Rio Grande do Sul is the fourth economy in Brazil considering its Gross Domestic Product (GDP), that reaches 381.9 billion reais¹. The State participates with 6.3% of national GDP, being only surpassed by São Paulo (32.4%), Rio de Janeiro (11%) and Minas Gerais (8.7%) states.
RS economy's association with national and international markets is above Brazilian average. For this reason, the participation of the state economy has a higher oscillation than that of the other Brazilian states, since it is strongly influenced by the dynamics of exports. Although the sector framework of RS’s GVA confirms the strong participation of the Services Sector in the State, with the growth that took place during the two last decades, it may be said that the State economy is driven by two hegemonic sectors: agriculture and manufacturing industry.
The Industrial and Services sectors participated, respectively, with 23.2% and 67.4% of GVA in 2015. The State agricultural sector presented, according to data relative to 2015, a participation of 9.4% of GVA, being highly associated to the agro-industrial sector. According to existing studies², if agro-industrial activities are added, such participation reaches 30% of the economic structure, besides being the most decentralized economic sector in the territory. It should be noted that the agricultural sector has been strongly affected by the droughts that largely explain the poor results of some crops and impact GDP negatively, as in the case of years 2004 and 2005.
¹ IBGE/Contas Regionais
³ SEPLAN – Estudo de Desenvolvimento Regional e Logística do RS - Rumos 2015
Source: FEE. Núcleo de Contabilidade Social e IBGE. Coordenação de Contas Nacionais
Source: FEE. Centro de Informações Estatísticas/Núcleo de Contas Regionais and IBGE/Diretoria de Pesquisas, Coordenação de Contas Nacionais