Categories: News

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%.

SEE TOO
Commerce closes 2021 with a 1.4% increase in retail sales
ECONOMY
Commerce closes 2021 with a 1.4% increase in retail sales
Electricity bill gets cheaper for the first time in nine months
ECONOMY
Electricity bill gets cheaper for the first time in nine months
Health care stirred retail trade data in December
ECONOMY
Health care stirred retail trade data in December
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.

The Great Writer and The Passionate Poet As Well, He Graduated from University Of Florida in Journalism and Brad have around 12 years of experience in news and media section.

Recent Posts

Uniswap (UNI) Reaches New Heights as DeFi Activity Surges

Uniswap (UNI), the native token of the biggest decentralized exchange protocol, has risen to $8.…

4 weeks ago

Decentralized Oracles Drive Chainlink’s (LINK) Growth

Chainlink (LINK), the most popular decentralized oracle provider, has witnessed its token LINK rise to…

4 weeks ago

Chainlink (LINK) Resurges as Oracle Demand Grows Across Blockchain Ecosystems

LINK, Chainlink’s native token, has surged back to the list of top trending cryptocurrencies as…

1 month ago

Pyth Network (PYTH) Declines by 3.23% Amidst Surging Trading Volume

Pyth Network (PYTH) has recently been on an uptrend with the token increasing by 3.…

1 month ago

The Sandbox (SAND) Experiences 3.78% Decline Amidst High Trading Activity

The Sandbox (SAND) has recently encounter a 3. There was a fall of 78% of…

1 month ago

Ethereum Rivals Rise And More Issues That Will Move The Crypto Market

Ethereum, as the second-largest cryptocurrency by market capitalization, has been a dominant force in the…

2 months ago