Agribusiness in Brazil leaps forward in 20 years and is now equivalent to Argentina’s GDP

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By José Maria Tomazela

This year’s record harvest of more than 300 million tonnes expected for Brazil shows the proportion that agribusiness has taken within the Brazilian economy.

Between 2002 and 2022, the country’s agricultural GDP jumped (in deflated numbers) from US$122 billion to US$500 billion – the equivalent of Argentina’s GDP.

According to economist José Roberto Mendonça de Barros, Brazilian agribusiness has shown extraordinary growth over the last 40 years, with the last 20 years standing out.

“Unlike what happened in the urban sector, whether in industry or in services, the growth of agribusiness . . .

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