Brasília – Productivity – an index that measures how much is produced per hour of work – increased in Brazil by 6% a year from 2002 to 2012, a lower rate than those of 11 other countries surveyed, the National Confederation of Industry (CNI, in the Portuguese acronym) has reported. The countries with higher productivity rates than Brazil are as follow: South Korea, Taiwan, Singapore, United States, Japan, Spain, Germany, France, Australia, Canada and Italy.
CNI’s research and competitiveness manager Renato da Fonseca ascribes the result partly to the low skill level of Brazil’s workforce. “Sadly, our labor force is not ready to learn new technologies,” said the economist. As another cause for low productivity in the country, he names inexpressive investment levels. “Since 2010, the Brazilian economy has virtually not grown at all.”
*Translated by Gabriel Pomerancblum
