Economy, jobs and prices in Montes Claros, Brazil: official figures
Montes Claros' gross domestic product was R$ 13.3 billion in 2023 at current prices, 0.12% of Brazil's GDP and the 133rd largest of Brazil's 5,570 municipalities.
What is the GDP per capita of Montes Claros?
GDP per person in Montes Claros was R$ 32,170 in 2023, the 2614th highest of Brazil's 5,570 municipalities and the 85th 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 Montes Claros?
Montes Claros produced 1.4% of the GDP of Minas Gerais state in 2023, while holding 2.1% of its 2026 population.
Source: Instituto Brasileiro de Geografia e Estatística (IBGE) · saved copyWhat are the main industries in Montes Claros?
In 2021, the latest year with a breakdown by sector, private services made up 57.8% of Montes Claros' gross value added, industry 20.7%, public administration, education and health 19.9% and agriculture 1.6% (Brazil: 50.7%, 25.8%, 15.8% and 7.7%).
Source: Instituto Brasileiro de Geografia e Estatística (IBGE) · saved copyWhat does the economy of Montes Claros depend on?
The three activities adding the most value to Montes Claros' 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 151st lowest of 320 major Brazilian cities.
Source: Instituto Brasileiro de Geografia e Estatística (IBGE) · saved copyWhat is the average salary in Montes Claros?
Salaried employees of companies and organisations in Montes Claros earned an average of R$ 2,872.05 a month in 2024 (2.0 minimum wages), the 2268th highest of Brazil's 5,570 municipalities and the 94th lowest of 320 major Brazilian cities (Brazil: R$ 3,932.44).
Source: Instituto Brasileiro de Geografia e Estatística (IBGE) · saved copyAre wages rising in Montes Claros?
The average monthly salary in Montes Claros rose from R$ 2,448.18 in 2022 to R$ 2,872.05 in 2024 in current reais (+17.3%; Brazil: +11.0%). In minimum wages it went from 2.0 to 2.0.
Source: Instituto Brasileiro de Geografia e Estatística (IBGE) · saved copyHow many people have formal jobs in Montes Claros?
Registered companies and organisations in Montes Claros employed 131,201 people at the end of 2024, 103,410 of them salaried, equal to 30.2% of the estimated population; the 152nd 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 Montes Claros?
Employment in registered firms and organisations in Montes Claros grew from 124,162 in 2022 to 131,201 in 2024 (+5.7%; Brazil: +8.4%).
Source: Instituto Brasileiro de Geografia e Estatística (IBGE) · saved copyHow many companies are there in Montes Claros?
20,903 companies and other organisations were active in Montes Claros in 2024, about 48 per 1,000 residents (the 159th highest of 320 major Brazilian cities), and they paid R$ 3.9 billion in wages and other pay over the year.
Source: Instituto Brasileiro de Geografia e Estatística (IBGE) · saved copyWhat is the average income in Montes Claros?
The median monthly household income per person in Montes Claros was R$ 1,000 at the 2022 census, the 123rd lowest of 320 major Brazilian cities and the 2326th 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 Montes Claros went from R$ 13,381 in 2010 to R$ 32,170 in 2023, a rise of 140%. Source: Instituto Brasileiro de Geografia e Estatística (IBGE) · saved copy
How Montes Claros compares with other cities in Brazil
GDP at current prices (2023)
Montes Claros ranks 120 of 320, highest first.
| Rank | City | GDP at current prices |
|---|---|---|
| 117 | Pindamonhangaba | R$ 13.7 billion |
| 118 | Maracanaú | R$ 13.5 billion |
| 119 | Santa Cruz do Sul | R$ 13.4 billion |
| 120 | Montes Claros | R$ 13.3 billion |
| 121 | Araruama | R$ 13.2 billion |
| 122 | Rio Branco | R$ 13.0 billion |
| 123 | Campina Grande | R$ 12.9 billion |
GDP per person at current prices (2023)
Montes Claros ranks 236 of 320, highest first.
| Rank | City | GDP per person at current prices |
|---|---|---|
| 233 | Sobral | R$ 32,454 |
| 234 | Itaquaquecetuba | R$ 32,440 |
| 235 | São Pedro da Aldeia | R$ 32,289 |
| 236 | Montes Claros | R$ 32,170 |
| 237 | Itacoatiara | R$ 32,066 |
| 238 | Salvador | R$ 31,724 |
| 239 | Jaboatão dos Guararapes | R$ 31,491 |
Industry share of gross value added (2021)
Montes Claros ranks 170 of 320, highest first.
| Rank | City | Industry share of gross value added |
|---|---|---|
| 167 | Luís Eduardo Magalhães | 20.9% |
| 168 | Maranguape | 20.9% |
| 169 | Araraquara | 20.9% |
| 170 | Montes Claros | 20.7% |
| 171 | Birigui | 20.4% |
| 172 | Sinop | 20.4% |
| 173 | Maringá | 20.0% |
Active companies and organisations per 1,000 residents (2024)
Montes Claros ranks 159 of 320, highest first.
| Rank | City | Active companies and organisations per 1,000 residents |
|---|---|---|
| 156 | Araucária | 48.8 |
| 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 |
Average monthly salary of formal employees (2024)
Montes Claros ranks 227 of 320, highest first.
| Rank | City | Average monthly salary of formal employees |
|---|---|---|
| 224 | Poá | R$ 2,879.21 |
| 225 | Imperatriz | R$ 2,874.79 |
| 226 | Alagoinhas | R$ 2,874.50 |
| 227 | Montes Claros | R$ 2,872.05 |
| 228 | Maracanaú | R$ 2,869.49 |
| 229 | Vila Velha | R$ 2,856.81 |
| 230 | Valparaíso de Goiás | R$ 2,848.90 |
Average monthly salary in minimum wages (2024)
Montes Claros ranks 220 of 320, highest first.
| Rank | City | Average monthly salary in minimum wages |
|---|---|---|
| 217 | Camboriú | 2.1 |
| 218 | Vila Velha | 2.0 |
| 219 | Campina Grande | 2.0 |
| 220 | Montes Claros | 2.0 |
| 221 | Petrolina | 2.0 |
| 222 | Cariacica | 2.0 |
| 223 | Santarém | 2.0 |
People employed by registered firms and organisations, % of population (2024)
Montes Claros ranks 169 of 320, highest first.
| Rank | City | People employed by registered firms and organisations, % of population |
|---|---|---|
| 166 | Taboão da Serra | 30.6% |
| 167 | Nova Serrana | 30.5% |
| 168 | Manaus | 30.4% |
| 169 | Montes Claros | 30.2% |
| 170 | Itaguaí | 30.2% |
| 171 | Santo Antônio de Jesus | 30.1% |
| 172 | Imperatriz | 30.0% |
Median monthly household income per person (2022)
Montes Claros ranks 198 of 320, highest first.
| Rank | City | Median monthly household income per person |
|---|---|---|
| 195 | Lauro de Freitas | R$ 1,000 |
| 196 | Guarujá | R$ 1,000 |
| 197 | João Pessoa | R$ 1,000 |
| 198 | Montes Claros | R$ 1,000 |
| 199 | Suzano | R$ 1,000 |
| 200 | Cabo Frio | R$ 1,000 |
| 201 | Angra dos Reis | R$ 1,000 |
More on Montes Claros: 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…)
Each saved copy is the file exactly as downloaded, kept so the figures can be checked even if the source changes. Report an error.