SC GDP grows above the national average and the state consolidates itself as the 6th largest economy in Brazil

Santa Catarina's Gross Domestic Product (GDP) grew 5.3% and was among the best performers in the country, pointed out the Brazilian Institute of Geography and Statistics (IBGE), which released national data and data from the 26 states and the Federal District (DF).

The data released this Friday (13) refers to the year 2024. GDP is consolidated after two years, so that all databases used are ready.

The total value of Santa Catarina's GDP was R$584.2 billion, remaining the country's sixth largest economy. Of this total, 80.6% comes from the economic sectors, representing R$471 billion. The remainder, R$113.2 billion, comes from taxes.

Brazilian GDP was R$11.8 trillion in 2024 and grew 3.4% compared to 2023. Check out the states with the largest shares in the country's economy:

Participation of states and DF in Brazil's GDP

Position Federation Unit Participation 1st São Paulo 31.1% 2nd Rio de Janeiro 10.5% 3rd Minas Gerais 9% 4th Paraná 6.2% 5th Rio Grande do Sul 6% 6th Santa Catarina 5% 7th Bahia 4%

How did the economic sectors behave?

According to IBGE, the situation of the economic sectors in Santa Catarina was as follows:

Variation in economic activities in SC and Brazil in 2024

Activity Santa Catarina (%) Brazil (%) Industry 3.8 3.1 Agriculture -5.2 -3.7 Services 3.8 3.8

Growth was mainly driven by manufacturing industry activities (7.1%) in the case of industry; and information and communication (9.8%) and other services (6.9%), in the case of services.

The transport, storage and mail sector (3.8%), also in services, had twice the national growth (1.9%). Real estate activities (5.2%) and construction (4.5%) also stood out.

According to the State Planning Secretariat, the performance of the agricultural sector reflected, among other factors, the effects of climatic conditions on agricultural production.

The value achieved for each sector was:

Services - R$309.7 billion

Industry - R$ 101.3 billion

Agriculture - R$30.4 billion

When dividing each activity, the sectors that grew the most were:

Services

Other services - 17.4%

Sale and repair of motor vehicles and motorcycles - 15.7%

Administration, defense, education and public health and social security - 12.4%

Real estate activities - 10.4%

Industry

Manufacturing industries - 21.5%

Construction - 4.7%

Electricity and gas, water, sewage, waste management and decontamination activities - 1.3%

Extractive industries - 0.3%

How was GDP per capita?

In 2024, Santa Catarina's GDP per capita was R$72,498.47, the third highest among the federation units.

Only the Federal District (R$ 128,146.82) and São Paulo (R$ 79,664.75) had a GDP per capita greater than that of Santa Catarina in 2024.

The state's GDP per capita is 1.31 times greater than the national GDP, at R$55,409.93.