Women lead 10.1 mi businesses in Brazil, study finds
A study by the Brazilian Support Service for Micro and Small Businesses (SEBRAE) has found that women’s entrepreneurship in Brazil is showed signs of recovery in the last quarter of last year, after a decline in the first months of the pandemic of the novel coronavirus.
Based on data from the Continuous National Household Sample Survey (PNADC), the study shows that after slipping to 8.6 million in the second quarter of 2020, the number of women running a business in the country closed out the fourth quarter of 2021 at 10.1 million, the same as in the last quarter of 2019, before the pandemic.
Despite this progress, the participation of female entrepreneurs among business owners in Brazil (34%) is still below the best mark in this time series, reported in the fourth quarter of 2019, when they added up to 34.8 percent of the total.
The study also indicates that women among employer business owners also remain below pre-crisis levels. At the end of 2019, there were 1.3 million female business owners who hired employees, which accounted for 13.6 percent of all business owners. By the end of last year, this figure had sank to 1.1 million (11.4 percent of all).
The data show that 50 percent of female business owners are in services, while 21 percent are in construction. As for men, services have 35 percent of business owners, construction 21 percent.
