Industry’s importance
The Industry’s importance in Brazil and the Manufacturing’s importance in Brazil present the role of Brazilian industry in the country’s economy. The importance of the sector is measured in production, formal employment and wages, exports, innovation expenditures and collected taxes.
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Industry’s importance in Brazil
Industry as a whole represents 20.9% of Brazil’s GDP, but it’s responsible for 70.1% of exports, 72.2% of business R&D spending and for 33% of federal taxes (except social security taxes). Each R$ 1.00 produced in Industry, generates R$ 2.40 for the Brazilian economy. In the other sectors, a lower value is generated: R$ 1.66 in Agriculture and R$ 1.49 in Services.
March/2020
