The contribution of the construction sector to Brazil's GDP experienced some fluctuations from 2013 to 2023. After a notable decline in 2015, it gradually recovered, reaching 6.18 units in 2023. The year-on-year variations for the last two years indicate stability, with changes of approximately 0.49% from 2022 to 2023 and 0.48% from 2021 to 2022. Looking forward, the CAGR over the next five years is projected to be 0.32%, reflecting modest but positive growth, with a forecasted total growth rate of 1.61% over this period.
Future trends to watch include government infrastructure initiatives, shifts in housing demand, and potential economic reforms that could impact the construction sector's stability and growth. Monitoring global economic conditions that influence investment and material costs will also be crucial.
