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Economy, jobs and prices in Palmas, Brazil: official figures

Palmas' gross domestic product was R$ 14.2 billion in 2023 at current prices, 0.13% of Brazil's GDP and the 122nd largest of Brazil's 5,570 municipalities.

GDP (current prices)
R$ 14.2 billion
2023
GDP per person
R$ 46,808
2023
Average monthly formal salary
R$ 4,261.07
2024
People employed by registered firms and organisations
211,191
2024
Median monthly household income per person
R$ 1,267
2022

What is the GDP per capita of Palmas?

GDP per person in Palmas was R$ 46,808 in 2023, the 1549th highest of Brazil's 5,570 municipalities and the 160th 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 copy

How much of Tocantins state's economy is in Palmas?

Palmas produced 22.0% of the GDP of Tocantins state in 2023, while holding 20.9% of its 2026 population.

Source: Instituto Brasileiro de Geografia e Estatística (IBGE) · saved copy

What are the main industries in Palmas?

In 2021, the latest year with a breakdown by sector, private services made up 56.8% of Palmas' gross value added, industry 12.3%, public administration, education and health 28.0% and agriculture 2.9% (Brazil: 50.7%, 25.8%, 15.8% and 7.7%).

Source: Instituto Brasileiro de Geografia e Estatística (IBGE) · saved copy

What does the economy of Palmas depend on?

The three activities adding the most value to Palmas' 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 59th lowest of 320 major Brazilian cities.

Source: Instituto Brasileiro de Geografia e Estatística (IBGE) · saved copy

What is the average salary in Palmas?

Salaried employees of companies and organisations in Palmas earned an average of R$ 4,261.07 a month in 2024 (3.0 minimum wages), the 141st highest of Brazil's 5,570 municipalities and the 40th highest of 320 major Brazilian cities (Brazil: R$ 3,932.44).

Source: Instituto Brasileiro de Geografia e Estatística (IBGE) · saved copy

Are wages rising in Palmas?

The average monthly salary in Palmas fell from R$ 4,317.05 in 2022 to R$ 4,261.07 in 2024 in current reais (-1.3%; Brazil: +11.0%). In minimum wages it went from 3.6 to 3.0.

Source: Instituto Brasileiro de Geografia e Estatística (IBGE) · saved copy

How many people have formal jobs in Palmas?

Registered companies and organisations in Palmas employed 211,191 people at the end of 2024, 181,604 of them salaried, equal to 65.3% of the estimated population; the 8th 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 copy

Is employment growing in Palmas?

Employment in registered firms and organisations in Palmas grew from 168,195 in 2022 to 211,191 in 2024 (+25.6%; Brazil: +8.4%).

Source: Instituto Brasileiro de Geografia e Estatística (IBGE) · saved copy

How many companies are there in Palmas?

23,664 companies and other organisations were active in Palmas in 2024, about 73 per 1,000 residents (the 56th highest of 320 major Brazilian cities), and they paid R$ 9.8 billion in wages and other pay over the year.

Source: Instituto Brasileiro de Geografia e Estatística (IBGE) · saved copy

What is the average income in Palmas?

The median monthly household income per person in Palmas was R$ 1,267 at the 2022 census, the 97th highest of 320 major Brazilian cities and the 656th highest of Brazil's 5,570 municipalities (Brazil: R$ 1,000).

Source: Instituto Brasileiro de Geografia e Estatística (IBGE) · saved copy

More figures

How Palmas compares with other cities in Brazil

GDP at current prices (2023)

Palmas ranks 111 of 320, highest first.

RankCityGDP at current prices
108FrancaR$ 14.4 billion
109Santana de ParnaíbaR$ 14.3 billion
110Pouso AlegreR$ 14.2 billion
111PalmasR$ 14.2 billion
112Rio GrandeR$ 14.1 billion
113Passo FundoR$ 14.1 billion
114ItuR$ 14.0 billion
Source: Instituto Brasileiro de Geografia e Estatística (IBGE) · saved copy

GDP per person at current prices (2023)

Palmas ranks 161 of 320, highest first.

RankCityGDP per person at current prices
158Campo GrandeR$ 47,066
159JandiraR$ 46,991
160Ji-ParanáR$ 46,846
161PalmasR$ 46,808
162Várzea GrandeR$ 46,602
163PalhoçaR$ 46,247
164AssisR$ 46,175
Source: Instituto Brasileiro de Geografia e Estatística (IBGE) · saved copy

Industry share of gross value added (2021)

Palmas ranks 262 of 320, highest first.

RankCityIndustry share of gross value added
259Olinda12.4%
260Natal12.3%
261Balneário Camboriú12.3%
262Palmas12.3%
263Piraquara12.2%
264Paço do Lumiar12.2%
265Magé12.1%
Source: Instituto Brasileiro de Geografia e Estatística (IBGE) · saved copy

Active companies and organisations per 1,000 residents (2024)

Palmas ranks 56 of 320, highest first.

RankCityActive companies and organisations per 1,000 residents
53Catanduva74.0
54Arapongas74.0
55São José73.8
56Palmas73.1
57Umuarama73.0
58Uberlândia72.4
59Franca72.4
Source: Instituto Brasileiro de Geografia e Estatística (IBGE) · saved copy

Average monthly salary of formal employees (2024)

Palmas ranks 40 of 320, highest first.

RankCityAverage monthly salary of formal employees
37ItapeviR$ 4,299.17
38AraucáriaR$ 4,286.46
39Bento GonçalvesR$ 4,283.15
40PalmasR$ 4,261.07
41BetimR$ 4,251.65
42PindamonhangabaR$ 4,201.11
43Santana de ParnaíbaR$ 4,200.10
Source: Instituto Brasileiro de Geografia e Estatística (IBGE) · saved copy

Average monthly salary in minimum wages (2024)

Palmas ranks 41 of 320, highest first.

RankCityAverage monthly salary in minimum wages
38Recife3.0
39Sorocaba3.0
40Betim3.0
41Palmas3.0
42Parauapebas3.0
43Itapevi3.0
44Pindamonhangaba3.0
Source: Instituto Brasileiro de Geografia e Estatística (IBGE) · saved copy

People employed by registered firms and organisations, % of population (2024)

Palmas ranks 8 of 320, highest first.

RankCityPeople employed by registered firms and organisations, % of population
5Florianópolis71.3%
6Curitiba69.0%
7Nova Lima67.2%
8Palmas65.3%
9Porto Alegre64.3%
10Lauro de Freitas64.2%
11Brasília61.5%
Source: Instituto Brasileiro de Geografia e Estatística (IBGE) · saved copy

Median monthly household income per person (2022)

Palmas ranks 97 of 320, highest first.

RankCityMedian monthly household income per person
94VotorantimR$ 1,285
95CambéR$ 1,280
96TaubatéR$ 1,275
97PalmasR$ 1,267
98DouradosR$ 1,267
99BiriguiR$ 1,256
100OsascoR$ 1,250
Source: Instituto Brasileiro de Geografia e Estatística (IBGE) · saved copy

More on Palmas: overview · health · education and schools · poverty and living standards · government budget · all cities in Brazil

Sources

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