Economy, jobs and prices in Araxá, Brazil: official figures
Araxá's gross domestic product was R$ 8.8 billion in 2023 at current prices, 0.08% of Brazil's GDP and the 196th largest of Brazil's 5,570 municipalities.
What is the GDP per capita of Araxá?
GDP per person in Araxá was R$ 79,212 in 2023, the 492nd highest of Brazil's 5,570 municipalities and the 54th highest of 320 major Brazilian cities; for Brazil as a whole it was about R$ 53,887.
Source: Instituto Brasileiro de Geografia e Estatística (IBGE) · saved copyHow much of Minas Gerais state's economy is in Araxá?
Araxá produced 0.9% of the GDP of Minas Gerais state in 2023, while holding 0.6% of its 2026 population.
Source: Instituto Brasileiro de Geografia e Estatística (IBGE) · saved copyWhat are the main industries in Araxá?
In 2021, the latest year with a breakdown by sector, private services made up 34.8% of Araxá's gross value added, industry 55.0%, public administration, education and health 7.8% and agriculture 2.5% (Brazil: 50.7%, 25.8%, 15.8% and 7.7%).
Source: Instituto Brasileiro de Geografia e Estatística (IBGE) · saved copyWhat does the economy of Araxá depend on?
The three activities adding the most value to Araxá's economy in 2021 were manufacturing, other private services (such as finance, property, transport, information and private education and health), and trade and vehicle repair. Industry's share of value added was the 17th highest of 320 major Brazilian cities.
Source: Instituto Brasileiro de Geografia e Estatística (IBGE) · saved copyWhat is the average salary in Araxá?
Salaried employees of companies and organisations in Araxá earned an average of R$ 3,633.77 a month in 2024 (2.6 minimum wages), the 512th highest of Brazil's 5,570 municipalities and the 107th highest of 320 major Brazilian cities (Brazil: R$ 3,932.44).
Source: Instituto Brasileiro de Geografia e Estatística (IBGE) · saved copyAre wages rising in Araxá?
The average monthly salary in Araxá rose from R$ 3,215.54 in 2022 to R$ 3,633.77 in 2024 in current reais (+13.0%; Brazil: +11.0%). In minimum wages it went from 2.7 to 2.6.
Source: Instituto Brasileiro de Geografia e Estatística (IBGE) · saved copyHow many people have formal jobs in Araxá?
Registered companies and organisations in Araxá employed 39,248 people at the end of 2024, 31,415 of them salaried, equal to 33.4% of the estimated population; the 135th highest of 320 major Brazilian cities (Brazil: 32.0%). Jobs are counted where the workplace is, so they include commuters.
Source: Instituto Brasileiro de Geografia e Estatística (IBGE) · saved copyIs employment growing in Araxá?
Employment in registered firms and organisations in Araxá grew from 37,773 in 2022 to 39,248 in 2024 (+3.9%; Brazil: +8.4%).
Source: Instituto Brasileiro de Geografia e Estatística (IBGE) · saved copyHow many companies are there in Araxá?
5,876 companies and other organisations were active in Araxá in 2024, about 50 per 1,000 residents (the 149th highest of 320 major Brazilian cities), and they paid R$ 1.5 billion in wages and other pay over the year.
Source: Instituto Brasileiro de Geografia e Estatística (IBGE) · saved copyWhat is the average income in Araxá?
The median monthly household income per person in Araxá was R$ 1,300 at the 2022 census, the 93rd highest of 320 major Brazilian cities and the 583rd highest of Brazil's 5,570 municipalities (Brazil: R$ 1,000).
Source: Instituto Brasileiro de Geografia e Estatística (IBGE) · saved copyMore figures
- At current prices, not adjusted for inflation, GDP per person in Araxá went from R$ 27,467 in 2010 to R$ 79,212 in 2023, a rise of 188%. Source: Instituto Brasileiro de Geografia e Estatística (IBGE) · saved copy
How Araxá compares with other cities in Brazil
GDP at current prices (2023)
Araxá ranks 178 of 320, highest first.
| Rank | City | GDP at current prices |
|---|---|---|
| 175 | Bento Gonçalves | R$ 9.1 billion |
| 176 | Balneário Camboriú | R$ 9.0 billion |
| 177 | Lauro de Freitas | R$ 8.9 billion |
| 178 | Araxá | R$ 8.8 billion |
| 179 | Santarém | R$ 8.7 billion |
| 180 | Governador Valadares | R$ 8.6 billion |
| 181 | Simões Filho | R$ 8.5 billion |
GDP per person at current prices (2023)
Araxá ranks 54 of 320, highest first.
| Rank | City | GDP per person at current prices |
|---|---|---|
| 51 | Campinas | R$ 80,741 |
| 52 | Valinhos | R$ 80,719 |
| 53 | Erechim | R$ 80,385 |
| 54 | Araxá | R$ 79,212 |
| 55 | Porto Alegre | R$ 78,587 |
| 56 | Brusque | R$ 78,308 |
| 57 | Cabo de Santo Agostinho | R$ 78,144 |
Industry share of gross value added (2021)
Araxá ranks 17 of 320, highest first.
| Rank | City | Industry share of gross value added |
|---|---|---|
| 14 | Campos dos Goytacazes | 57.0% |
| 15 | Pindamonhangaba | 55.4% |
| 16 | Marabá | 55.0% |
| 17 | Araxá | 55.0% |
| 18 | Três Lagoas | 54.1% |
| 19 | Betim | 53.0% |
| 20 | Volta Redonda | 51.9% |
Active companies and organisations per 1,000 residents (2024)
Araxá ranks 149 of 320, highest first.
| Rank | City | Active companies and organisations per 1,000 residents |
|---|---|---|
| 146 | Ji-Paraná | 50.6 |
| 147 | Três Lagoas | 50.1 |
| 148 | Teresópolis | 50.0 |
| 149 | Araxá | 49.9 |
| 150 | Sete Lagoas | 49.9 |
| 151 | Araguari | 49.9 |
| 152 | Colombo | 49.8 |
Average monthly salary of formal employees (2024)
Araxá ranks 107 of 320, highest first.
| Rank | City | Average monthly salary of formal employees |
|---|---|---|
| 104 | Araras | R$ 3,668.88 |
| 105 | Votorantim | R$ 3,667.96 |
| 106 | Uberlândia | R$ 3,661.71 |
| 107 | Araxá | R$ 3,633.77 |
| 108 | Erechim | R$ 3,632.67 |
| 109 | Sabará | R$ 3,627.75 |
| 110 | Guarapuava | R$ 3,624.86 |
Average monthly salary in minimum wages (2024)
Araxá ranks 116 of 320, highest first.
| Rank | City | Average monthly salary in minimum wages |
|---|---|---|
| 113 | Sabará | 2.6 |
| 114 | Votorantim | 2.6 |
| 115 | Barretos | 2.6 |
| 116 | Araxá | 2.6 |
| 117 | Erechim | 2.6 |
| 118 | Fortaleza | 2.5 |
| 119 | Anápolis | 2.5 |
People employed by registered firms and organisations, % of population (2024)
Araxá ranks 135 of 320, highest first.
| Rank | City | People employed by registered firms and organisations, % of population |
|---|---|---|
| 132 | Mogi Guaçu | 33.9% |
| 133 | Dourados | 33.7% |
| 134 | Ubá | 33.4% |
| 135 | Araxá | 33.4% |
| 136 | Sinop | 33.3% |
| 137 | Serra | 33.3% |
| 138 | Divinópolis | 33.2% |
Median monthly household income per person (2022)
Araxá ranks 93 of 320, highest first.
| Rank | City | Median monthly household income per person |
|---|---|---|
| 90 | Itu | R$ 1,300 |
| 91 | Mogi Guaçu | R$ 1,300 |
| 92 | Jaú | R$ 1,300 |
| 93 | Araxá | R$ 1,300 |
| 94 | Votorantim | R$ 1,285 |
| 95 | Cambé | R$ 1,280 |
| 96 | Taubaté | R$ 1,275 |
More on Araxá: overview · health · education and schools · poverty and living standards · government budget · all cities in Brazil
Sources
- Instituto Brasileiro de Geografia e Estatística (IBGE): Estatísticas do Cadastro Central de Empresas (CEMPRE) 2022-2024: local units, companies and organisations, employed persons, salaried employees, wages and average monthly salary (SIDRA table 9509; Brazil, states and the 320 listed municipalities), read 23 October 2026 · saved copy (SHA-256 6512e29fcaa1…)
- Instituto Brasileiro de Geografia e Estatística (IBGE): Produto Interno Bruto dos Municípios, database 2010-2023 (text format, with layout): GDP, GDP per person and gross value added by sector for every municipality, with IBGE urban hierarchy, metropolitan region, Legal Amazon and semi-arid classifications, read 23 October 2026 · saved copy (SHA-256 1179047b0bcc…)
- Instituto Brasileiro de Geografia e Estatística (IBGE): Censo Demográfico 2022: mean and median monthly household income per person of residents of permanent private households, Brazil, states and municipalities (SIDRA table 10295), read 23 October 2026 · saved copy (SHA-256 34331c7982e4…)
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