The bar chart compares five different industries in terms of their contribution to Brazil’s GDP in 2009 and 2019, followed by projections for 2029.
Overall, the percentage share of Finance is projected to become the largest in Brazil’s economy by 2029 following a steady upward trend. In contrast, the figures for Manufacturing and Tourism are expected to experience a significant decline over the 20-year period, while the remaining two sectors are predicted to maintain relatively stable contributions despite minor fluctuations in the middle of the period.
In 2009, the Finance segment accounted for around 32% of Brazil’s GDP, before experiencing significant growth to roughly 37% by 2019. This upward trajectory is projected to continue, with the percentage set to reach a peak of approximately 42% in 2029, making it the leading contributor. Meanwhile, the remaining two sectors showed a relatively stable pattern. In particular, the proportions of Food Processing and Oil, coal and gas started at around 11% and 26% respectively in 2009, and despite minor fluctuations over the period, both are expected to finish the period at their initial levels.
In contrast, the proportions for both Manufacturing and Tourism followed a downward trend throughout the period. At the beginning, the percentages for Manufacturing and Tourism stood at about 21% and 26% respectively. Over the following decade, the share of Manufacturing decreased steadily to approximately 16% in 2019, and it is forecast to drop to 5% by 2029. Similarly, the figure for Tourism saw a decline, falling to roughly 21% in 2019 and is predicted to remain unchanged in the final year.