Economy, jobs and prices in Varginha, Brazil: official figures
Varginha's gross domestic product was R$ 10.1 billion in 2023 at current prices, 0.09% of Brazil's GDP and the 173rd largest of Brazil's 5,570 municipalities.
What is the GDP per capita of Varginha?
GDP per person in Varginha was R$ 73,780 in 2023, the 588th highest of Brazil's 5,570 municipalities and the 69th 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 copyHow much of Minas Gerais state's economy is in Varginha?
Varginha produced 1.0% 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 Varginha?
In 2021, the latest year with a breakdown by sector, private services made up 62.7% of Varginha's gross value added, industry 24.8%, public administration, education and health 11.1% and agriculture 1.4% (Brazil: 50.7%, 25.8%, 15.8% and 7.7%).
Source: Instituto Brasileiro de Geografia e Estatística (IBGE) · saved copyWhat does the economy of Varginha depend on?
The three activities adding the most value to Varginha's economy in 2021 were other private services (such as finance, property, transport, information and private education and health), trade and vehicle repair, and manufacturing. Industry's share of value added was the 149th highest of 320 major Brazilian cities.
Source: Instituto Brasileiro de Geografia e Estatística (IBGE) · saved copyWhat is the average salary in Varginha?
Salaried employees of companies and organisations in Varginha earned an average of R$ 2,977.96 a month in 2024 (2.1 minimum wages), the 1884th highest of Brazil's 5,570 municipalities and the 112th lowest of 320 major Brazilian cities (Brazil: R$ 3,932.44).
Source: Instituto Brasileiro de Geografia e Estatística (IBGE) · saved copyAre wages rising in Varginha?
The average monthly salary in Varginha rose from R$ 2,602.20 in 2022 to R$ 2,977.96 in 2024 in current reais (+14.4%; Brazil: +11.0%). In minimum wages it went from 2.1 to 2.1.
Source: Instituto Brasileiro de Geografia e Estatística (IBGE) · saved copyHow many people have formal jobs in Varginha?
Registered companies and organisations in Varginha employed 60,452 people at the end of 2024, 47,857 of them salaried, equal to 42.3% of the estimated population; the 67th 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 copyIs employment growing in Varginha?
Employment in registered firms and organisations in Varginha grew from 55,379 in 2022 to 60,452 in 2024 (+9.2%; Brazil: +8.4%).
Source: Instituto Brasileiro de Geografia e Estatística (IBGE) · saved copyHow many companies are there in Varginha?
9,470 companies and other organisations were active in Varginha in 2024, about 66 per 1,000 residents (the 75th highest of 320 major Brazilian cities), and they paid R$ 1.9 billion in wages and other pay over the year.
Source: Instituto Brasileiro de Geografia e Estatística (IBGE) · saved copyWhat is the average income in Varginha?
The median monthly household income per person in Varginha was R$ 1,240 at the 2022 census, the 112th highest of 320 major Brazilian cities and the 767th highest 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 Varginha went from R$ 26,268 in 2010 to R$ 73,780 in 2023, a rise of 181%. Source: Instituto Brasileiro de Geografia e Estatística (IBGE) · saved copy
How Varginha compares with other cities in Brazil
GDP at current prices (2023)
Varginha ranks 158 of 320, highest first.
| Rank | City | GDP at current prices |
|---|---|---|
| 155 | Mossoró | R$ 10.3 billion |
| 156 | Palhoça | R$ 10.3 billion |
| 157 | Valinhos | R$ 10.2 billion |
| 158 | Varginha | R$ 10.1 billion |
| 159 | Jataí | R$ 10.0 billion |
| 160 | Araras | R$ 10.0 billion |
| 161 | Linhares | R$ 10.0 billion |
GDP per person at current prices (2023)
Varginha ranks 69 of 320, highest first.
| Rank | City | GDP per person at current prices |
|---|---|---|
| 66 | Ipatinga | R$ 74,080 |
| 67 | Balsas | R$ 73,991 |
| 68 | Santos | R$ 73,964 |
| 69 | Varginha | R$ 73,780 |
| 70 | Bento Gonçalves | R$ 73,589 |
| 71 | Rio Grande | R$ 73,511 |
| 72 | Taubaté | R$ 72,755 |
Industry share of gross value added (2021)
Varginha ranks 149 of 320, highest first.
| Rank | City | Industry share of gross value added |
|---|---|---|
| 146 | São Luís | 25.2% |
| 147 | Itapetininga | 25.0% |
| 148 | Aparecida de Goiânia | 24.8% |
| 149 | Varginha | 24.8% |
| 150 | Barretos | 24.6% |
| 151 | Apucarana | 24.2% |
| 152 | Taboão da Serra | 24.1% |
Active companies and organisations per 1,000 residents (2024)
Varginha ranks 75 of 320, highest first.
| Rank | City | Active companies and organisations per 1,000 residents |
|---|---|---|
| 72 | Botucatu | 66.9 |
| 73 | Piracicaba | 66.5 |
| 74 | São José dos Pinhais | 66.4 |
| 75 | Varginha | 66.3 |
| 76 | Cotia | 66.3 |
| 77 | Sinop | 65.9 |
| 78 | Sorocaba | 65.9 |
Average monthly salary of formal employees (2024)
Varginha ranks 209 of 320, highest first.
| Rank | City | Average monthly salary of formal employees |
|---|---|---|
| 206 | Senador Canedo | R$ 2,998.77 |
| 207 | Uruguaiana | R$ 2,998.43 |
| 208 | Colatina | R$ 2,982.59 |
| 209 | Varginha | R$ 2,977.96 |
| 210 | Trindade | R$ 2,977.28 |
| 211 | Sarandi | R$ 2,971.92 |
| 212 | Ilhéus | R$ 2,970.72 |
Average monthly salary in minimum wages (2024)
Varginha ranks 208 of 320, highest first.
| Rank | City | Average monthly salary in minimum wages |
|---|---|---|
| 205 | Barreiras | 2.1 |
| 206 | Senador Canedo | 2.1 |
| 207 | Trindade | 2.1 |
| 208 | Varginha | 2.1 |
| 209 | Altamira | 2.1 |
| 210 | São Mateus | 2.1 |
| 211 | Colatina | 2.1 |
People employed by registered firms and organisations, % of population (2024)
Varginha ranks 67 of 320, highest first.
| Rank | City | People employed by registered firms and organisations, % of population |
|---|---|---|
| 64 | João Pessoa | 42.9% |
| 65 | Presidente Prudente | 42.9% |
| 66 | Rio Claro | 42.7% |
| 67 | Varginha | 42.3% |
| 68 | Araraquara | 41.9% |
| 69 | Botucatu | 41.9% |
| 70 | Teresina | 41.8% |
Median monthly household income per person (2022)
Varginha ranks 112 of 320, highest first.
| Rank | City | Median monthly household income per person |
|---|---|---|
| 109 | Sapucaia do Sul | R$ 1,250 |
| 110 | Tangará da Serra | R$ 1,250 |
| 111 | Ourinhos | R$ 1,250 |
| 112 | Varginha | R$ 1,240 |
| 113 | Campo Grande | R$ 1,237 |
| 114 | Jacareí | R$ 1,233 |
| 115 | Hortolândia | R$ 1,233 |
More on Varginha: 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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