105,000 jobs were created directly and indirectly by the company, says study
O, Brazilian technology company focused on rent and real estate sales, moved R $ 10 billion in the Brazilian economy from 2021 to 2024. Data are studying by CEDEPLAR (Center for Development and Regional Planning), the Faculty of Economic Sciences of UFMG (Federal University of Minas Gerais).
The service sector, the company’s main area, was the one that had the most impact, with R $ 7.85 billion. Then came the industry, with $ 2.16 billion impact. Then the agricultural sector (R $ 82.54 million).
From 2021 to 2024, 105,000 jobs were created directly and indirectly for the Quintoandar.
“The data show that this impact goes beyond our customers and the service sector, benefiting several other people and segments throughout the Brazilian production chain”said Lucas Lima, COO (Chief Operating Officer) of Quintoandar.
The researchers also stated that the average revenue with rent in Brazil is R $ 1,996, reflecting the sum of all regions and lanes.
The study also estimates that the reduction of families’ revenue for more than their properties are unoccupied in Brazil is, on average, R $ 66.60 per day, or R $ 2,000 per month.
To estimate the impact of the company’s operation on Brazil, the economic effects were calculated on relevant indicators, such as GDP (Gross Domestic Product), employment, income, families and investment. A model of interregional (general computable equilibrium) (general equilibrium) was used.
The results represent the total impacts on the economy, that is, reflect both direct effects (input suppliers), indirect (impacts throughout the supply and productive chain) and induced (due to higher families consumption).
