Economy, jobs and prices in Belo Horizonte, Brazil: official figures
Belo Horizonte's gross domestic product was R$ 130.2 billion in 2023 at current prices, 1.19% of Brazil's GDP and the 5th largest of Brazil's 5,570 municipalities.
What is the GDP per capita of Belo Horizonte?
GDP per person in Belo Horizonte was R$ 56,227 in 2023, the 1078th highest of Brazil's 5,570 municipalities and the 128th 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 Belo Horizonte?
Belo Horizonte produced 13.4% of the GDP of Minas Gerais state in 2023, while holding 11.3% of its 2026 population.
Source: Instituto Brasileiro de Geografia e Estatística (IBGE) · saved copyWhat are the main industries in Belo Horizonte?
In 2021, the latest year with a breakdown by sector, private services made up 68.6% of Belo Horizonte's gross value added, industry 17.5%, public administration, education and health 13.8% and agriculture 0.0% (Brazil: 50.7%, 25.8%, 15.8% and 7.7%).
Source: Instituto Brasileiro de Geografia e Estatística (IBGE) · saved copyWhat does the economy of Belo Horizonte depend on?
The three activities adding the most value to Belo Horizonte's economy in 2021 were other private services (such as finance, property, transport, information and private education and health), public administration, defence, public education and health and social security, and trade and vehicle repair. Industry's share of value added was the 123rd lowest of 320 major Brazilian cities.
Source: Instituto Brasileiro de Geografia e Estatística (IBGE) · saved copyWhat is the average salary in Belo Horizonte?
Salaried employees of companies and organisations in Belo Horizonte earned an average of R$ 4,567.11 a month in 2024 (3.2 minimum wages), the 88th highest of Brazil's 5,570 municipalities and the 23rd highest of 320 major Brazilian cities (Brazil: R$ 3,932.44).
Source: Instituto Brasileiro de Geografia e Estatística (IBGE) · saved copyAre wages rising in Belo Horizonte?
The average monthly salary in Belo Horizonte rose from R$ 4,120.69 in 2022 to R$ 4,567.11 in 2024 in current reais (+10.8%; Brazil: +11.0%). In minimum wages it went from 3.4 to 3.2.
Source: Instituto Brasileiro de Geografia e Estatística (IBGE) · saved copyHow many people have formal jobs in Belo Horizonte?
Registered companies and organisations in Belo Horizonte employed 1,730,476 people at the end of 2024, 1,417,679 of them salaried, equal to 71.6% of the estimated population; the 4th 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 Belo Horizonte?
Employment in registered firms and organisations in Belo Horizonte grew from 1,607,613 in 2022 to 1,730,476 in 2024 (+7.6%; Brazil: +8.4%).
Source: Instituto Brasileiro de Geografia e Estatística (IBGE) · saved copyHow many companies are there in Belo Horizonte?
234,853 companies and other organisations were active in Belo Horizonte in 2024, about 97 per 1,000 residents (the 12th highest of 320 major Brazilian cities), and they paid R$ 82.8 billion in wages and other pay over the year.
Source: Instituto Brasileiro de Geografia e Estatística (IBGE) · saved copyWhat is the average income in Belo Horizonte?
The median monthly household income per person in Belo Horizonte was R$ 1,441 at the 2022 census, the 52nd highest of 320 major Brazilian cities and the 332nd 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 Belo Horizonte went from R$ 24,923 in 2010 to R$ 56,227 in 2023, a rise of 126%. Source: Instituto Brasileiro de Geografia e Estatística (IBGE) · saved copy
How Belo Horizonte compares with other cities in Brazil
GDP at current prices (2023)
Belo Horizonte ranks 5 of 320, highest first.
| Rank | City | GDP at current prices |
|---|---|---|
| 2 | Rio de Janeiro | R$ 418.5 billion |
| 3 | Brasília | R$ 365.7 billion |
| 4 | Maricá | R$ 134.1 billion |
| 5 | Belo Horizonte | R$ 130.2 billion |
| 6 | Manaus | R$ 127.6 billion |
| 7 | Curitiba | R$ 120.1 billion |
| 8 | Osasco | R$ 119.4 billion |
GDP per person at current prices (2023)
Belo Horizonte ranks 128 of 320, highest first.
| Rank | City | GDP per person at current prices |
|---|---|---|
| 125 | Criciúma | R$ 57,529 |
| 126 | Araçatuba | R$ 57,253 |
| 127 | Cachoeirinha | R$ 57,111 |
| 128 | Belo Horizonte | R$ 56,227 |
| 129 | Cariacica | R$ 55,761 |
| 130 | Cascavel | R$ 55,176 |
| 131 | Porto Velho | R$ 55,170 |
Industry share of gross value added (2021)
Belo Horizonte ranks 198 of 320, highest first.
| Rank | City | Industry share of gross value added |
|---|---|---|
| 195 | Jaú | 17.7% |
| 196 | São Lourenço da Mata | 17.7% |
| 197 | Nossa Senhora do Socorro | 17.5% |
| 198 | Belo Horizonte | 17.5% |
| 199 | Lavras | 17.4% |
| 200 | João Pessoa | 17.4% |
| 201 | Vitória da Conquista | 17.3% |
Active companies and organisations per 1,000 residents (2024)
Belo Horizonte ranks 12 of 320, highest first.
| Rank | City | Active companies and organisations per 1,000 residents |
|---|---|---|
| 9 | Porto Alegre | 105.3 |
| 10 | São Paulo | 102.6 |
| 11 | Santana de Parnaíba | 101.0 |
| 12 | Belo Horizonte | 97.2 |
| 13 | Blumenau | 95.3 |
| 14 | São José do Rio Preto | 94.2 |
| 15 | Ribeirão Preto | 93.9 |
Average monthly salary of formal employees (2024)
Belo Horizonte ranks 23 of 320, highest first.
| Rank | City | Average monthly salary of formal employees |
|---|---|---|
| 20 | São Leopoldo | R$ 4,666.91 |
| 21 | São Bernardo do Campo | R$ 4,603.37 |
| 22 | Valinhos | R$ 4,601.63 |
| 23 | Belo Horizonte | R$ 4,567.11 |
| 24 | Jaraguá do Sul | R$ 4,558.49 |
| 25 | São José dos Campos | R$ 4,537.74 |
| 26 | São Carlos | R$ 4,529.49 |
Average monthly salary in minimum wages (2024)
Belo Horizonte ranks 23 of 320, highest first.
| Rank | City | Average monthly salary in minimum wages |
|---|---|---|
| 20 | Jundiaí | 3.3 |
| 21 | São Leopoldo | 3.3 |
| 22 | Valinhos | 3.3 |
| 23 | Belo Horizonte | 3.2 |
| 24 | Belém | 3.2 |
| 25 | Campo Grande | 3.2 |
| 26 | São José dos Campos | 3.2 |
People employed by registered firms and organisations, % of population (2024)
Belo Horizonte ranks 4 of 320, highest first.
| Rank | City | People employed by registered firms and organisations, % of population |
|---|---|---|
| 1 | Barueri | 132.9% |
| 2 | São Caetano do Sul | 83.5% |
| 3 | Vitória | 80.7% |
| 4 | Belo Horizonte | 71.6% |
| 5 | Florianópolis | 71.3% |
| 6 | Curitiba | 69.0% |
| 7 | Nova Lima | 67.2% |
Median monthly household income per person (2022)
Belo Horizonte ranks 52 of 320, highest first.
| Rank | City | Median monthly household income per person |
|---|---|---|
| 49 | Goiânia | R$ 1,450 |
| 50 | Piracicaba | R$ 1,450 |
| 51 | Santa Maria | R$ 1,450 |
| 52 | Belo Horizonte | R$ 1,441 |
| 53 | Sorocaba | R$ 1,433 |
| 54 | Assis | R$ 1,407 |
| 55 | Pinhais | R$ 1,404 |
More on Belo Horizonte: 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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