The bar chart illustrates the percentage share of Brazil’s economy contributed by five industries in 2009 and 2019, with a projection for 2029.
Overall, finance is expected to remain the largest contributor throughout the period and show a steady increase. In contrast, the shares of manufacturing and tourism are predicted to decline over time, while oil, coal and gas is forecast to rise before falling slightly by 2029. Food processing is expected to remain relatively stable after an initial increase.
Looking first at the sectors showing growth, the finance industry accounted for approximately 30% of Brazil’s economy in 2009. This figure increased to around 35% in 2019 and is projected to reach 40% by 2029, making it the dominant sector throughout the period. Similarly, the share of oil, coal and gas is expected to rise from 25% in 2009 to 30% in 2019 before declining slightly to around 25% in 2029.
By contrast, manufacturing contributed about 20% in both 2009 and 2019 but is forecast to fall to approximately 15% by 2029. Likewise, the share of tourism is predicted to decrease gradually from 25% in 2009 to 20% in both 2019 and 2029. Meanwhile, food processing accounted for around 10% in 2009, rose to 20% in 2019, and is expected to remain unchanged at this level in 2029.
