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Zack Greinke Jersey , March 3 (Xinhua) -- Brazil's economy shrank 3.8
percent in 2015, marking its worst performance in 25 years, the state statistics
institute (IBGE) reported Thursday.

"The rate of -3.8 percent is the lowest ... since 1990," when the economy
contracted 4.3 percent, said INGE's Rebeca Palis La Rocque, according to
Brazilian news network Globo.

Latin America's largest economy saw gross domestic product (GDP) contract by
1.4 percent in the fourth quarter last year, capping nine previous months of
negative growth.

According to
IBGE Authentic
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5.9 trillion reais (some 1.51 billion U.S. dollars) in 2015.

Per capita GDP registered 28,876 reais (7,425 dollars), or 4.6 percent less
than in 2014.

"Only the agricultural sector grew in 2015," expanding 1.8 percent, driven by
an increase in soy (11.9 percent) and corn (7.3 percent), Globo said.

Still Paul
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when it fell 3.1 percent.

The services sector shrank 2.7 percent compared to the year before, and the
industrial sector contracted 6.2 percent, affected by a nearly 8 percent
contraction in construction.

"Construction dropped significantly," La Rocque said, due to lower activity
in both infrastructure building and real estate.

The construction sector dipped 7.6 percent and manufacturing, 9.7
percent Zack
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appliance production.

Oil, gas and mining fared better, "helping to cushion the fall" in economic
activity, said the news agency.

In general, the numbers show economic growth has come to a "sudden
standstill," the IBGE indicated.

After hitting 7.6 percent growth in
2010 Randy
Johnson Jersey , Brazil's GDP took a nosedive in 2011 (3.9) and has been
more or less sliding since -- 1.9 percent in 2012, 3 percent in 2013, and 0.1
percent in 2014.

In 2015, the government registered a fiscal deficit of some 111.2 million
reais (28.6 million dollars), the highest deficit since 2001.

Brazil's economic contraction has been accompanied by a rise in unemployment,
inflation and the benchmark interest rate (14.25 percent annually), and tighter
credit.

The three leading credit rating agencies --
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