Brazil’s industry sector has shown mixed trends over the years, influenced by economic volatility, political instability, and commodity price swings. In the early 1990s, industry accounted for over 33% of GDP, peaking at 37.3% in 1993. However, structural challenges led to a steady decline, with contributions dropping to around 23% by 2003. The sector saw a moderate recovery during the commodity boom of the mid-2000s, reaching 24.3% in 2004, but economic recession in the 2010s reduced industry’s GDP share to below 20%. Following the pandemic, a slight recovery has been noted, with contributions rising to 20.7% in 2022 as industrial policies aimed at promoting local manufacturing began taking effect.
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