Service Sector Overcomes Pandemic Losses and Grows 10.9% in 2021

The service sector grew 1.4% in December and ended the year 2021 with a rise of 10.9%, according to information released this Thursday (10) by the IBGE (Brazilian Institute of Geography and Statistics).

With the highest growth for a year-end since the beginning of the historical series, in 2012, the sector, responsible for about 70% of the national GDP (Gross Domestic Product), reversed the losses recorded in 2020, a year marked by the advance of the pandemic. of the new coronavirus, when the volume of services fell by 7.8%.

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For Rodrigo Lobo, manager responsible for the PMS (Monthly Service Survey), the sector accumulated a positive variation of 0.1% between 2012 and 2019. However, the result jumped 2.2% in the years 2020 and 2021. He attributes the result to the “more dynamic performance of some service segments in 2021”.

“The pandemic brought business opportunities for services aimed at companies, such as information technology, cargo transport, warehousing, transport logistics and auxiliary financial services, which had more expressive gains and compensated for the losses of face-to-face services”, evaluates Wolf.

With the sector’s leap from November to December, the volume of services provided increases the distance from the pre-pandemic level to 6.6%, reaching its highest level since August 2015. In the last quarter, the high accounted for by the sector was 0.8%, compared to the previous three months.

In the last year, all activities showed a positive performance, which had only occurred in 2012. “Of the ten years of the series, the sector closed positive in five (2012, 2013, 2014, 2019 and 2021), and, of these five , only in 2012 and 2021 there was growth in all activities”, reveals the researcher.

Among the segments, the activities that stood out the most over the past year were transport, auxiliary transport and mail services (+15.1%) and information and communication (9.4%). With the jump, the two areas surpassed the drops of 7.6% and 1.6%, respectively, recorded in 2020.

The other advances came from professional, administrative and complementary services (+7.3%); services provided to families (+18.2%); and other services (+5%), which has grown since 2018, up 6.8% even in the face of the pandemic.

In the case of professional, administrative and complementary services and services provided to families, the growth in 2021 was not enough to offset the losses of, respectively, 11.4% and 35.6% computed in 2020.

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