A survey by the Institute for Industrial Development Studies (Iedi) indicated that Brazil had the third-largest retraction in the industrial sector among 30 countries since 1970, trailing only Australia and the United Kingdom.
Industrial production, the main factor in the development of a country, has lost more space in the Brazilian productive structure. Currently, this sector presents numbers at the same levels as those of the 1910s.
According to the IBGE, after two years of growth, Brazilian industrial production fell by 1.1% in 2019. In the last 50 years, the participation of the Brazilian industrial sector in the national GDP has shrunk from 21.4% to 12.6%.
The El País website reports that "data released this Wednesday (March 4, 2020) reveal that the crisis that has been going on in the Brazilian industry for years has shown no signs of improvement. In the last three months of last year, the industrial sector remained stagnant and advanced 0.1% compared to the previous period.
According to El País, "the retraction further reinforces the downward trend in the participation of the manufacturing industry, responsible for converting raw materials into production and consumption goods, in GDP in recent years. In 2019, the sector that encompasses the plastics, food, beverages, metallurgy, textile industry, among others, represented only 11% of economic activity. Two decades ago, activity accounted for more than 15% of GDP. In 1970, the participation was 21.4%".
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