Business · Economy · 1 day ago
São Paulo economy grows 1.5% in first eight months of 2026
São Paulo’s economy grew 1.5% from January to August 2026 compared with the same period a year earlier.
The state’s agriculture sector grew 2.8%, while services grew 2.4%, helping drive the increase.
Services activity in São Paulo rose 3.1%, above Brazil’s 1.7% over those eight months.
São Paulo also recorded an agribusiness trade surplus of US$15.61 billion from January to September, as exports exceeded imports.
But the sector’s exports fell 6.4% from the same period in 2025, and its surplus was 8.8% lower.
The figures give different snapshots of the state economy, including output, trade and jobs; in 2025, São Paulo added 311,228 formal jobs, the most of any Brazilian state.
São Paulo’s gross domestic product grew 1.5% from January to August 2026 compared with the same period in 2025, according to Fundação Seade.
Agriculture grew 2.8% and services grew 2.4% in that period.
In August, the state’s economic activity was up 0.9% compared with August 2025.
Over the 12 months through August, São Paulo’s GDP expanded 1%, with agriculture up 4.3% and services up 1.9%.
São Paulo’s services sector grew 3.1% in the first eight months of 2026, compared with 1.7% nationally.
- Who
- São Paulo’s economy, as measured by the state’s GDP.
- What
- GDP grew 1.5% from January to August 2026 compared with the same period in 2025.
- When
- January to August 2026; the figures were reported on November 7, 2026.
- Where
- São Paulo state, Brazil.
- Why
- Growth was driven by agriculture and services, which grew 2.8% and 2.4%, respectively.
This story does not have two clearly opposing sides.
This story does not have a timeline yet.
- GDP growth
- 1.5% from January to August 2026
- Agriculture growth
- 2.8% from January to August 2026
- Services growth
- 2.4% from January to August 2026
- August activity growth
- 0.9% compared with August 2025
- 12-month GDP growth
- 1% through August 2026