Forecast: Tourism Direct Employment in Brazil

In 2023, the value of tourism direct employment in Brazil stood at 2.68 units of total employment. The year-on-year growth for 2023 was 0.87%, continuing a trend of modest annual increases observed since 2020. Between 2019 and 2023, the compound annual growth rate (CAGR) was 1.39%, indicating steady but slow growth in employment within the tourism sector.

Looking at the last five years, the average annual growth rate was 0.61%. Forecasts suggest that by 2028, tourism direct employment is expected to grow by a total of 3.07% from 2023 levels, with a modest annual growth rate of 0.61% over the five-year period.

Future trends to watch for:

• The impact of global economic conditions on tourism spending and employment.
• Changes in international travel patterns and how they affect local tourism employment.
• Technological advancements and their potential to boost job creation in the tourism sector.
• Government policies and investments aimed at promoting tourism and related employment.