3.2 GDP of Brazil and Its Unique Sectorial Makeup
All Sector Makeup
Predominant Sectors: Agriculture, Manufacturing, Services
Not So Predominant Sectors: Mining, Construction
Total GDP
Total GDP of Brazil is Approximately $2.126 trillion in 2023.
Primary Industry Share: 6.81%, Sectors Contributing: Agriculture, Forestry
Secondary Industry Share is 20.7% in 2022 – Sectors Contributing: Manufacturing, Construction
Tertiary Industry Share is 58.61 % in 2022. – Sectors Contributing Service
Figure 1: Brazil: The proportion of each economic sector to the GDP from 2012 to 2022
GDP Growth Rate – YOY
Total GDP Growth Rate: 3.1% (2023)
Primary Industry growth rate: The growth rate in the primary industry varies, influenced by agriculture and mining performance.
Secondary Industry growth rate: The secondary industry’s growth rate fluctuates, driven by manufacturing and construction trends.
Tertiary Industry growth rate: The tertiary industry typically experiences more stable growth, particularly in the services sector.