In 2023, the largest component of Brazil's GDP by sector was Services, contributing 46.18%, followed by Mining, Manufacturing, and Utilities with 18.7%. The Wholesale and Retail Trade sector, including restaurants and hotels, accounted for 15.85%. Transport, Storage, and Communication comprised 8.09%, while Construction made up 6.13%, and Agriculture, Hunting, Forestry, and Fishing represented 5.06%. Year-over-year trends show a moderate increase in Services and a slight decline in Agriculture. Over the past five years, the CAGR indicates gradual growth in Services, driven by innovation and digital transformation.
Future trends to watch include:
- Continued expansion in the service-oriented sectors propelled by technological advancements and urbanization.
- A potential shift towards sustainable energy industries impacting the Mining, Manufacturing, and Utilities sector.
- Increasing investments in infrastructure could boost the Construction sector.
- Agricultural sector might face challenges due to climate change, necessitating adaptations.
Top countries in GDP Composition by Sector
| # | 6 Countries | Percent | Last Year | |
|---|---|---|---|---|
| 1 | 1 Services | 46.18 | 2016 | |
| 2 | 2 Mining, Manufacturing, Utilities | 18.7 | 2016 | |
| 3 | 3 Wholesale, retail trade, restaurants and hotels | 15.85 | 2016 | |
| 4 | 4 Transport, storage and communication | 8.09 | 2016 | |
| 5 | 5 Construction | 6.13 | 2016 | |
| 6 | 6 Agriculture, hunting, forestry, fishing | 5.06 | 2016 |
