Brazil small business is the country's real job engine, making up almost all firms and most formal hiring, a fact foreign investors often overlook.
Key Facts
—The share. Micro and small firms make up about 99 percent of all companies in Brazil.
—The jobs. They provide roughly 55 percent of formal-sector jobs and create most new hires.
—The count. Brazil has around 22 million small businesses, most with up to five employees.
—The output. These firms account for close to 30 percent of the country’s economic output.
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