Brazil’s Productivity Shows One of the Weakest Performances in 2019-2021
Effective labor productivity dropped 9.0% between 2019 and 2021. This indicator compares the productivity of the Brazilian industry with the average of its top 10 trading partners – United States, Argentina, Germany, Mexico, the Netherlands, South Korea, Japan, Italy, France, and the United Kingdom. Productivity losses were recorded only by Brazil (-5.2%), France (-5.1%) and Japan (-2.1%). These are the only countries analyzed that still present productivity below the pre-pandemic level. Effective productivity has declined by 23% since 2000, the beginning of the series.