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Sergipe , the smallest state in Brazil, has economic growth above the national average, driven by gas, oil, services and infrastructure investments.
Sergipe is expected to experience strong economic growth in 2024. The forecast is 3,6%, almost three times higher than initially expected. This figure exceeds the Brazilian average (3,5%). Despite being the smallest state in the country in terms of territory, Sergipe is emerging as one of the most economically dynamic in the Northeast region. The economy is diversifying, attracting companies and generating jobs.
Sergipe surprises: economic growth above the national average
O growing of 3,6% of GDP Sergipe in 2024 attracted attention. It exceeded the initial expectation of 1,7% and the national average. The state has a GDP of R$57 billion. Its population is 2,2 million inhabitants.
The balance of formal titles also grew significantly (+33% compared to October 2024, according to the source). Its geographical position on the northeastern coast is an asset. It guarantees access to the sea and enables the exploration of natural gas and oil.
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From sugar cane to the oil boom in Sergipe
The economy of Sergipe has undergone major transformations. In the colonial period, a peculiarity of the main activity. Then came the monoculture of sugar cane, from the 17th century. Sugar production boosted the state, but created an unequal society. Industrialization began gradually at the beginning of the 20th century (textiles, alcohol, sugar).
From the 1950s onwards, incentives from Sudene helped attract new industries. A major change occurred in the 60s, with the discovery of oil and gas off the coast. Petrobras invested heavily, boosting the industry and diversifying the economy of Sergipe.
The pillars of current growth: services, industry and natural gas
Currently, the economy of Sergipe is developing. The service sector is the main driver, accounting for more than 60% of the state's GDP. In 2024 (source period), Sergipe led the nominal growth of service revenue in the country (133,8%). The volume of services also grew strongly (7,9%). Industry is still very relevant (about 23% of GDP).
It is strongly linked to the energy sector, with emphasis on oil and natural gas. Sergipe It is the 7th largest gas producer and the 6th largest oil producer in Brazil, with potential for expansion. Resources such as potassium and limestone are also explored.
Programs boost competitiveness
To sustain growth, Sergipe has invested in infrastructure. The state government is investing in improving highways, ports and airports. In 2024 (year of source), R$141 million was invested in transportation, an increase of 86% over 2022.
Programs like “Acelera Sergipe ”, created in 2024, allocates resources for works in several municipalities. There are R$ 200 million for the restoration of roads and restructuring of shopping centers. The objective is to improve logistics, strengthen commerce and generate jobs.
Sergipe consolidates itself as a hub in the Northeast
Sergipe is emerging as a new and important economic hub in the Northeast. Its dynamism and growth above the media show potential. The state can become one of the richest in the region. Its future depends on continued investment in modernization.
The sustainable exploitation of its natural wealth (gas, oil) is fundamental. With an administration focused on innovation and development, Sergipe tends to strengthen its position as a strategic production and export hub. It can become a national reference.
