Cost-Competitiveness Indicators

In 2019, the unit labor cost (ULC) in the Brazilian Industry fell by 3.6% compared to the average ULC in the country’s main trading partners, according to the indicator of effective unit labor costs, measured in real US dollars. In 2019, the main determinant behind the decline in ULC was the effective labor productivity, which grew by 2.9% compared to 2018. For 2020, the effective ULC is expected to fall, continuing the downward trend of the last two years.