Brazil’s services sector saw a rapid rise from in 1990 to in 1993, followed by a major correction to in 1994 as economic reforms focused on industry. The sector gradually rebounded in the 2000s, reaching by 2017, boosted by telecommunications and financial services expansion. The services sector's share fell to in 2020 during the pandemic but started to recover as restrictions lifted, ending at in 2022. The sector’s growth remains linked to urbanization, consumption, and digital services expansion in Brazil’s economy.
Discover additional trends and data on Brazil’s urbanization rate, Brazil’s industry share in GDP, Brazil’s population density.
