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Economy, jobs and prices in Passo Fundo, Brazil: official figures

Passo Fundo's gross domestic product was R$ 14.1 billion in 2023 at current prices, 0.13% of Brazil's GDP and the 124th largest of Brazil's 5,570 municipalities.

GDP (current prices)
R$ 14.1 billion
2023
GDP per person
R$ 68,228
2023
Average monthly formal salary
R$ 3,731.68
2024
People employed by registered firms and organisations
96,797
2024
Median monthly household income per person
R$ 1,500
2022

What is the GDP per capita of Passo Fundo?

GDP per person in Passo Fundo was R$ 68,228 in 2023, the 707th highest of Brazil's 5,570 municipalities and the 89th 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 copy

How much of Rio Grande do Sul state's economy is in Passo Fundo?

Passo Fundo produced 2.2% of the GDP of Rio Grande do Sul state in 2023, while holding 1.9% of its 2026 population.

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

What are the main industries in Passo Fundo?

In 2021, the latest year with a breakdown by sector, private services made up 72.5% of Passo Fundo's gross value added, industry 13.6%, public administration, education and health 10.8% and agriculture 3.1% (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 Passo Fundo depend on?

The three activities adding the most value to Passo Fundo's economy in 2021 were other private services (such as finance, property, transport, information and private education and health), trade and vehicle repair, and public administration, defence, public education and health and social security. Industry's share of value added was the 75th lowest of 320 major Brazilian cities.

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

What is the average salary in Passo Fundo?

Salaried employees of companies and organisations in Passo Fundo earned an average of R$ 3,731.68 a month in 2024 (2.6 minimum wages), the 407th highest of Brazil's 5,570 municipalities and the 97th 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 Passo Fundo?

The average monthly salary in Passo Fundo rose from R$ 3,331.35 in 2022 to R$ 3,731.68 in 2024 in current reais (+12.0%; Brazil: +11.0%). In minimum wages it went from 2.7 to 2.6.

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

How many people have formal jobs in Passo Fundo?

Registered companies and organisations in Passo Fundo employed 96,797 people at the end of 2024, 72,503 of them salaried, equal to 45.1% of the estimated population; the 50th 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 Passo Fundo?

Employment in registered firms and organisations in Passo Fundo grew from 88,740 in 2022 to 96,797 in 2024 (+9.1%; Brazil: +8.4%).

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

How many companies are there in Passo Fundo?

18,664 companies and other organisations were active in Passo Fundo in 2024, about 87 per 1,000 residents (the 28th highest of 320 major Brazilian cities), and they paid R$ 3.5 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 Passo Fundo?

The median monthly household income per person in Passo Fundo was R$ 1,500 at the 2022 census, the 38th highest of 320 major Brazilian cities and the 271st highest of Brazil's 5,570 municipalities (Brazil: R$ 1,000).

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

More figures

How Passo Fundo compares with other cities in Brazil

GDP at current prices (2023)

Passo Fundo ranks 113 of 320, highest first.

RankCityGDP at current prices
110Pouso AlegreR$ 14.2 billion
111PalmasR$ 14.2 billion
112Rio GrandeR$ 14.1 billion
113Passo FundoR$ 14.1 billion
114ItuR$ 14.0 billion
115Várzea GrandeR$ 14.0 billion
116SorrisoR$ 13.7 billion
Source: Instituto Brasileiro de Geografia e Estatística (IBGE) · saved copy

GDP per person at current prices (2023)

Passo Fundo ranks 89 of 320, highest first.

RankCityGDP per person at current prices
86ChapecóR$ 69,154
87Embu das ArtesR$ 68,972
88BlumenauR$ 68,848
89Passo FundoR$ 68,228
90SumaréR$ 68,061
91MaringáR$ 67,904
92Rio das OstrasR$ 67,735
Source: Instituto Brasileiro de Geografia e Estatística (IBGE) · saved copy

Industry share of gross value added (2021)

Passo Fundo ranks 246 of 320, highest first.

RankCityIndustry share of gross value added
243Parnaíba13.7%
244Ananindeua13.7%
245Nova Friburgo13.6%
246Passo Fundo13.6%
247Belford Roxo13.4%
248Salvador13.2%
249Petrolina13.1%
Source: Instituto Brasileiro de Geografia e Estatística (IBGE) · saved copy

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

Passo Fundo ranks 28 of 320, highest first.

RankCityActive companies and organisations per 1,000 residents
25Erechim89.1
26Cascavel88.2
27Valinhos88.2
28Passo Fundo87.0
29Assis85.1
30Caxias do Sul84.1
31Cuiabá84.0
Source: Instituto Brasileiro de Geografia e Estatística (IBGE) · saved copy

Average monthly salary of formal employees (2024)

Passo Fundo ranks 97 of 320, highest first.

RankCityAverage monthly salary of formal employees
94AmericanaR$ 3,740.10
95AraraquaraR$ 3,739.44
96PelotasR$ 3,734.08
97Passo FundoR$ 3,731.68
98Ribeirão PretoR$ 3,727.31
99AracajuR$ 3,726.72
100MaringáR$ 3,724.22
Source: Instituto Brasileiro de Geografia e Estatística (IBGE) · saved copy

Average monthly salary in minimum wages (2024)

Passo Fundo ranks 105 of 320, highest first.

RankCityAverage monthly salary in minimum wages
102Araraquara2.6
103Marília2.6
104Americana2.6
105Passo Fundo2.6
106Guarapuava2.6
107Bragança Paulista2.6
108Atibaia2.6
Source: Instituto Brasileiro de Geografia e Estatística (IBGE) · saved copy

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

Passo Fundo ranks 50 of 320, highest first.

RankCityPeople employed by registered firms and organisations, % of population
47Americana45.4%
48Itu45.3%
49Simões Filho45.2%
50Passo Fundo45.1%
51Indaiatuba45.1%
52Criciúma45.1%
53São José do Rio Preto45.0%
Source: Instituto Brasileiro de Geografia e Estatística (IBGE) · saved copy

Median monthly household income per person (2022)

Passo Fundo ranks 38 of 320, highest first.

RankCityMedian monthly household income per person
35São José do Rio PretoR$ 1,500
36CascavelR$ 1,500
37PalhoçaR$ 1,500
38Passo FundoR$ 1,500
39SinopR$ 1,500
40Santa Bárbara D'OesteR$ 1,500
41Santana de ParnaíbaR$ 1,500
Source: Instituto Brasileiro de Geografia e Estatística (IBGE) · saved copy

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

Sources

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