Agribusiness grows 24.3% and accounts for more than a quarter of Brazil’s GDP

The GDP of agribusiness grew 2.06% in December and closed 2020 with a record expansion of 24.31%, with the sector expanding its participation to more than a quarter of the country’s economy, which had negative performance in other segments due to the impact of Covid-19. Both the agriculture and livestock production chain had expressive expansions in 2020, advancing 24.2% and 24.56%, respectively, driven by high prices and record harvests.

Source: Money Times