In 2023, wages and salaries in the refined petroleum products and coke sector in Brazil stood at 8.16 billion Brazilian Reals. From 2024 onwards, the forecast indicates a steady increase in wages and salaries, reaching 9.95 billion Brazilian Reals by 2028. The projected year-on-year growth rates are: 4.35% in 2025, 4.05% in 2026, 3.79% in 2027, and 3.75% in 2028. Over the five-year period from 2024 to 2028, the compound annual growth rate (CAGR) is expected to average around 4.07%.
Future trends to watch for include:
- Potential fluctuations in global oil prices affecting sector growth.
- Economic and policy changes impacting labor costs.
- Technological advancements influencing productivity and workforce requirements.
