing of typical inputs. Manufacturing industries showed stability (0.0%) in the period, when highs in some sectors (basic metals, machinery and equipment, chemical and textiles) were offset by drops in the manufacture of trucks and buses, manufacture of coke and petroleum derivatives, food manufacturing and pharmaceutical industry. Electricity and gas, water, sewage and waste management activities, in turn, fell 4.0%, influenced by the worsening in the tariff flags and the drop in total energy consumption.

The added value of Services advanced 2.0%, compared to the same period of the previous year, with a positive result in all sectors: Information and communication (6.4%), Financial activities, insurance and related services (3.8%), Other services activities (2.7%), Real estate activities (2.2%), Transportation, storage and mailing (1.3%) and Administration, defense, public health and education and social security (0.2%).

In the second quarter of 2025, Household consumption grew 1.8%, influenced by the increases in the real wage bill and in the credit available to families, as well as government cash transfers to families. Government consumption (0.4%) also presented a positive change over the second quarter of 2024.

Gross fixed capital formation grew 4.1% in the second quarter of 2025. This rise was driven by the increased imports of capital goods and software development as well.

Exports of goods and services and Imports of goods and services grew 2.0% and 4.4%, respectively, in the second quarter of 2025. The expansion of the exports of goods was mainly explained by motor vehicles; petroleum and gas extraction; basic metals; and electrical machinery and apparatus. The highlights on the import agenda were chemicals; machinery and equipment; pharmaceuticals; and electrical machinery and apparatus.

GDP accumulates high of 3.2% in four quarters, compared to the same period in 2024 

The cumulative GDP in the four quarters ended in June 2025 grew 3.2% over the four immediately previous quarters. This rate resulted from the rises of 3.0% high in Value added at basic prices and of 4.2% in Taxes on products net of subsidies. The result of the Value added in this comparison was due to the following performances: Agriculture (5.8%), Industry (2.4%) and Services (2.9%).

Among industrial activities, Construction (3.6%), Manufacturing industries (3.1%) and Mining and quarrying industries (1.0%) expanded. On the other hand, the activity of Electricity, gas, water, sewage and waste management activities (-0.6%) retreated.

All Services activities had positive results: Information and communication (6.8%), Other  services activities (4.0%), Financial activities, insurance and related services (3.3%), Trade (2.9%), Real estate activities (2.7%), Transportation, storage and mailing (2.2%) and Administration, defense, public health and education and social security (1.0%).

In the analysis of the expenditure, Household consumption expenditure and Government consumption expenditure grew by 3.4% and 1.0%, respectively. Gross fixed capital formation (8.3%) advanced for the fourth quarter in a row. In the foreign sector, Exports of goods and services were up 1.2%, while Imports of goods and services advanced 12.8%.

In the semester, GDP grows 2.5% compared to the same period in 2024

In the first semester of 2025, the GDP grew 2.5% over the same period of 2024, with positive performance in Agriculture (10.1%), Industry (1.7%) and Services (2.0%).

Among the industrial activities, Mining and quarrying industries (4.5%), Construction (1.8%) and Manufacturing industries (1.3%) grew. In contrast, the activity of Electricity and gas, water, sewage and waste management activities (-1.2%) retreated.

In Services, Information and communication (6.7%), Financial activities, insurance and related services (3.0%), Other services activities (2.6%), Real estate activities (2.5%), Trade (1.5%), Transportation, storage and mailing (1.2%) and Administration, defense, public health and education and social security (0.3%) expanded.

In the analysis of the domestic demand, considering the semiannual comparison, Household consumption expenditure increased 2.2% and Government consumption expenditure, 0.7%. Gross fixed capital formation grew 6.6%. In the foreign sector, both Exports (1.6%) and Imports (9.0%) of goods and services grew.