The forecast of Brazil's Agriculture, Forestry, and Seafood Gross Value Added indicates a gradual decline from 2024 to 2028, with the year-on-year change registering a decrease from 2024's 2.88 to 2.71 by 2028. The continuous drop in value suggests diminishing growth rates that could be attributed to multiple factors impacting these sectors. As of 2023, the baseline value remains unstated but is crucial for contextualizing these changes. The compound annual growth rate (CAGR) over these five years reflects a persistent downward trend, reinforcing underlying challenges in the sector.
Future trends to watch include technological advancements, climate change impacts, and shifts in both domestic and global demand. Additionally, policy changes and investments in sustainable practices could play significant roles in altering the current trajectory observed in these forecasts.
