Economy, jobs and prices in Teófilo Otoni, Brazil: official figures
Teófilo Otoni's gross domestic product was R$ 3.5 billion in 2023 at current prices, 0.03% of Brazil's GDP and the 436th largest of Brazil's 5,570 municipalities.
What is the GDP per capita of Teófilo Otoni?
GDP per person in Teófilo Otoni was R$ 25,763 in 2023, the 2417th lowest of Brazil's 5,570 municipalities and the 51st 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 copyHow much of Minas Gerais state's economy is in Teófilo Otoni?
Teófilo Otoni produced 0.4% of the GDP of Minas Gerais state in 2023, while holding 0.7% of its 2026 population.
Source: Instituto Brasileiro de Geografia e Estatística (IBGE) · saved copyWhat are the main industries in Teófilo Otoni?
In 2021, the latest year with a breakdown by sector, private services made up 58.7% of Teófilo Otoni's gross value added, industry 13.7%, public administration, education and health 24.2% and agriculture 3.4% (Brazil: 50.7%, 25.8%, 15.8% and 7.7%).
Source: Instituto Brasileiro de Geografia e Estatística (IBGE) · saved copyWhat does the economy of Teófilo Otoni depend on?
The three activities adding the most value to Teófilo Otoni's 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 80th lowest of 320 major Brazilian cities.
Source: Instituto Brasileiro de Geografia e Estatística (IBGE) · saved copyWhat is the average salary in Teófilo Otoni?
Salaried employees of companies and organisations in Teófilo Otoni earned an average of R$ 2,394.09 a month in 2024 (1.7 minimum wages), the 1462nd lowest of Brazil's 5,570 municipalities and the 27th lowest of 320 major Brazilian cities (Brazil: R$ 3,932.44).
Source: Instituto Brasileiro de Geografia e Estatística (IBGE) · saved copyAre wages rising in Teófilo Otoni?
The average monthly salary in Teófilo Otoni rose from R$ 2,265.43 in 2022 to R$ 2,394.09 in 2024 in current reais (+5.7%; Brazil: +11.0%). In minimum wages it went from 1.9 to 1.7.
Source: Instituto Brasileiro de Geografia e Estatística (IBGE) · saved copyHow many people have formal jobs in Teófilo Otoni?
Registered companies and organisations in Teófilo Otoni employed 37,408 people at the end of 2024, 29,415 of them salaried, equal to 26.2% of the estimated population; the 121st 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 copyIs employment growing in Teófilo Otoni?
Employment in registered firms and organisations in Teófilo Otoni grew from 35,178 in 2022 to 37,408 in 2024 (+6.3%; Brazil: +8.4%).
Source: Instituto Brasileiro de Geografia e Estatística (IBGE) · saved copyHow many companies are there in Teófilo Otoni?
6,392 companies and other organisations were active in Teófilo Otoni in 2024, about 45 per 1,000 residents (the 147th lowest of 320 major Brazilian cities), and they paid R$ 937 million in wages and other pay over the year.
Source: Instituto Brasileiro de Geografia e Estatística (IBGE) · saved copyWhat is the average income in Teófilo Otoni?
The median monthly household income per person in Teófilo Otoni was R$ 848 at the 2022 census, the 88th lowest of 320 major Brazilian cities and the 2632nd lowest 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 Teófilo Otoni went from R$ 10,879 in 2010 to R$ 25,763 in 2023, a rise of 137%. Source: Instituto Brasileiro de Geografia e Estatística (IBGE) · saved copy
How Teófilo Otoni compares with other cities in Brazil
GDP at current prices (2023)
Teófilo Otoni ranks 278 of 320, highest first.
| Rank | City | GDP at current prices |
|---|---|---|
| 275 | Trindade | R$ 3.6 billion |
| 276 | Valparaíso de Goiás | R$ 3.6 billion |
| 277 | Vespasiano | R$ 3.6 billion |
| 278 | Teófilo Otoni | R$ 3.5 billion |
| 279 | Conselheiro Lafaiete | R$ 3.5 billion |
| 280 | Guarapari | R$ 3.4 billion |
| 281 | São Pedro da Aldeia | R$ 3.4 billion |
GDP per person at current prices (2023)
Teófilo Otoni ranks 270 of 320, highest first.
| Rank | City | GDP per person at current prices |
|---|---|---|
| 267 | Santarém | R$ 26,155 |
| 268 | Nova Iguaçu | R$ 26,110 |
| 269 | Juazeiro | R$ 25,900 |
| 270 | Teófilo Otoni | R$ 25,763 |
| 271 | São Gonçalo | R$ 25,719 |
| 272 | Trindade | R$ 25,497 |
| 273 | Teixeira de Freitas | R$ 25,278 |
Industry share of gross value added (2021)
Teófilo Otoni ranks 241 of 320, highest first.
| Rank | City | Industry share of gross value added |
|---|---|---|
| 238 | Fortaleza | 14.0% |
| 239 | Lagarto | 13.9% |
| 240 | Pelotas | 13.8% |
| 241 | Teófilo Otoni | 13.7% |
| 242 | Recife | 13.7% |
| 243 | Parnaíba | 13.7% |
| 244 | Ananindeua | 13.7% |
Active companies and organisations per 1,000 residents (2024)
Teófilo Otoni ranks 174 of 320, highest first.
| Rank | City | Active companies and organisations per 1,000 residents |
|---|---|---|
| 171 | Uruguaiana | 45.8 |
| 172 | Coronel Fabriciano | 45.2 |
| 173 | Conselheiro Lafaiete | 45.0 |
| 174 | Teófilo Otoni | 44.8 |
| 175 | Praia Grande | 44.7 |
| 176 | Vitória da Conquista | 44.6 |
| 177 | Itaperuna | 44.3 |
Average monthly salary of formal employees (2024)
Teófilo Otoni ranks 294 of 320, highest first.
| Rank | City | Average monthly salary of formal employees |
|---|---|---|
| 291 | Lauro de Freitas | R$ 2,425.43 |
| 292 | São Gonçalo do Amarante | R$ 2,408.53 |
| 293 | Nova Friburgo | R$ 2,405.58 |
| 294 | Teófilo Otoni | R$ 2,394.09 |
| 295 | Porto Seguro | R$ 2,384.30 |
| 296 | Paulista | R$ 2,373.72 |
| 297 | Breves | R$ 2,372.76 |
Average monthly salary in minimum wages (2024)
Teófilo Otoni ranks 299 of 320, highest first.
| Rank | City | Average monthly salary in minimum wages |
|---|---|---|
| 296 | Timon | 1.7 |
| 297 | Porto Seguro | 1.7 |
| 298 | Mesquita | 1.7 |
| 299 | Teófilo Otoni | 1.7 |
| 300 | Araruama | 1.7 |
| 301 | São Gonçalo do Amarante | 1.7 |
| 302 | São Lourenço da Mata | 1.7 |
People employed by registered firms and organisations, % of population (2024)
Teófilo Otoni ranks 200 of 320, highest first.
| Rank | City | People employed by registered firms and organisations, % of population |
|---|---|---|
| 197 | Barbacena | 27.1% |
| 198 | Barreiras | 27.1% |
| 199 | Itabuna | 26.4% |
| 200 | Teófilo Otoni | 26.2% |
| 201 | Marabá | 26.1% |
| 202 | Suzano | 26.1% |
| 203 | Ituiutaba | 26.0% |
Median monthly household income per person (2022)
Teófilo Otoni ranks 233 of 320, highest first.
| Rank | City | Median monthly household income per person |
|---|---|---|
| 230 | Porto Velho | R$ 867 |
| 231 | Mossoró | R$ 867 |
| 232 | Barreiras | R$ 850 |
| 233 | Teófilo Otoni | R$ 848 |
| 234 | Belém | R$ 842 |
| 235 | Imperatriz | R$ 840 |
| 236 | Porto Seguro | R$ 840 |
More on Teófilo Otoni: 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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