Services sector corresponds to the highest GDP of Paraíba

  • World Real Estate

With the potential to reach its first million inhabitants economically, but with a Gross Domestic Product (GDP) that is totally dependent on the services sector, responsible for just over 50% of all the riches produced, the city of João Pessoa is still the locomotive that pulls the Paraiba economy. The GDP of João Pessoa, measured at R $ 18.3 billion by the IBGE, is slightly higher than the double of the second economy in Paraiba, Campina Grande (R $ 7.9 billion).

The capital still leads the city of Agreste to be more industrialized - for comparative purposes, while the industry in the capital corresponds to a third of the amount generated by the services sector, in Campina Grande the industrial sector is half the values generated by the sector services.

According to Wanderleya Farias, a professor of economics at the UFPB and coordinator of the Socioeconomic and Environmental Diagnostic Extension project in Paraíba Municipalities, Paraíba's personal leadership in the economy is closely linked to the size of the population of the capital of Paraíba and the structure of its Metropolitan Region.

"The leadership of personal GDP in the state ranking is associated with the size of its consumer market and the agglomeration economies already existing in its productive sector that stimulate the arrival of new enterprises for the city," he explained.

IBGE data in 2015 indicated that the services sector held 50.2% of the municipal Gross Domestic Product. Industry ranked second with 18.7%, while public administration, defense, education and health and social security accounted for 18.3%. On the other hand, agriculture was the sector with the lowest percentage share, of only 0.1%.

The expressive participation of the service sector is not considered a particular scenario of João Pessoa, so the economics professor Paraibana tells us at UFPB. According to Wanderleya, this is a dynamic that is being verified in most of the major cities of Brazil and the world.

"The organizational restructuring of large companies, initiated in Brazil since the 1990s, has led to the outsourcing of several stages of the production process and has released a significant contingent of workforce that has been absorbed by the third sector," he explained.

Source: G1 Paraíba (