IT sector contributes to GDP growth in Brazil

The information technology sector has contributed to GDP growth in Brazil, according to official numbers released by the Brazilian Institute of Geography and Statistics (IBGE) on March 4.

At 8.7 trillion Brazilian reais ($1.7 trillion), Brazil’s GDP has grown 4.6% last year compared to 2020, according to IBGE. The IT and telecommunications sector was among the best performers of the Latin economy, with 12.3% growth in 2021, contributing to a boost to the services industry overall. 

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