In 2023, the remuneration in the mining and quarrying sector in Brazil stood at an estimated 20.8 billion Brazilian Reals. According to forecasts for 2024-2028, remuneration is expected to grow incrementally each year, reaching 23.1 billion Brazilian Reals in 2028. This represents a Compound Annual Growth Rate (CAGR) of approximately 2.59% over the five-year period.
The year-on-year growth rate for 2024-2025 is 2.2%, with a consistent trend observed up to 2028, reflecting a stable increase in sector remuneration.
Future trends to watch for include global commodity price fluctuations, advancements in mining technology, and regulatory changes impacting investment and operational efficiencies, which may influence remuneration growth in Brazil's mining and quarrying sector.
