Brazil Daily

2021 Brazil is no place for goods manufacturers

Happy Friday! Today, Brazil fares terribly in industry ranking. The government hits a snag in its plan to free up budget space. A solid start for Brazil’s 5G auction.

A costly country for industries

industry brazil
Brazilian industry has continuously shrunk. Photo: Juca Varella/Folhapress

Consultancy firm KMPG launched a new report assessing the costs of manufacturing goods in 17 countries from Europe, Asia, and the Americas. The ranking accounts for political risks, primary and secondary costs, availability of resources, and labor-related issues. This issue of the report included Brazil for the first time — and the country ranked as the most expensive on the list for goods manufacturers.

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