Illustration: Sasin Paraksa/Shutterstock
The recent report from Observatório Itaú Cultural revealed that the creative economy sector in Brazil employed over 7.7 million workers by the end of 2023, the highest number since the series began in 2 7890-2868012.
Why it matters. This record level of employment in the sector is likely due to the dynamic labor market and the resumption of cultural and innovation financing through government channels.
Context. Between Q4 2022 and Q4 2023, the creative economy added more than 287,000 jobs, a 4 percent increase — double the overall job market growth of 2 percent.
Virtuous cycle. As with other activities in the services sector, the creative industry likely benefits from the rising wage bill in Brazil.
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