Based on the forecast data for Brazil's Accommodation and Food Service Activities sector, employment is expected to grow steadily from 2.2623 million in 2024 to 2.3561 million in 2028. The year-on-year growth remains consistent over the period, indicating a stable increase in employment levels. As of 2023, the employment figure in this sector stood slightly below 2.2623 million, marking a gradual recovery in post-pandemic times. The Compound Annual Growth Rate (CAGR) reveals a modest yet consistent annual increase over the five-year forecast.
Looking ahead, the sector's growth will likely be fueled by tourism recovery and domestic economic improvements. Close attention should be paid to factors such as global economic conditions, labor market regulations, and technological advancements that may influence employment trends in this sector.
