Agribusiness GDP could grow 35.9% in 2023 and reach R$2.65 trillion, Cepea and CNA estimate

the information – The gross domestic product of Brazilian agribusiness could reach R$2.65 trillion this year, up 35.9% from 2022, according to calculations by the Center for Advanced Studies in Applied Economics (Cepea/Esalq/USP) and the Brazilian Confederation of Agriculture and Livestock (CNA), released on Monday. Tuesday (27). Accounts include activities before, inside, and outside the portal.

The expected increase is driven by the primary sector, whose GDP may grow 5.6%, to R$760 billion. Cepea and CNA also forecast a 0.4% increase in the GDP of agribusiness, which would reach R$609 billion, and 0.6% in services targeting this sector, to R$1.12 trillion. Input GDP is expected to decline by 15.7% to R$162.7 billion, thanks in large part to lower fertilizer prices.

On all fronts (inputs, primary production, agro-industries, and services), the GDP of the agricultural branch could increase by 2.3%, to R$1.952 billion, and the livestock branch tends to decline by 4.3%, to R$699.5. one billion. The values ​​are adjusted by the implicit GDP deflator and take into account the results obtained in the first quarter.

For the January-March period, Cepea and CNA calculations indicated growth of 0.19% in GDP, with a 0.66% rise in the agricultural sector, mainly supported by a record soybean harvest in the 2022/23 harvest. In Livestock there was a decline of 1.09%, driven by lower prices and production values ​​of livestock and poultry.

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