Brazil revises economic growth figures to show extra rise
The Brazilian government's national statistics office has revised its figures for gross domestic product (GDP) growth in 2006 to include data from different parts of the economy that were not used previously.
Now the statistics show that economic growth in Brazil during 2006 reached 3.7%, compared to the 2.9% used previously.
The country's estimated GDP now stands at approximately $1.1 trillion (£560 billion), which as a per capita figure is slightly under $6,000.
Sandra Utsumi, chief economist with BES Investimentos, is quoted by the Bloomberg news agency as saying that the new method of accounting allows for a more accurate portrayal of the state of the Brazilian economy.
"This higher economic growth last year will improve important indicators, such as the proportion of debt to GDP, probably leading to an upgrade of Brazil's sovereign debt rating in the near future," she remarked.
Ms Utsumi concluded by saying that economic growth in Brazil has been expanding at a much stronger pace than previously thought".
Last week, Brazil's central bank said it holds an upbeat view over the country's economic forecasts for 2007, with inflation to remain steady.
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