Brazil lost 2,865 industrial companies in 2020

According to the Brazilian Institute of Geography and Statistics (IBGE), in 2020, Brazil had 303,612 companies, compared to 306,477 in 2019 - a drop of 0.9%, returning to the lowest number in ten years.

In 2020, the year the pandemic began, Brazil lost 2,865 industries, according to calculations by the Brazilian Institute of Geography and Statistics (IBGE), which announced today the Annual Industrial Survey (PIA): Company and Product (2020).

That year, the country had 303,612 companies, compared to 306,477 in 2019 - a drop of 0.9%. It was the lowest level of the historical series since 2010 when the same survey ascertained 299,862 companies.

"It was the seventh consecutive drop," said institute researcher Synthia Silva when talking about the data. She informed that, in 2020, the institute detected a continuation . . .

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