The size of iFood and its impact on the Brazilian economy

Get to know the company's numbers, which generates an amount similar to the GDP of the country's largest cities per year

Download the Fipe survey here

The operation of the iFood has an important impact on the economy Brazilian. The company moves R$ 31.8 billion in the country, an amount that corresponds to 0.43% of GDP (Gross Domestic Product), points out a research carried out by Fipe (Fundação Instituto de Pesquisas Econômicas) with data from 2020.

This means that if iFood were a city, it would be in 30O place in list of largest GDPs that year among the 5,570 Brazilian municipalities, according to IBGE (Brazilian Institute of Geography and Statistics). It would be slightly larger than Belém (PA) and slightly smaller than São Luís (MA), whose GDPs are R$ 30.8 billion and R$ 33 billion, respectively.

In the state of São Paulo, the amount that iFood moves is close to the GDP of one of the richest cities in the region, Ribeirão Preto (R$ 35.2 billion). 

When compared to the city of Osasco (SP), where iFood's headquarters are located, the value that the brand generates is equivalent to 41.7% of GDP of the municipality, the seventh largest in the country.

Generation of income and work

In the field of work, Fipe's research also shows that iFood generated around 730 thousand jobs in 2020. This is equivalent to 0.72% of the employed population in the country that year, or 83% of admissions in the agricultural sector. 

Furthermore, every real spent on the app contributes R$ 1.4 to the country's economy. And for every R$ 1 paid in taxes for iFood's activities, another R$ 1.11 is collected in its chain, in the form of taxes such as ICMS (Tax on Circulation of Goods and Services), IPI (Tax on Industrialized Products) and ISS ( Tax on Services of Any Nature).

Was this content useful to you?

Related posts