Brazil: Small businesses generate income of US$78 billion per year

Smaller companies account for 30% of the GDP, according to an estimate by Sebrae.

RIO DE JANEIRO, BRAZIL - Small businesses generate around R$420 billion (US$78 billion) annually, equivalent to one-third of the Brazilian Gross Domestic Product (GDP).

The estimate is included in the Atlas of Small Businesses, launched by Sebrae (Brazilian Service to Support Micro and Small Enterprises), which completed 50 years this Tuesday, July 5, 2022.

According to the survey, smaller businesses inject R$35 billion per month into the Brazilian economy. The survey analyzed the . . .

To read the full NEWS and much more, Subscribe to our Premium Membership Plan. Already Subscribed?