IBGE Reports Broad-Based 2023 Growth Across All Brazilian States, With Centre-West Out in Front

Overview

• Brazil’s economy grew 3.2% in 2023, and all five major regions expanded, led by the Centre-West with a 7.6% increase while the South rose 2.6%.
• Three states posted double-digit growth in 2023: Acre at 14.7%, Mato Grosso do Sul at 13.4% and Mato Grosso at 12.9%.
• Thirteen states and the Federal District outpaced the national rate, with eight of those advances driven primarily by agriculture, and Rio de Janeiro supported by oil and gas.
• The Southeast’s share of national GDP eased to 53% in 2023 from 57.4% in 2002, even as São Paulo remained dominant at 31.5%, while states like Mato Grosso gained share over two decades.
• State snapshots released with the data show Piauí at R$ 80.9 billion in 2023 with 3.1% growth and the third-lowest GDP per capita at R$ 24.7 thousand, and Amazonas at R$ 161.7 billion with 2.05% growth led by industry and services.