Annual Industrial Survey released last Thursday (06/06), points to the Oil Industry as the leader of the sectors that have the best salary followed by the mining area

A survey by the IBGE points out that the Oil extraction sector had the best salaries in 2017. The sector paid seven times more than the average salary paid in other industrial activities.
The Annual Industrial Survey also showed a decline in average industry wages of 12,8% in a decade, but also indicated that the income of workers in the oil and gas sector rose 76,1%.

Regarding the average salary of the sectors, Oil and Gas companies paid average salaries equivalent to 21,3 minimum wages, while the rest of the industry paid an average of 3,2 minimum wages.
The Survey ranked in second place the mineral extraction industry, with an average of 9,6 minimum wages in 2017 and in third place, the manufacture of coke, petroleum products and biofuels, with 8,8 minimum wages.

When releasing the survey, the IBGE highlighted the importance of the Oil and Gas industry on the national scene, as it represents 5,4% of the Brazilian industry's revenues.
In the research, the result of 2017 was compared with that of 2008 and Oil industry was the only one with job growth, something around 44%.

The extraction industry, however, employs a small number of workers, in 2017 there were 192.031 workers, compared to the transformation industries that employ 7,5 million people.
In the manufacturing industry, the largest number of jobs comes from food manufacturing (23,3%), followed by clothing and footwear manufacturing (8,2%).

Oil sector growth

The 44% growth in employment in the oil and gas sector is proportional to the growth in national production between 2008 and 2017, which went from 1,8 million barrels per day to 2,6 million barrels per day due to discovery of the giant pre-salt fields.

An even greater growth in the Oil and Gas sector is estimated, given that after three years without offers for areas, we already have 3 Oil auctions scheduled for 2019 and the ANP's idea is to hold at least 3 per year, which will attract a lot of foreign investment to the sector.

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