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 2013 to 2023. In 2023, 8.2 percent of the employees in Brazil were active in the agricultural sector, 20.17 percent in industry and 71.63 percent in the service sector.

Brazil Exports: Price: Transformation Industry: Other Plasticsin Primary Forms data was reported at 1,727.473 USD/Ton in 30 Apr 2025. This records a decrease from the previous number of 1,753.021 USD/Ton for 27 Apr 2025. Brazil Exports: Price: Transformation Industry: Other Plasticsin Primary Forms data is updated daily, averaging 1,834.752 USD/Ton from Mar 2019 (Median) to 30 Apr 2025, with 263 observations. The data reached an all-time high of 2,396.887 USD/Ton in 12 May 2024 and a record low of 1,038.353 USD/Ton in 21 Jun 2020. Brazil Exports: Price: Transformation Industry: Other Plasticsin Primary Forms data remains active status in CEIC and is reported by Special Secretariat for Foreign Trade and International Affairs. The data is categorized under Brazil Premium Database’s Foreign Trade – Table BR.JAA004: Exports: Economic Activity: Product: Price.

ABSTRACT The article aimed to forecast the Brazilian economy’s growth potential in the 2016-2025 period, assuming the absence of changes in industrial policy. It is based on a formal growth model constrained by the balance of payments (BOP) developed by the authors and disaggregated into three sectors (farming, industry, and services). All its parameters were econometrically estimated, including those of the world economy relevant to the Brazilian economy’s performance. Assuming that the current macroeconomic management “tripod” was maintained in the country, the basic interest rate and exchange rate policy were calibrated to generate the maximum growth rate allowed by the external constraint compatible with the maintenance of inflation in target each year. Forecasts were also made about the performance of the three sectors’ key variables, resulting from such calibration. Forecasted potential GDP and productivity growth were low (even by recent historical standards) and decreasing over time, with slower growth in the industrial sector than in other ones. The results revealed the critical importance of the industrial sector for such performance, suggesting that an efficient industrial policy could significantly increase the Brazilian economy’s growth potential.

Brazil Public Sector: Year to Date: % of GDP: Local Government: Uses: Primary data was reported at -0.063 % in Apr 2019. This records an increase from the previous number of -0.103 % for Mar 2019. Brazil Public Sector: Year to Date: % of GDP: Local Government: Uses: Primary data is updated monthly, averaging -0.113 % from Jan 2001 (Median) to Apr 2019, with 220 observations. The data reached an all-time high of 0.192 % in Jan 2009 and a record low of -0.777 % in Jan 2001. Brazil Public Sector: Year to Date: % of GDP: Local Government: Uses: Primary data remains active status in CEIC and is reported by Central Bank of Brazil. The data is categorized under Brazil Premium Database’s Government and Public Finance – Table BR.FA038: Public Sector: Uses and Sources: Local Government: % of Nominal GDP: Year to Date.

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

The share of value added by the agriculture, forestry and fishing sector to the gross domestic product in Brazil increased by *** percentage points (+**** percent) compared to the previous year. In total, the share amounted to **** percent in 2023. The agriculture, forestry, and fishing sector includes crop cultivation, forestry, hunting, fishing, and livestock production. The value added refers to the net output of the sector, obtained by deducting the intermediate inputs (or intermediate consumption) from the gross production revenues.Find more statistics on other topics about Brazil with key insights such as employment in the agricultural sector as share of total employment.

In 2024, the metallurgical sector exported the most goods to the United States. That year, the sector exported *** billion dollars worth of goods to the North American country. Meanwhile, the food industry exported *** billion dollars worth of goods.

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

Forecast: Primary Fruit Production in Brazil 2024 - 2028 Discover more data with ReportLinker!

Graph and download economic data for Leading Indicators OECD: Component Series: Business Tendencies Survey: Production: Normalised for Brazil (BRALOCOBPNOSTSAM) from Jan 1980 to Dec 2023 about leading indicator, Brazil, and production.

Graph and download economic data for Production: Manufacturing: Total Manufacturing for Brazil (PRMNTO01BRQ657S) from Q2 1975 to Q3 2025 about Brazil, IP, and manufacturing.

In 2023, ******* was the leading business in the agricultural sector in Brazil, based on net revenue. That year, the company generated a revenue of around *** billion Brazilian reals. Bunge Alimentos ranked second, with approximately **** billion reals worth of revenue.

Brazil Public Sector: Public Enterprises: Uses: Primary data was reported at 227.341 BRL mn in Apr 2019. This records an increase from the previous number of -239.494 BRL mn for Mar 2019. Brazil Public Sector: Public Enterprises: Uses: Primary data is updated monthly, averaging -145.326 BRL mn from Dec 2001 (Median) to Apr 2019, with 209 observations. The data reached an all-time high of 2,564.056 BRL mn in Dec 2012 and a record low of -2,435.699 BRL mn in Aug 2006. Brazil Public Sector: Public Enterprises: Uses: Primary data remains active status in CEIC and is reported by Central Bank of Brazil. The data is categorized under Brazil Premium Database’s Government and Public Finance – Table BR.FA040: Public Sector: Uses and Sources: Public Enterprises.

Graph and download economic data for Production: Manufacturing: Investment Goods: Total for Brazil (PRMNVG01BRQ661N) from Q1 1991 to Q4 2018 about Brazil, capital, investment, production, goods, and manufacturing.

Forecast: Primary Oilseeds Production in Brazil 2024 - 2028 Discover more data with ReportLinker!

Brazil Public Sector: Last 12 Months Accumulated: Public Enterprises: Uses: Primary data was reported at -6,463.478 BRL mn in Apr 2019. This records an increase from the previous number of -6,716.539 BRL mn for Mar 2019. Brazil Public Sector: Last 12 Months Accumulated: Public Enterprises: Uses: Primary data is updated monthly, averaging -1,503.458 BRL mn from Nov 2002 (Median) to Apr 2019, with 198 observations. The data reached an all-time high of 6,005.959 BRL mn in Aug 2015 and a record low of -6,716.539 BRL mn in Mar 2019. Brazil Public Sector: Last 12 Months Accumulated: Public Enterprises: Uses: Primary data remains active status in CEIC and is reported by Central Bank of Brazil. The data is categorized under Brazil Premium Database’s Government and Public Finance – Table BR.FA042: Public Sector: Uses and Sources: Public Enterprises: Last 12 Months Accumulated.

In 2023, the employment in the agricultural sector as share of total employment in Brazil was 8.2 percent. Between 1991 and 2023, the figure dropped by 10.15 percentage points, though the decline followed an uneven course rather than a steady trajectory.

In 2019, the meat derivatives sector in Brazil ranked first in annual net revenue within the food industry, reaching ***** billion Brazilian reals, up from more than *** billion reals recorded a year earlier. The coffee, tea and cereals sector ranked second that year, generating ** billion reals in net revenue.

In 2023, the retail sector alone accounted for approximately ** percent of the advertising spending in Brazil, making it the industry investing the most in ads in the South American country. The consumer services and the finance and insurance segments followed with shares of around ** and **** percent, respectively.