In 2023, wages and salaries in the agricultural products and livestock sector of Brazil stood at 43.2 billion Brazilian Reals. According to forecasts from 2024 to 2028, the sector exhibits a gradual decline in year-on-year value; from 42.7 billion in 2024 to 41.24 billion in 2028. The annual decrease of 2024-2028 reflects an average year-on-year decline of approximately 0.87%. Over the five-year period, a CAGR of around -0.92% characterizes a contraction in remuneration within the sector.
Looking forward, watch for factors such as technological advancements in agriculture, government policies, and global commodity prices, which could impact wages and salaries in this sector. Adapting to automation and sustainable practices may also influence labor dynamics and overall sector performance.
