Forecast: Number of Persons Employed in Support Activities for Oil and Gas Extraction Sector in Brazil

In 2023, the number of employees in Brazil's support activities for the oil and gas extraction sector was approximately 17.65 thousand. Forecasts for the years 2024 to 2028 show a consistent decline in employment figures. The projected year-on-year reductions indicate a downward trend, with employment expecting to fall by around 4% annually during this period. Calculating the Compound Annual Growth Rate (CAGR), the employment rate is set to decrease by an average of 5% per year over the five-year span.

Future trends to watch for include:

  • Technological advancements potentially reducing labor requirements.
  • Market fluctuations affecting sector investment and operational scales.
  • Environmental and regulatory shifts that might impact industrial operations and employment dynamics.

Top Countries about Oil And Gas Extraction