Brazil’s services sector saw a rapid rise from 60.5% in 1990 to 73.3% in 1993, followed by a major correction to 56.9% in 1994 as economic reforms focused on industry. The sector gradually rebounded in the 2000s, reaching 63.3% by 2017, boosted by telecommunications and financial services expansion. The services sector's share fell to 61.4% in 2020 during the pandemic but started to recover as restrictions lifted, ending at 58.9% 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.
