From 2013 to 2023, the value added by Wholesale, Retail Trade, Restaurants, and Hotels in Brazil showed significant fluctuations. The sector peaked in 2014 before experiencing a substantial drop by 2015 through 2016, followed by a recovery from 2017 onwards. The value stood at approximately $286 billion USD in 2023.
The year-on-year variations indicate significant shifts in performance with a notable downturn in 2015 and during the 2020 pandemic, contrasting with years of growth such as 2021. The compound annual growth rate (CAGR) over the last five years (2019-2023) stands at approximately 1.39%, highlighting modest but steady improvement.
Looking ahead to 2024 and beyond, forecasts predict moderate growth, with a five-year CAGR of 1.04% and a cumulative growth rate of 5.29% by 2028. This underscores a trend towards stabilization and gradual incremental growth in the sector.
Future trends to watch include:
- Impact of digital transformation in retail and hospitality.
- Economic policies affecting consumer spending power.
- Post-pandemic recovery dynamics and tourism resurgence.
