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Economy, jobs and prices in Patos de Minas, Brazil: official figures

Patos de Minas' gross domestic product was R$ 8.2 billion in 2023 at current prices, 0.07% of Brazil's GDP and the 208th largest of Brazil's 5,570 municipalities.

GDP (current prices)
R$ 8.2 billion
2023
GDP per person
R$ 51,191
2023
Average monthly formal salary
R$ 3,192.41
2024
People employed by registered firms and organisations
63,151
2024
Median monthly household income per person
R$ 1,356
2022

What is the GDP per capita of Patos de Minas?

GDP per person in Patos de Minas was R$ 51,191 in 2023, the 1317th highest of Brazil's 5,570 municipalities and the 148th 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 Minas Gerais state's economy is in Patos de Minas?

Patos de Minas produced 0.8% of the GDP of Minas Gerais state in 2023, while holding 0.8% of its 2026 population.

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

What are the main industries in Patos de Minas?

In 2021, the latest year with a breakdown by sector, private services made up 54.9% of Patos de Minas' gross value added, industry 18.5%, public administration, education and health 14.2% and agriculture 12.3% (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 Patos de Minas depend on?

The three activities adding the most value to Patos de Minas' 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 133rd lowest of 320 major Brazilian cities.

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

What is the average salary in Patos de Minas?

Salaried employees of companies and organisations in Patos de Minas earned an average of R$ 3,192.41 a month in 2024 (2.3 minimum wages), the 1273rd highest of Brazil's 5,570 municipalities and the 142nd lowest of 320 major Brazilian cities (Brazil: R$ 3,932.44).

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

Are wages rising in Patos de Minas?

The average monthly salary in Patos de Minas rose from R$ 2,712.15 in 2022 to R$ 3,192.41 in 2024 in current reais (+17.7%; Brazil: +11.0%). In minimum wages it went from 2.2 to 2.3.

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

How many people have formal jobs in Patos de Minas?

Registered companies and organisations in Patos de Minas employed 63,151 people at the end of 2024, 47,374 of them salaried, equal to 37.6% of the estimated population; the 96th 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 Patos de Minas?

Employment in registered firms and organisations in Patos de Minas grew from 58,101 in 2022 to 63,151 in 2024 (+8.7%; Brazil: +8.4%).

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

How many companies are there in Patos de Minas?

11,974 companies and other organisations were active in Patos de Minas in 2024, about 71 per 1,000 residents (the 60th highest of 320 major Brazilian cities), and they paid R$ 2.0 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 Patos de Minas?

The median monthly household income per person in Patos de Minas was R$ 1,356 at the 2022 census, the 64th highest of 320 major Brazilian cities and the 450th highest of Brazil's 5,570 municipalities (Brazil: R$ 1,000).

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

More figures

How Patos de Minas compares with other cities in Brazil

GDP at current prices (2023)

Patos de Minas ranks 186 of 320, highest first.

RankCityGDP at current prices
183CarapicuíbaR$ 8.4 billion
184GuaratinguetáR$ 8.4 billion
185LagesR$ 8.3 billion
186Patos de MinasR$ 8.2 billion
187BotucatuR$ 8.0 billion
188ItapetiningaR$ 8.0 billion
189CachoeirinhaR$ 7.8 billion
Source: Instituto Brasileiro de Geografia e Estatística (IBGE) · saved copy

GDP per person at current prices (2023)

Patos de Minas ranks 148 of 320, highest first.

RankCityGDP per person at current prices
145Campo LargoR$ 51,863
146Presidente PrudenteR$ 51,481
147AnápolisR$ 51,225
148Patos de MinasR$ 51,191
149LagesR$ 50,561
150ItapetiningaR$ 50,465
151LondrinaR$ 50,362
Source: Instituto Brasileiro de Geografia e Estatística (IBGE) · saved copy

Industry share of gross value added (2021)

Patos de Minas ranks 188 of 320, highest first.

RankCityIndustry share of gross value added
185Itapevi18.8%
186Assis18.7%
187Mossoró18.6%
188Patos de Minas18.5%
189Imperatriz18.4%
190Cariacica18.3%
191Itapecerica da Serra18.1%
Source: Instituto Brasileiro de Geografia e Estatística (IBGE) · saved copy

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

Patos de Minas ranks 60 of 320, highest first.

RankCityActive companies and organisations per 1,000 residents
57Umuarama73.0
58Uberlândia72.4
59Franca72.4
60Patos de Minas71.3
61Marília70.4
62Apucarana69.8
63Sertãozinho69.7
Source: Instituto Brasileiro de Geografia e Estatística (IBGE) · saved copy

Average monthly salary of formal employees (2024)

Patos de Minas ranks 179 of 320, highest first.

RankCityAverage monthly salary of formal employees
176ViamãoR$ 3,231.52
177ItanhaémR$ 3,212.57
178LavrasR$ 3,194.86
179Patos de MinasR$ 3,192.41
180IpatingaR$ 3,191.98
181Duque de CaxiasR$ 3,183.00
182Sete LagoasR$ 3,182.45
Source: Instituto Brasileiro de Geografia e Estatística (IBGE) · saved copy

Average monthly salary in minimum wages (2024)

Patos de Minas ranks 176 of 320, highest first.

RankCityAverage monthly salary in minimum wages
173Viamão2.3
174Palhoça2.3
175Poços de Caldas2.3
176Patos de Minas2.3
177Jaú2.3
178Itaituba2.3
179Itanhaém2.3
Source: Instituto Brasileiro de Geografia e Estatística (IBGE) · saved copy

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

Patos de Minas ranks 96 of 320, highest first.

RankCityPeople employed by registered firms and organisations, % of population
93Salvador38.1%
94Três Lagoas38.1%
95São José dos Campos37.9%
96Patos de Minas37.6%
97Assis37.3%
98Rondonópolis37.2%
99Ipatinga36.9%
Source: Instituto Brasileiro de Geografia e Estatística (IBGE) · saved copy

Median monthly household income per person (2022)

Patos de Minas ranks 64 of 320, highest first.

RankCityMedian monthly household income per person
61MaríliaR$ 1,375
62Poços de CaldasR$ 1,375
63Presidente PrudenteR$ 1,365
64Patos de MinasR$ 1,356
65AraraquaraR$ 1,356
66AraçatubaR$ 1,350
67CachoeirinhaR$ 1,350
Source: Instituto Brasileiro de Geografia e Estatística (IBGE) · saved copy

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

Sources

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