Structural Change in the Brazilian Economy During the Years of Low Growth (2015-2019)
The structural decomposition of gross output value identified productive improvements in the sectors of Architecture, Engineering, Technical Testing/Analysis and R&D Services, and Oil and Gas Extraction. In contrast, there was structural deterioration in industrial sectors such as Biofuel Manufacturing and Manufacturing of Pesticides and Various Chemical Products. In the employment analysis, productivity gains were observed in Agriculture and Livestock, while the Construction sector showed the largest absolute loss of jobs.
The results suggest that the low-growth period left as a legacy structural changes localized in specific sectors, with most variations being explained by changes in final demand. This indicates that, although the crisis broadly affected the Brazilian economy, its impact on the productive structure was heterogeneous, with some sectors demonstrating adaptive capacity while others faced deterioration of their productive capabilities.