In 2017, Brazil’s gross domestic product reached 2.05 billion U.S. dollars, 63 percent of which came from the services sector. The service sector consists of the provision of services both to other businesses and to final consumers, and the service sector often encompasses transportation, distribution, and sale of goods.

Brazil’s position in the global economy

Nations with economies built on the service sector are considered more advanced than industrial or agricultural economies, and indeed, Brazil is considered an advanced emerging economy with the largest share of wealth in Latin America. Brazil has the eighth largest GDP in the world and is one of the BRICS states (Brazil, Russia, India, China, and South Africa) — certain countries with strong economic development and rising influence on regional affairs.

Brazil’s economic strengths and challenges

Brazil is also known for its agriculture and food production, with its main products including soybeans, beef, and coffee. As of 2018, Brazil is the leading producer of coffee, at over 61 thousand 60 kilogram bags. The country has an estimated 21.8 trillion U.S. dollars of natural resource commodities, including, gold, iron, oil, and timber. However,retrieving them often happens at the expense of the environment, including ongoing deforestation in the Amazon Basin, which contains the largest rainforest in the world.

The statistic shows the distribution of employment in Brazil by economic sector from 2012 to 2022. In 2022, 8.73 percent of the employees in Brazil were active in the agricultural sector, 20.49 percent in industry and 70.78 percent in the service sector.

The Gross Domestic Product (GDP) in Brazil was worth 2179.41 billion US dollars in 2024, according to official data from the World Bank. The GDP value of Brazil represents 2.05 percent of the world economy. This dataset provides the latest reported value for - Brazil GDP - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

In 2022, retail and trade was the sector in Brazil which legally employed the largest number of people, with over 13 million employees. The public administration was the third leading economic sector based on legally employed workforce that year, employing more than 7.87 million people. According to the latest data, nearly 71 percent of employment in the country were located in the services sector.

Exports: FOB: Daily Average: Principal Products: Timber data was reported at 10.133 USD mn in 30 Jun 2019. This records a decrease from the previous number of 17.684 USD mn for 23 Jun 2019. Exports: FOB: Daily Average: Principal Products: Timber data is updated daily, averaging 9.482 USD mn from Jan 2003 (Median) to 30 Jun 2019, with 954 observations. The data reached an all-time high of 51.038 USD mn in 04 Nov 2018 and a record low of 0.000 USD mn in 17 Nov 2013. Exports: FOB: Daily Average: Principal Products: Timber data remains active status in CEIC and is reported by Ministry of Development, Industry and Trade. The data is categorized under Brazil Premium Database’s Foreign Trade – Table BR.JAA002: Exports: by Main Sectors. *The weekly data is considered preliminary data. To find the final version you may go to: + Foreign Trade + Foreign Trade: Monthly According to Ministry of Development, Industry and Foreign Trade (MDIC), these data began to be published with weekly frequency in July 2012. In some weeks the data are not available because the week is very short and there is insufficient data. Commodity is a term from English language (plural commodities), which means merchandise. It is used in commercial transactions of products as primary on commodity exchanges. The term is used to refer to products based on raw or small degree of industrialization, nearly uniform quality, produced in large quantities and by different producers. These products 'in natura', cultivated or mineral extraction, can be stored for a certain period without significant loss of quality. Having quotation and global marketability, using commodity exchanges. *Os dados semanais são considerado preliminares. De acordo com o Ministério do Desenvolvimento, Indústria e Comércio Exterior (MDIC), estes dados começaram a serem divulgados em frequência semanal em Julho de 2012. Em algumas semanas não há dados porque a semana é considerada curta e neste caso não há dados suficientes. Commodity é um termo de língua inglesa (plural commodities), que significa mercadoria. É utilizado nas transações comerciais de produtos de origem primária nas bolsas de mercadorias. O termo é usado como referência aos produtos de base em estado bruto (matérias-primas) ou com pequeno grau de industrialização, de qualidade quase uniforme, produzidos em grandes quantidades e por diferentes produtores. Estes produtos 'in natura', cultivados ou de extração mineral, podem ser estocados por determinado período sem perda significativa de qualidade. Possuem cotação e negociabilidade globais, utilizando bolsas de mercadorias.

Exports: FOB: Daily Average: Principal Products: Tobacco and Tobacco Product data was reported at 7.981 USD mn in 30 Jun 2019. This records an increase from the previous number of 7.808 USD mn for 23 Jun 2019. Exports: FOB: Daily Average: Principal Products: Tobacco and Tobacco Product data is updated daily, averaging 8.181 USD mn from Jan 2003 (Median) to 30 Jun 2019, with 954 observations. The data reached an all-time high of 37.563 USD mn in 09 Sep 2012 and a record low of 0.000 USD mn in 31 Dec 2012. Exports: FOB: Daily Average: Principal Products: Tobacco and Tobacco Product data remains active status in CEIC and is reported by Ministry of Development, Industry and Trade. The data is categorized under Brazil Premium Database’s Foreign Trade – Table BR.JAA002: Exports: by Main Sectors. *The weekly data is considered preliminary data. To find the final version you may go to: + Foreign Trade + Foreign Trade: Monthly According to Ministry of Development, Industry and Foreign Trade (MDIC), these data began to be published with weekly frequency in July 2012. In some weeks the data are not available because the week is very short and there is insufficient data. Commodity is a term from English language (plural commodities), which means merchandise. It is used in commercial transactions of products as primary on commodity exchanges. The term is used to refer to products based on raw or small degree of industrialization, nearly uniform quality, produced in large quantities and by different producers. These products 'in natura', cultivated or mineral extraction, can be stored for a certain period without significant loss of quality. Having quotation and global marketability, using commodity exchanges. *Os dados semanais são considerado preliminares. De acordo com o Ministério do Desenvolvimento, Indústria e Comércio Exterior (MDIC), estes dados começaram a serem divulgados em frequência semanal em Julho de 2012. Em algumas semanas não há dados porque a semana é considerada curta e neste caso não há dados suficientes. Commodity é um termo de língua inglesa (plural commodities), que significa mercadoria. É utilizado nas transações comerciais de produtos de origem primária nas bolsas de mercadorias. O termo é usado como referência aos produtos de base em estado bruto (matérias-primas) ou com pequeno grau de industrialização, de qualidade quase uniforme, produzidos em grandes quantidades e por diferentes produtores. Estes produtos 'in natura', cultivados ou de extração mineral, podem ser estocados por determinado período sem perda significativa de qualidade. Possuem cotação e negociabilidade globais, utilizando bolsas de mercadorias.

According to recent estimates, the most affected sectors by the coronavirus pandemic in Latin America would be wholesale and retail trade as well as services in general, such as tourism, foodservice, transport, and communications. In 2020, this group of most affected sectors was forecasted to represent more than 16 percent of Brazil’s gross domestic product (GDP). Among the countries shown in this graph, Brazil is the nation where sectors moderately affected by the pandemic could represent the highest contribution to GDP (75.8 percent).

Which Latin American economies were most vulnerable to the pandemic? In 2020, the economic sectors most affected by the coronavirus pandemic - wholesale and retail, hotels and restaurants, transport and services in general - were forecasted to account for 35.5 percent of Panama’s GDP. In addition, the moderately and most affected economic segments were estimated to contribute the most to Panama’s GDP (a combined 97.6 percent) than any other country in this region. A similar scenario was projected in Mexico, where the sectors that would least suffer the pandemic's negative effects would account for only 3.4 percent of GDP.

Did the pandemic put a stop to economic growth in Latin America? Economic growth changed dramatically after the COVID-19 outbreak. Most of the largest economies in Latin America fell under recession in 2020. Estimates predict a more optimistic scenario for 2021, with countries such as Mexico, Colombia, and Argentina growing their GDP at least five percent.

Graph and download economic data for Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Industry (Except Construction) for Brazil (PRINTO01BRA661N) from 1975 to 2023 about Brazil, IP, and construction.

Graph and download economic data for Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Industry (Except Construction) for Brazil (BRAPROINDQISMEI) from Q1 1975 to Q1 2024 about Brazil, IP, and indexes.

ABSTRACT: The complex relationship between production structure and economic growth has been the subject of considerable debate among Brazilian economists. This debate became especially relevant after the 2000s, when Brazil experienced a period of growth from the rise of commodity exports, which contrasted with the stagnation observed in the previous two decades. To analyse the capacity of commodity exports to generate long-term economic growth, this paper assesses this sector's performance and its effects on related sectors in the upstream supply chain through input-output tables. These analyses lead to two main conclusions. First, expansion of agricultural and mineral commodities production exhibited little capacity to boost the economy because they have the lowest linkage indices. Second, the analysis of the Brazilian production structure demonstrated that sectors related to manufacturing can stimulate other sectors, such as sophisticated services, because of their high linkage effects on other sectors. This study also demonstrates that a development strategy should take benefit of comparative advantages in order to reach a structural change oriented toward expanding manufacturing.

Graph and download economic data for Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Industry (Except Construction) for Brazil (PRINTO01BRQ661N) from Q1 1975 to Q1 2024 about Brazil, IP, and construction.

Graph and download economic data for Production: Industry: Total Industry Excluding Construction for Brazil (PRINTO01BRA659S) from 1976 to 2024 about Brazil, IP, and construction.

Graph and download economic data for Wholesale Prices: Industry Aggregates: Total for Brazil (WPIATT01BRQ661N) from Q1 1970 to Q4 2022 about Brazil, wholesale, and industry.

Brazil Exports: FOB: Daily Average data was reported at 936.718 USD mn in 30 Jun 2019. This records a decrease from the previous number of 1.083 USD bn for 23 Jun 2019. Brazil Exports: FOB: Daily Average data is updated daily, averaging 746.100 USD mn from Jan 2003 (Median) to 30 Jun 2019, with 964 observations. The data reached an all-time high of 1.915 USD bn in 04 Nov 2018 and a record low of 0.001 USD mn in 19 Jan 2015. Brazil Exports: FOB: Daily Average data remains active status in CEIC and is reported by Ministry of Development, Industry and Trade. The data is categorized under Brazil Premium Database’s Foreign Trade – Table BR.JAA002: Exports: by Main Sectors. *The weekly data is considered preliminary data. To find the final version you may go to: + Foreign Trade + Foreign Trade: Monthly According to Ministry of Development, Industry and Foreign Trade (MDIC), these data began to be published with weekly frequency in July 2012. In some weeks the data are not available because the week is very short and there is insufficient data. Commodity is a term from English language (plural commodities), which means merchandise. It is used in commercial transactions of products as primary on commodity exchanges. The term is used to refer to products based on raw or small degree of industrialization, nearly uniform quality, produced in large quantities and by different producers. These products 'in natura', cultivated or mineral extraction, can be stored for a certain period without significant loss of quality. Having quotation and global marketability, using commodity exchanges. *Os dados semanais são considerado preliminares. De acordo com o Ministério do Desenvolvimento, Indústria e Comércio Exterior (MDIC), estes dados começaram a serem divulgados em frequência semanal em Julho de 2012. Em algumas semanas não há dados porque a semana é considerada curta e neste caso não há dados suficientes. Commodity é um termo de língua inglesa (plural commodities), que significa mercadoria. É utilizado nas transações comerciais de produtos de origem primária nas bolsas de mercadorias. O termo é usado como referência aos produtos de base em estado bruto (matérias-primas) ou com pequeno grau de industrialização, de qualidade quase uniforme, produzidos em grandes quantidades e por diferentes produtores. Estes produtos 'in natura', cultivados ou de extração mineral, podem ser estocados por determinado período sem perda significativa de qualidade. Possuem cotação e negociabilidade globais, utilizando bolsas de mercadorias.

Graph and download economic data for Wholesale Prices: Industry Aggregates: Total for Brazil (WPIATT01BRM661N) from Jan 1970 to Feb 2023 about Brazil, wholesale, and industry.

Graph and download economic data for Production: Industry: Total Industry Excluding Construction for Brazil (PRINTO01BRQ657S) from Q2 1975 to Q1 2025 about Brazil, IP, and construction.

In 2021, the economy of Rio de Janeiro was centered on the service sector, as this sector made up approximately 84 percent of the region's GDP. Agriculture and livestock made up just a fraction of Rio's GDP, at just 0.04 percent. The economy of Rio de Janeiro is similar to the economic data presented for Brazil, although Rio's service sector is much larger due to the fact that it is highly urbanized.

Graph and download economic data for Labor Compensation: Earnings: All Activities: Real Monthly Earnings for Brazil (LCEATT04BRQ661S) from Q2 2012 to Q3 2023 about Brazil, compensation, earnings, and real.

Activities (products and industries) in the bottom-5 and top-5 of complexity estimated from exports (top) and industry (bottom), and the region with the highest RCA on such activity.

Graph and download economic data for Labor Compensation: Earnings: All Activities: Monthly for Brazil (LCEATT03BRM189N) from Mar 2012 to Oct 2023 about Brazil, compensation, and earnings.