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

Uberaba's gross domestic product was R$ 23.7 billion in 2023 at current prices, 0.22% of Brazil's GDP and the 64th largest of Brazil's 5,570 municipalities.

GDP (current prices)
R$ 23.7 billion
2023
GDP per person
R$ 70,121
2023
Average monthly formal salary
R$ 3,574.90
2024
People employed by registered firms and organisations
130,139
2024
Median monthly household income per person
R$ 1,300
2022

What is the GDP per capita of Uberaba?

GDP per person in Uberaba was R$ 70,121 in 2023, the 670th highest of Brazil's 5,570 municipalities and the 84th 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 Uberaba?

Uberaba produced 2.4% of the GDP of Minas Gerais state in 2023, while holding 1.7% of its 2026 population.

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

What are the main industries in Uberaba?

In 2021, the latest year with a breakdown by sector, private services made up 46.5% of Uberaba's gross value added, industry 35.4%, public administration, education and health 9.8% and agriculture 8.3% (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 Uberaba depend on?

The three activities adding the most value to Uberaba's economy in 2021 were other private services (such as finance, property, transport, information and private education and health), manufacturing, and trade and vehicle repair. Industry's share of value added was the 69th highest of 320 major Brazilian cities.

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

What is the average salary in Uberaba?

Salaried employees of companies and organisations in Uberaba earned an average of R$ 3,574.90 a month in 2024 (2.5 minimum wages), the 586th highest of Brazil's 5,570 municipalities and the 123rd 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 Uberaba?

The average monthly salary in Uberaba rose from R$ 3,119.83 in 2022 to R$ 3,574.90 in 2024 in current reais (+14.6%; Brazil: +11.0%). In minimum wages it went from 2.6 to 2.5.

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

How many people have formal jobs in Uberaba?

Registered companies and organisations in Uberaba employed 130,139 people at the end of 2024, 104,121 of them salaried, equal to 36.7% of the estimated population; the 103rd 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 Uberaba?

Employment in registered firms and organisations in Uberaba grew from 118,121 in 2022 to 130,139 in 2024 (+10.2%; Brazil: +8.4%).

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

How many companies are there in Uberaba?

20,376 companies and other organisations were active in Uberaba in 2024, about 58 per 1,000 residents (the 107th highest of 320 major Brazilian cities), and they paid R$ 4.8 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 Uberaba?

The median monthly household income per person in Uberaba was R$ 1,300 at the 2022 census, the 88th highest of 320 major Brazilian cities and the 584th highest of Brazil's 5,570 municipalities (Brazil: R$ 1,000).

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

More figures

How Uberaba compares with other cities in Brazil

GDP at current prices (2023)

Uberaba ranks 61 of 320, highest first.

RankCityGDP at current prices
58Porto VelhoR$ 25.4 billion
59MauáR$ 25.0 billion
60BlumenauR$ 24.9 billion
61UberabaR$ 23.7 billion
62Juiz de ForaR$ 23.3 billion
63São GonçaloR$ 23.1 billion
64TaubatéR$ 22.6 billion
Source: Instituto Brasileiro de Geografia e Estatística (IBGE) · saved copy

GDP per person at current prices (2023)

Uberaba ranks 84 of 320, highest first.

RankCityGDP per person at current prices
81PetrópolisR$ 71,383
82Angra dos ReisR$ 71,076
83GuaratinguetáR$ 70,904
84UberabaR$ 70,121
85CotiaR$ 69,460
86ChapecóR$ 69,154
87Embu das ArtesR$ 68,972
Source: Instituto Brasileiro de Geografia e Estatística (IBGE) · saved copy

Industry share of gross value added (2021)

Uberaba ranks 69 of 320, highest first.

RankCityIndustry share of gross value added
66Limeira36.0%
67Hortolândia35.5%
68Joinville35.5%
69Uberaba35.4%
70Itatiba35.4%
71Erechim35.4%
72Americana35.1%
Source: Instituto Brasileiro de Geografia e Estatística (IBGE) · saved copy

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

Uberaba ranks 107 of 320, highest first.

RankCityActive companies and organisations per 1,000 residents
104Santa Maria58.3
105Ipatinga57.7
106Dourados57.6
107Uberaba57.5
108Juiz de Fora57.2
109Cambé57.0
110Catalão57.0
Source: Instituto Brasileiro de Geografia e Estatística (IBGE) · saved copy

Average monthly salary of formal employees (2024)

Uberaba ranks 123 of 320, highest first.

RankCityAverage monthly salary of formal employees
120CametáR$ 3,593.41
121MaricáR$ 3,590.37
122BrusqueR$ 3,580.18
123UberabaR$ 3,574.90
124TatuíR$ 3,560.86
125Balneário CamboriúR$ 3,539.94
126MarabáR$ 3,535.02
Source: Instituto Brasileiro de Geografia e Estatística (IBGE) · saved copy

Average monthly salary in minimum wages (2024)

Uberaba ranks 122 of 320, highest first.

RankCityAverage monthly salary in minimum wages
119Anápolis2.5
120Bauru2.5
121Cascavel2.5
122Uberaba2.5
123Marabá2.5
124Gravataí2.5
125Criciúma2.5
Source: Instituto Brasileiro de Geografia e Estatística (IBGE) · saved copy

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

Uberaba ranks 103 of 320, highest first.

RankCityPeople employed by registered firms and organisations, % of population
100Itumbiara36.8%
101Ponta Grossa36.8%
102Apucarana36.8%
103Uberaba36.7%
104Birigui36.7%
105Paranaguá36.7%
106Cachoeirinha36.4%
Source: Instituto Brasileiro de Geografia e Estatística (IBGE) · saved copy

Median monthly household income per person (2022)

Uberaba ranks 88 of 320, highest first.

RankCityMedian monthly household income per person
85Campo LargoR$ 1,304
86BarueriR$ 1,302
87CuiabáR$ 1,300
88UberabaR$ 1,300
89São LeopoldoR$ 1,300
90ItuR$ 1,300
91Mogi GuaçuR$ 1,300
Source: Instituto Brasileiro de Geografia e Estatística (IBGE) · saved copy

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

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