Share of wages in Brazil’s GDP fell by 12% in five years
The share of workers' salaries in Brazil's Gross Domestic Product (GDP)—measure of the total value of all goods and services produced in the country—decreased by 12.9 percent over five years, reaching its lowest level in 16 years. This percentage has been declining since 2016, when it peaked at 35.5 percent of GDP. In 2021, wages accounted for 31 percent of GDP.According to data released by the government´s statistic agency IBGE, during the same period, companies' gross operating surplus, from which profits are derived, increased its share of GDP from 32.3 percent to 37.5 percent, representing a 16 percent growth between 2016 and 2021.Commenting on the data, IBGE head Márcio Pochmann argued that they indicate a reversal of the upward trend in the share of wages in GDP observed between ...