In 2023, the workforce in Brazil's crude petroleum and natural gas extraction sector was recorded as 3.9 thousand employees. Forecasts from 2024 to 2028 show a steady annual growth in employment: 2024 (4.03), 2025 (4.15), 2026 (4.27), 2027 (4.39), and reaching 4.5 thousand by 2028. Year-on-year growth rates remain consistent, reflecting a positive trend. Over the five-year period, the compound annual growth rate (CAGR) stands significantly, indicating a resilient increase in workforce numbers.
Future trends to watch for include:
- Technological advancements in extraction processes increasing operational efficiency but potentially impacting job growth.
- Sustainability policies and renewable energy shifts influencing sector dynamics.
- Global oil price volatility affecting employment stability and growth projections.
