Economy, jobs and prices in Nova Lima, Brazil: official figures
Nova Lima's gross domestic product was R$ 12.4 billion in 2023 at current prices, 0.11% of Brazil's GDP and the 140th largest of Brazil's 5,570 municipalities.
What is the GDP per capita of Nova Lima?
GDP per person in Nova Lima was R$ 111,440 in 2023, the 204th highest of Brazil's 5,570 municipalities and the 15th 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 Nova Lima?
Nova Lima produced 1.3% 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 Nova Lima?
In 2021, the latest year with a breakdown by sector, private services made up 26.2% of Nova Lima's gross value added, industry 70.0%, public administration, education and health 3.7% 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 Nova Lima depend on?
The three activities adding the most value to Nova Lima's economy in 2021 were mining and oil and gas extraction, other private services (such as finance, property, transport, information and private education and health), and public administration, defence, public education and health and social security. Industry's share of value added was the 4th highest of 320 major Brazilian cities.
Source: Instituto Brasileiro de Geografia e Estatística (IBGE) · saved copyWhat is the average salary in Nova Lima?
Salaried employees of companies and organisations in Nova Lima earned an average of R$ 5,081.17 a month in 2024 (3.6 minimum wages), the 40th highest of Brazil's 5,570 municipalities and the 15th highest of 320 major Brazilian cities (Brazil: R$ 3,932.44).
Source: Instituto Brasileiro de Geografia e Estatística (IBGE) · saved copyAre wages rising in Nova Lima?
The average monthly salary in Nova Lima rose from R$ 4,548.63 in 2022 to R$ 5,081.17 in 2024 in current reais (+11.7%; Brazil: +11.0%). In minimum wages it went from 3.8 to 3.6.
Source: Instituto Brasileiro de Geografia e Estatística (IBGE) · saved copyHow many people have formal jobs in Nova Lima?
Registered companies and organisations in Nova Lima employed 80,055 people at the end of 2024, 63,510 of them salaried, equal to 67.2% of the estimated population; the 7th 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 Nova Lima?
Employment in registered firms and organisations in Nova Lima grew from 74,582 in 2022 to 80,055 in 2024 (+7.3%; Brazil: +8.4%).
Source: Instituto Brasileiro de Geografia e Estatística (IBGE) · saved copyHow many companies are there in Nova Lima?
11,038 companies and other organisations were active in Nova Lima in 2024, about 93 per 1,000 residents (the 18th highest of 320 major Brazilian cities), and they paid R$ 4.2 billion in wages and other pay over the year.
Source: Instituto Brasileiro de Geografia e Estatística (IBGE) · saved copyWhat is the average income in Nova Lima?
The median monthly household income per person in Nova Lima was R$ 1,650 at the 2022 census, the 23rd highest of 320 major Brazilian cities and the 128th 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 Nova Lima went from R$ 66,319 in 2010 to R$ 111,440 in 2023, a rise of 68%. Source: Instituto Brasileiro de Geografia e Estatística (IBGE) · saved copy
How Nova Lima compares with other cities in Brazil
GDP at current prices (2023)
Nova Lima ranks 127 of 320, highest first.
| Rank | City | GDP at current prices |
|---|---|---|
| 124 | Vitória da Conquista | R$ 12.7 billion |
| 125 | Marília | R$ 12.5 billion |
| 126 | Pelotas | R$ 12.5 billion |
| 127 | Nova Lima | R$ 12.4 billion |
| 128 | Criciúma | R$ 12.3 billion |
| 129 | Resende | R$ 12.3 billion |
| 130 | Taboão da Serra | R$ 12.1 billion |
GDP per person at current prices (2023)
Nova Lima ranks 15 of 320, highest first.
| Rank | City | GDP per person at current prices |
|---|---|---|
| 12 | Betim | R$ 127,752 |
| 13 | Sorriso | R$ 124,271 |
| 14 | Três Lagoas | R$ 111,703 |
| 15 | Nova Lima | R$ 111,440 |
| 16 | Indaiatuba | R$ 110,518 |
| 17 | Luís Eduardo Magalhães | R$ 107,118 |
| 18 | Paranaguá | R$ 104,861 |
Industry share of gross value added (2021)
Nova Lima ranks 4 of 320, highest first.
| Rank | City | Industry share of gross value added |
|---|---|---|
| 1 | Parauapebas | 84.1% |
| 2 | Maricá | 77.1% |
| 3 | Itabira | 71.7% |
| 4 | Nova Lima | 70.0% |
| 5 | Barcarena | 67.4% |
| 6 | Cubatão | 65.3% |
| 7 | Araucária | 65.1% |
Active companies and organisations per 1,000 residents (2024)
Nova Lima ranks 18 of 320, highest first.
| Rank | City | Active companies and organisations per 1,000 residents |
|---|---|---|
| 15 | Ribeirão Preto | 93.9 |
| 16 | Santos | 93.7 |
| 17 | Bento Gonçalves | 92.9 |
| 18 | Nova Lima | 92.6 |
| 19 | Goiânia | 91.7 |
| 20 | Novo Hamburgo | 91.6 |
| 21 | Londrina | 90.8 |
Average monthly salary of formal employees (2024)
Nova Lima ranks 15 of 320, highest first.
| Rank | City | Average monthly salary of formal employees |
|---|---|---|
| 12 | Rio de Janeiro | R$ 5,310.53 |
| 13 | Porto Alegre | R$ 5,306.67 |
| 14 | Campinas | R$ 5,279.66 |
| 15 | Nova Lima | R$ 5,081.17 |
| 16 | Curitiba | R$ 5,070.73 |
| 17 | Rio das Ostras | R$ 5,010.98 |
| 18 | Porto Velho | R$ 4,700.32 |
Average monthly salary in minimum wages (2024)
Nova Lima ranks 16 of 320, highest first.
| Rank | City | Average monthly salary in minimum wages |
|---|---|---|
| 13 | Vitória | 3.8 |
| 14 | Campinas | 3.7 |
| 15 | Curitiba | 3.6 |
| 16 | Nova Lima | 3.6 |
| 17 | Rio das Ostras | 3.5 |
| 18 | São Bernardo do Campo | 3.3 |
| 19 | Porto Velho | 3.3 |
People employed by registered firms and organisations, % of population (2024)
Nova Lima ranks 7 of 320, highest first.
| Rank | City | People employed by registered firms and organisations, % of population |
|---|---|---|
| 4 | Belo Horizonte | 71.6% |
| 5 | Florianópolis | 71.3% |
| 6 | Curitiba | 69.0% |
| 7 | Nova Lima | 67.2% |
| 8 | Palmas | 65.3% |
| 9 | Porto Alegre | 64.3% |
| 10 | Lauro de Freitas | 64.2% |
Median monthly household income per person (2022)
Nova Lima ranks 23 of 320, highest first.
| Rank | City | Median monthly household income per person |
|---|---|---|
| 20 | Chapecó | R$ 1,667 |
| 21 | Americana | R$ 1,667 |
| 22 | Brusque | R$ 1,667 |
| 23 | Nova Lima | R$ 1,650 |
| 24 | Criciúma | R$ 1,633 |
| 25 | Santo André | R$ 1,625 |
| 26 | Joinville | R$ 1,600 |
More on Nova Lima: 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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