Brazil IT to generate $132bi in 2013

Trade body predicts a 7.3 percent increase on last year's figures

The IT sector in Brazil should generate about $132bi in 2013, according to figures released the sector's main trade body.

If the forecast is correct, the sector would see a 7.3 percent increase on last year's figure of $123bi. This would place Brazil as the seventh largest market in the world, according to the Brazilian Association of Information Technology and Communication Companies (Brasscom).

Brasscom's president Antonio Gil was quoted by trade magazine Info as saying that Brazil needs to see a more intensive use of technology within its small and medium enterprises, as well as the public sector, in order to achieve further growth.

According to Gil, IT's share in the country's GDP is currently just over 5 percent - and the expectation is that this number will rise to 8 percent by 2022.