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Economy, jobs and prices in Ribeirão das Neves, Brazil: official figures

Ribeirão das Neves' gross domestic product was R$ 6.3 billion in 2023 at current prices, 0.06% of Brazil's GDP and the 261st largest of Brazil's 5,570 municipalities.

GDP (current prices)
R$ 6.3 billion
2023
GDP per person
R$ 19,214
2023
Average monthly formal salary
R$ 2,731.42
2024
People employed by registered firms and organisations
40,063
2024
Median monthly household income per person
R$ 906
2022

What is the GDP per capita of Ribeirão das Neves?

GDP per person in Ribeirão das Neves was R$ 19,214 in 2023, the 1739th lowest of Brazil's 5,570 municipalities and the 26th 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 Minas Gerais state's economy is in Ribeirão das Neves?

Ribeirão das Neves produced 0.7% of the GDP of Minas Gerais state in 2023, while holding 1.6% of its 2026 population.

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

What are the main industries in Ribeirão das Neves?

In 2021, the latest year with a breakdown by sector, private services made up 52.4% of Ribeirão das Neves' gross value added, industry 14.6%, public administration, education and health 32.9% and agriculture 0.1% (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 Ribeirão das Neves depend on?

The three activities adding the most value to Ribeirão das Neves' economy in 2021 were public administration, defence, public education and health and social security, other private services (such as finance, property, transport, information and private education and health), and trade and vehicle repair. Industry's share of value added was the 89th lowest of 320 major Brazilian cities.

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

What is the average salary in Ribeirão das Neves?

Salaried employees of companies and organisations in Ribeirão das Neves earned an average of R$ 2,731.42 a month in 2024 (1.9 minimum wages), the 2776th lowest of Brazil's 5,570 municipalities and the 74th 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 Ribeirão das Neves?

The average monthly salary in Ribeirão das Neves rose from R$ 2,291.06 in 2022 to R$ 2,731.42 in 2024 in current reais (+19.2%; Brazil: +11.0%). In minimum wages it went from 1.9 to 1.9.

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

How many people have formal jobs in Ribeirão das Neves?

Registered companies and organisations in Ribeirão das Neves employed 40,063 people at the end of 2024, 32,570 of them salaried, equal to 11.6% of the estimated population; the 15th 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 copy

Is employment growing in Ribeirão das Neves?

Employment in registered firms and organisations in Ribeirão das Neves grew from 36,477 in 2022 to 40,063 in 2024 (+9.8%; Brazil: +8.4%).

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

How many companies are there in Ribeirão das Neves?

6,261 companies and other organisations were active in Ribeirão das Neves in 2024, about 18 per 1,000 residents (the 15th lowest of 320 major Brazilian cities), and they paid R$ 1.2 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 Ribeirão das Neves?

The median monthly household income per person in Ribeirão das Neves was R$ 906 at the 2022 census, the 101st lowest of 320 major Brazilian cities and the 2730th highest of Brazil's 5,570 municipalities (Brazil: R$ 1,000).

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

More figures

How Ribeirão das Neves compares with other cities in Brazil

GDP at current prices (2023)

Ribeirão das Neves ranks 215 of 320, highest first.

RankCityGDP at current prices
212ItumbiaraR$ 6.6 billion
213JaúR$ 6.5 billion
214Juazeiro do NorteR$ 6.5 billion
215Ribeirão das NevesR$ 6.3 billion
216CastanhalR$ 6.3 billion
217ItaboraíR$ 6.3 billion
218LuziâniaR$ 6.3 billion
Source: Instituto Brasileiro de Geografia e Estatística (IBGE) · saved copy

GDP per person at current prices (2023)

Ribeirão das Neves ranks 295 of 320, highest first.

RankCityGDP per person at current prices
292OlindaR$ 20,073
293Belford RoxoR$ 20,051
294ItapipocaR$ 19,450
295Ribeirão das NevesR$ 19,214
296MaranguapeR$ 19,137
297IbiritéR$ 18,973
298ManacapuruR$ 18,820
Source: Instituto Brasileiro de Geografia e Estatística (IBGE) · saved copy

Industry share of gross value added (2021)

Ribeirão das Neves ranks 232 of 320, highest first.

RankCityIndustry share of gross value added
229Presidente Prudente14.7%
230Carapicuíba14.7%
231Itabuna14.6%
232Ribeirão das Neves14.6%
233Caruaru14.5%
234Ji-Paraná14.3%
235Jequié14.2%
Source: Instituto Brasileiro de Geografia e Estatística (IBGE) · saved copy

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

Ribeirão das Neves ranks 306 of 320, highest first.

RankCityActive companies and organisations per 1,000 residents
303Paulista19.0
304Paço do Lumiar18.6
305São José de Ribamar18.6
306Ribeirão das Neves18.2
307São Gonçalo do Amarante18.1
308Itapipoca18.0
309Queimados17.8
Source: Instituto Brasileiro de Geografia e Estatística (IBGE) · saved copy

Average monthly salary of formal employees (2024)

Ribeirão das Neves ranks 247 of 320, highest first.

RankCityAverage monthly salary of formal employees
244Ji-ParanáR$ 2,742.92
245Volta RedondaR$ 2,741.28
246LagartoR$ 2,736.06
247Ribeirão das NevesR$ 2,731.42
248Aparecida de GoiâniaR$ 2,730.05
249Nossa Senhora do SocorroR$ 2,726.81
250IgarassuR$ 2,720.31
Source: Instituto Brasileiro de Geografia e Estatística (IBGE) · saved copy

Average monthly salary in minimum wages (2024)

Ribeirão das Neves ranks 247 of 320, highest first.

RankCityAverage monthly salary in minimum wages
244Jaboatão dos Guararapes1.9
245Aparecida de Goiânia1.9
246Caucaia1.9
247Ribeirão das Neves1.9
248Volta Redonda1.9
249Itaboraí1.9
250Sobral1.9
Source: Instituto Brasileiro de Geografia e Estatística (IBGE) · saved copy

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

Ribeirão das Neves ranks 306 of 320, highest first.

RankCityPeople employed by registered firms and organisations, % of population
303Timon12.3%
304Mesquita12.2%
305Piraquara11.8%
306Ribeirão das Neves11.6%
307Codó11.6%
308Itacoatiara11.1%
309Abaetetuba10.9%
Source: Instituto Brasileiro de Geografia e Estatística (IBGE) · saved copy

Median monthly household income per person (2022)

Ribeirão das Neves ranks 220 of 320, highest first.

RankCityMedian monthly household income per person
217ItanhaémR$ 950
218Itapecerica da SerraR$ 935
219São GonçaloR$ 909
220Ribeirão das NevesR$ 906
221AraruamaR$ 904
222FortalezaR$ 900
223ItaquaquecetubaR$ 900
Source: Instituto Brasileiro de Geografia e Estatística (IBGE) · saved copy

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

Sources

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