Brazil's GDP grows 0.9 percent in 2012

Associated Press

SAO PAULO (AP) — The Brazilian government says the country's gross domestic product grew just 0.9 percent in 2012. It's the worst result since 2009, when the economy contracted 0.3 percent.

In 2011, GDP grew 2.7 percent and in 2010 it expanded 7.5 percent.

The IBGE statistics bureau says Friday on its website that the service sector posted the best performance last year, growing 1.7 percent. Industrial output dropped 0.8 percent and agricultural production fell 2.3 percent.

The IBGE says the country's GDP totaled 4.4 trillion reals ($2.2 trillion) last year, while per capita GDP amounted to 22,400 reals ($11,200).