Supermarket sector in Brazil invoices US$104 billion in 2020, represents 7.5% of GDP
RIO DE JANEIRO, BRAZIL – The data were released Friday, May 21, by the Brazilian Supermarket Association (ABRAS), which stressed that the sales figure of R$554 billion represents 7.5% of Brazil’s Gross Domestic Product (GDP). There are 3 million direct and indirect jobs in the sector.
“The invoicing of the 91,000 stores, with the new changes we are currently introducing, represents R$554 billion. In this amount all supermarket distribution channels are included. We are talking about physical sales, e-commerce sales, and delivery,” said Marcio Milan, ABRAS’ vice-president.
He added that the data include all channels, neighborhood supermarkets, traditional supermarkets, and mini-markets. “This amount presented today provides ABRAS with a new level, new information, a signaling of how this large number of segments will be handled, which today serves almost 90% of the population,” he said.
More: Brazil news in English, every day from The Rio Times.
This article was produced by The Rio Times’ automated newsroom system. How we use AI · Report an error
Read More from The Rio Times