Economy, jobs and prices in Formosa, Brazil: official figures
Formosa's gross domestic product was R$ 3.9 billion in 2023 at current prices, 0.04% of Brazil's GDP and the 391st largest of Brazil's 5,570 municipalities.
What is the GDP per capita of Formosa?
GDP per person in Formosa was R$ 33,807 in 2023, the 2473rd highest of Brazil's 5,570 municipalities and the 96th lowest 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 Goiás state's economy is in Formosa?
Formosa produced 1.2% of the GDP of Goiás state in 2023, while holding 1.6% of its 2026 population.
Source: Instituto Brasileiro de Geografia e Estatística (IBGE) · saved copyWhat are the main industries in Formosa?
In 2021, the latest year with a breakdown by sector, private services made up 51.7% of Formosa's gross value added, industry 19.2%, public administration, education and health 20.5% and agriculture 8.6% (Brazil: 50.7%, 25.8%, 15.8% and 7.7%).
Source: Instituto Brasileiro de Geografia e Estatística (IBGE) · saved copyWhat does the economy of Formosa depend on?
The three activities adding the most value to Formosa'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 141st lowest of 320 major Brazilian cities.
Source: Instituto Brasileiro de Geografia e Estatística (IBGE) · saved copyWhat is the average salary in Formosa?
Salaried employees of companies and organisations in Formosa earned an average of R$ 3,013.16 a month in 2024 (2.1 minimum wages), the 1780th highest of Brazil's 5,570 municipalities and the 119th lowest of 320 major Brazilian cities (Brazil: R$ 3,932.44).
Source: Instituto Brasileiro de Geografia e Estatística (IBGE) · saved copyAre wages rising in Formosa?
The average monthly salary in Formosa rose from R$ 2,429.83 in 2022 to R$ 3,013.16 in 2024 in current reais (+24.0%; Brazil: +11.0%). In minimum wages it went from 2.0 to 2.1.
Source: Instituto Brasileiro de Geografia e Estatística (IBGE) · saved copyHow many people have formal jobs in Formosa?
Registered companies and organisations in Formosa employed 28,096 people at the end of 2024, 20,819 of them salaried, equal to 23.3% of the estimated population; the 96th lowest 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 Formosa?
Employment in registered firms and organisations in Formosa grew from 25,740 in 2022 to 28,096 in 2024 (+9.2%; Brazil: +8.4%).
Source: Instituto Brasileiro de Geografia e Estatística (IBGE) · saved copyHow many companies are there in Formosa?
5,794 companies and other organisations were active in Formosa in 2024, about 48 per 1,000 residents (the 160th highest of 320 major Brazilian cities), and they paid R$ 810 million in wages and other pay over the year.
Source: Instituto Brasileiro de Geografia e Estatística (IBGE) · saved copyWhat is the average income in Formosa?
The median monthly household income per person in Formosa was R$ 1,042 at the 2022 census, the 130th lowest of 320 major Brazilian cities and the 2148th 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 Formosa went from R$ 10,850 in 2010 to R$ 33,807 in 2023, a rise of 212%. Source: Instituto Brasileiro de Geografia e Estatística (IBGE) · saved copy
How Formosa compares with other cities in Brazil
GDP at current prices (2023)
Formosa ranks 263 of 320, highest first.
| Rank | City | GDP at current prices |
|---|---|---|
| 260 | Passos | R$ 4.1 billion |
| 261 | Itaperuna | R$ 4.1 billion |
| 262 | Nova Serrana | R$ 3.9 billion |
| 263 | Formosa | R$ 3.9 billion |
| 264 | Lavras | R$ 3.9 billion |
| 265 | Uruguaiana | R$ 3.9 billion |
| 266 | Altamira | R$ 3.9 billion |
GDP per person at current prices (2023)
Formosa ranks 225 of 320, highest first.
| Rank | City | GDP per person at current prices |
|---|---|---|
| 222 | Vitória da Conquista | R$ 34,153 |
| 223 | João Pessoa | R$ 34,106 |
| 224 | Teresina | R$ 33,994 |
| 225 | Formosa | R$ 33,807 |
| 226 | Governador Valadares | R$ 33,488 |
| 227 | Uruguaiana | R$ 33,406 |
| 228 | Castanhal | R$ 32,863 |
Industry share of gross value added (2021)
Formosa ranks 180 of 320, highest first.
| Rank | City | Industry share of gross value added |
|---|---|---|
| 177 | Catanduva | 19.3% |
| 178 | Lauro de Freitas | 19.3% |
| 179 | Barbacena | 19.2% |
| 180 | Formosa | 19.2% |
| 181 | Umuarama | 19.0% |
| 182 | Maceió | 19.0% |
| 183 | Cuiabá | 18.9% |
Active companies and organisations per 1,000 residents (2024)
Formosa ranks 160 of 320, highest first.
| Rank | City | Active companies and organisations per 1,000 residents |
|---|---|---|
| 157 | Itabuna | 48.5 |
| 158 | Santa Bárbara D'Oeste | 48.1 |
| 159 | Montes Claros | 48.1 |
| 160 | Formosa | 48.1 |
| 161 | São Luís | 48.0 |
| 162 | Gravataí | 47.8 |
| 163 | Linhares | 47.1 |
Average monthly salary of formal employees (2024)
Formosa ranks 202 of 320, highest first.
| Rank | City | Average monthly salary of formal employees |
|---|---|---|
| 199 | Altamira | R$ 3,034.95 |
| 200 | Camboriú | R$ 3,019.11 |
| 201 | Franca | R$ 3,017.77 |
| 202 | Formosa | R$ 3,013.16 |
| 203 | Várzea Grande | R$ 3,003.27 |
| 204 | Linhares | R$ 3,000.41 |
| 205 | São José | R$ 3,000.30 |
Average monthly salary in minimum wages (2024)
Formosa ranks 214 of 320, highest first.
| Rank | City | Average monthly salary in minimum wages |
|---|---|---|
| 211 | Colatina | 2.1 |
| 212 | Sarandi | 2.1 |
| 213 | Uruguaiana | 2.1 |
| 214 | Formosa | 2.1 |
| 215 | Luís Eduardo Magalhães | 2.1 |
| 216 | São Pedro da Aldeia | 2.1 |
| 217 | Camboriú | 2.1 |
People employed by registered firms and organisations, % of population (2024)
Formosa ranks 225 of 320, highest first.
| Rank | City | People employed by registered firms and organisations, % of population |
|---|---|---|
| 222 | Vitória de Santo Antão | 23.7% |
| 223 | Parnamirim | 23.6% |
| 224 | Barra Mansa | 23.5% |
| 225 | Formosa | 23.3% |
| 226 | Duque de Caxias | 23.2% |
| 227 | Jandira | 23.1% |
| 228 | Corumbá | 23.0% |
Median monthly household income per person (2022)
Formosa ranks 191 of 320, highest first.
| Rank | City | Median monthly household income per person |
|---|---|---|
| 188 | Ji-Paraná | R$ 1,062 |
| 189 | Coronel Fabriciano | R$ 1,059 |
| 190 | Caraguatatuba | R$ 1,050 |
| 191 | Formosa | R$ 1,042 |
| 192 | Barra Mansa | R$ 1,034 |
| 193 | Valparaíso de Goiás | R$ 1,033 |
| 194 | Luís Eduardo Magalhães | R$ 1,025 |
More on Formosa: 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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