The forecasted growth of employment in Brazil's retail trade sector (excluding motor vehicles and motorcycles) from 2024 to 2028 shows a steady increase. In 2023, this sector employed approximately 7.87 million people. The expected year-on-year growth is about 0.76% for 2025, 0.74% for 2026, 0.72% for 2027, and 0.70% for 2028. The compound annual growth rate (CAGR) over the next five years is projected at around 0.73%.
Future trends to watch for include:
- Technological advancements influencing workforce requirements and skill sets.
- Evolving consumer behaviors impacting retail employment.
- Potential economic shifts or policy changes affecting market dynamics.
