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The Brazilian Gross Domestic Product (GDP) was of US$ 214.8 billion in the first quarter of 2006. The value, which corresponds to the sum of the country's riches, was released Thursday, June 29, by the Brazilian Institute for Geography and Statistics (IBGE).
According to the institute, the rate of investments represented 20.4% of the GDP. The number is the largest since 2001 for this time of year. The sectors of the economy which contributed the most for the GDP were agriculture and livestock, which reached US$ 13.8 billion, industry, with US$ 75.6 billion, and services, with US$ 111.4 billion. US$ 15.6 Billion a Year Brazilian franchises went from yearly revenues of US$ 10.5 billion in 2001 to US$ 15.6 billion last year. The information was presented by the Relationship manager at the Brazilian Franchising Association (ABF), Rogério Feijó, in the seminar "The Ways to Internationalization of Franchises in the Arab World." The seminar is organized by the ABF, the Arab Chamber and the Brazilian Export and Investment Promotion Agency (Apex), within a program to motivate the expansion of Brazilian franchises to the Arab market. The ABF started two years ago, together with Apex, a internationalization project for Brazilian franchises. Currently there are in Brazil 971 franchise chains with 61,800 units. Eighty percent of them are of national origin. According to Feijó, the Brazilian franchises started expanding to the international market about 20 years ago, but from isolated initiatives from the companies themselves. Now there is a group effort in the sector to take them outside Brazil. ABr, Anba
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The IBGE must start reading The Economist.
Cheers
Cesar Medina