2023-12-06 07:11:00
The Brazilian Institute of Geography and Statistics (IBGE) carried out a review of the growth of the Gross Domestic Product (GDP) for the year 2022, raising the projection from 2.9% to 3%. The change, released together with the results for the third quarter of 2023, represents a difference of 0.1 percentage point. The IBGE National Accounts coordinator, Rebeca Palis, explained that this change is due to the updating of the weights of the National Accounts System, based on new data.
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“The re-estimation of the four quarters of 2022 considered the review of all frequently used primary data, such as monthly industrial and services surveys, external financial, insurance and health data, in addition to annual structural surveys in agriculture”, explained Rebeca Palis. The IBGE highlights that, when publishing the third quarter results, it is practical to carry out a more comprehensive review, incorporating new weights from the Annual National Accounts of two previous years, which includes updates and, if necessary, methodological improvements in the quarterly data series adopted. .
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Accounts
The Quarterly National Accounts series underwent a review, following the publication of the definitive annual results for 2021 of the National Accounts System based on 2010. IBGE’s National Accounts coordinator, Rebeca Palis, explained that this review covered the year 2022 in the four quarters and the first two of 2023, using the revised data to calculate the third quarter of the year.
Rebeca Palis highlighted that, in terms of supply, industry and services practically did not undergo significant revisions in 2022. However, in agriculture, there was a notable change, with the drop going from 1.7% to 1.1%. The main revision occurred due to the transition from quarterly surveys to structural surveys.
As for demand, the biggest variation occurred in government consumption expenses, associated with health data. These expenses, initially recorded at 1.5%, were revised to 2.1%, mainly due to adjustments in public health data from DataSUS, resulting in an increase of 0.6 percentage points.
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