Economy, jobs and prices in Governador Valadares, Brazil: official figures
Governador Valadares' gross domestic product was R$ 8.6 billion in 2023 at current prices, 0.08% of Brazil's GDP and the 198th largest of Brazil's 5,570 municipalities.
What is the GDP per capita of Governador Valadares?
GDP per person in Governador Valadares was R$ 33,488 in 2023, the 2499th highest of Brazil's 5,570 municipalities and the 95th 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 Minas Gerais state's economy is in Governador Valadares?
Governador Valadares produced 0.9% of the GDP of Minas Gerais state in 2023, while holding 1.2% of its 2026 population.
Source: Instituto Brasileiro de Geografia e Estatística (IBGE) · saved copyWhat are the main industries in Governador Valadares?
In 2021, the latest year with a breakdown by sector, private services made up 63.3% of Governador Valadares' gross value added, industry 13.0%, public administration, education and health 22.7% and agriculture 1.0% (Brazil: 50.7%, 25.8%, 15.8% and 7.7%).
Source: Instituto Brasileiro de Geografia e Estatística (IBGE) · saved copyWhat does the economy of Governador Valadares depend on?
The three activities adding the most value to Governador Valadares' 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 70th lowest of 320 major Brazilian cities.
Source: Instituto Brasileiro de Geografia e Estatística (IBGE) · saved copyWhat is the average salary in Governador Valadares?
Salaried employees of companies and organisations in Governador Valadares earned an average of R$ 2,833.70 a month in 2024 (2.0 minimum wages), the 2411th highest of Brazil's 5,570 municipalities and the 87th lowest of 320 major Brazilian cities (Brazil: R$ 3,932.44).
Source: Instituto Brasileiro de Geografia e Estatística (IBGE) · saved copyAre wages rising in Governador Valadares?
The average monthly salary in Governador Valadares rose from R$ 2,348.53 in 2022 to R$ 2,833.70 in 2024 in current reais (+20.7%; Brazil: +11.0%). In minimum wages it went from 1.9 to 2.0.
Source: Instituto Brasileiro de Geografia e Estatística (IBGE) · saved copyHow many people have formal jobs in Governador Valadares?
Registered companies and organisations in Governador Valadares employed 75,982 people at the end of 2024, 58,222 of them salaried, equal to 28.5% of the estimated population; the 136th 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 Governador Valadares?
Employment in registered firms and organisations in Governador Valadares grew from 73,667 in 2022 to 75,982 in 2024 (+3.1%; Brazil: +8.4%).
Source: Instituto Brasileiro de Geografia e Estatística (IBGE) · saved copyHow many companies are there in Governador Valadares?
14,064 companies and other organisations were active in Governador Valadares in 2024, about 53 per 1,000 residents (the 137th highest of 320 major Brazilian cities), and they paid R$ 2.3 billion in wages and other pay over the year.
Source: Instituto Brasileiro de Geografia e Estatística (IBGE) · saved copyWhat is the average income in Governador Valadares?
The median monthly household income per person in Governador Valadares was R$ 1,133 at the 2022 census, the 155th lowest of 320 major Brazilian cities and the 1718th 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 Governador Valadares went from R$ 13,104 in 2010 to R$ 33,488 in 2023, a rise of 156%. Source: Instituto Brasileiro de Geografia e Estatística (IBGE) · saved copy
How Governador Valadares compares with other cities in Brazil
GDP at current prices (2023)
Governador Valadares ranks 180 of 320, highest first.
| Rank | City | GDP at current prices |
|---|---|---|
| 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 |
| 182 | Erechim | R$ 8.5 billion |
| 183 | Carapicuíba | R$ 8.4 billion |
GDP per person at current prices (2023)
Governador Valadares ranks 226 of 320, highest first.
| Rank | City | GDP per person at current prices |
|---|---|---|
| 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 |
| 229 | Colombo | R$ 32,853 |
Industry share of gross value added (2021)
Governador Valadares ranks 251 of 320, highest first.
| Rank | City | Industry share of gross value added |
|---|---|---|
| 248 | Salvador | 13.2% |
| 249 | Petrolina | 13.1% |
| 250 | Belém | 13.0% |
| 251 | Governador Valadares | 13.0% |
| 252 | Barueri | 13.0% |
| 253 | Santa Maria | 13.0% |
| 254 | Guarujá | 12.9% |
Active companies and organisations per 1,000 residents (2024)
Governador Valadares ranks 137 of 320, highest first.
| Rank | City | Active companies and organisations per 1,000 residents |
|---|---|---|
| 134 | Pelotas | 53.2 |
| 135 | Imperatriz | 52.9 |
| 136 | Ubá | 52.8 |
| 137 | Governador Valadares | 52.7 |
| 138 | Araguaína | 52.7 |
| 139 | Balsas | 52.5 |
| 140 | Caraguatatuba | 52.4 |
Average monthly salary of formal employees (2024)
Governador Valadares ranks 234 of 320, highest first.
| Rank | City | Average monthly salary of formal employees |
|---|---|---|
| 231 | Balsas | R$ 2,838.47 |
| 232 | Águas Lindas de Goiás | R$ 2,834.85 |
| 233 | Simões Filho | R$ 2,834.01 |
| 234 | Governador Valadares | R$ 2,833.70 |
| 235 | Mossoró | R$ 2,831.70 |
| 236 | Apucarana | R$ 2,823.50 |
| 237 | Teresópolis | R$ 2,804.01 |
Average monthly salary in minimum wages (2024)
Governador Valadares ranks 226 of 320, highest first.
| Rank | City | Average monthly salary in minimum wages |
|---|---|---|
| 223 | Santarém | 2.0 |
| 224 | Imperatriz | 2.0 |
| 225 | Mossoró | 2.0 |
| 226 | Governador Valadares | 2.0 |
| 227 | Maracanaú | 2.0 |
| 228 | Águas Lindas de Goiás | 2.0 |
| 229 | Valparaíso de Goiás | 2.0 |
People employed by registered firms and organisations, % of population (2024)
Governador Valadares ranks 185 of 320, highest first.
| Rank | City | People employed by registered firms and organisations, % of population |
|---|---|---|
| 182 | Aparecida de Goiânia | 29.0% |
| 183 | Ji-Paraná | 28.9% |
| 184 | Angra dos Reis | 28.7% |
| 185 | Governador Valadares | 28.5% |
| 186 | Pelotas | 28.4% |
| 187 | Hortolândia | 28.2% |
| 188 | Teresópolis | 28.2% |
Median monthly household income per person (2022)
Governador Valadares ranks 166 of 320, highest first.
| Rank | City | Median monthly household income per person |
|---|---|---|
| 163 | Poá | R$ 1,150 |
| 164 | Ubá | R$ 1,150 |
| 165 | Guarulhos | R$ 1,133 |
| 166 | Governador Valadares | R$ 1,133 |
| 167 | Itaperuna | R$ 1,128 |
| 168 | Pindamonhangaba | R$ 1,125 |
| 169 | Paranaguá | R$ 1,125 |
More on Governador Valadares: 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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