The passenger transport employment in Brazil saw fluctuations from 2013 to 2023, standing at 426.75 Thousand jobs in 2023. Initial years showed a mix of slight growth and decline, with 2017 exhibiting a significant increase of 7.48%. However, subsequent years were marked by a gradual decline with a compounded annual growth rate (CAGR) of -1.23% over the five years leading up to 2023.
Year-on-year variation for 2022 and 2023 were -0.3% and -0.29% respectively, indicating a continuing trend of decline. Forecast data from 2024 to 2028 suggests a future downturn with a forecasted five-year CAGR of -0.22%, predicting a further drop to 420.84 Thousand jobs by 2028.
Future trends to watch for:
- Technological advancements and automation potentially reducing workforce needs.
- Economic factors such as GDP growth and consumer spending patterns.
- Regulatory changes influencing the transport sector.
