Services sector value added to GDP in Brazil 2023

In 2023, the value added by the services industry to the gross domestic product in Brazil increased by 0.02 trillion U.S. dollars (+1.65 percent) compared to 2022. While the growth is slowing down, with 1.23 trillion U.S. dollars, the value added is at its peak in the observed period.
Value added is the net output of a sector after adding up all outputs and subtracting intermediate outputs. It refers to the contribution of a sector or industry to the overall GDP. The components of value added consist of compensation of employees, taxes on production and imports less subsidies, and gross operating surplus.

Find more statistics on other topics about Brazil with key insights such as value added by the services industry to the gross domestic product, share of value added by the manufacturing industry to the gross domestic product, and share of value added by the services industry to gross domestic product.

Value added by the services industry to the gross domestic product (GDP) in Brazil from 2012 to 2023 (in trillion U.S. dollars)

Characteristic	Value in trillion U.S. dollars
2023	1.23
2022	1.21
2021	1.16
2020	1.1
2019	1.15
2018	1.13
2017	1.11
2016	1.1
2015	1.12
2014	1.15
2013	1.14
2012	1.11

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Release date

October 2024

More information

Region

Brazil

Survey time period

2012 to 2023

Special properties

Values in constant U.S. dollars based on 2015 prices

Supplementary notes

Data represents the value added in wholesale and retail trade (including hotels and restaurants), transport, and government, financial, professional, and personal services such as education, health care, and real estate services. Also included are imputed bank service charges, import duties, and any statistical discrepancies noted by national compilers as well as discrepancies arising from rescaling.
Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources.

The source does not provide a date of release, the date given is the one of last access.
Figures have been rounded.

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