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

Vespasiano's gross domestic product was R$ 3.6 billion in 2023 at current prices, 0.03% of Brazil's GDP and the 427th largest of Brazil's 5,570 municipalities.

GDP (current prices)
R$ 3.6 billion
2023
GDP per person
R$ 28,050
2023
Average monthly formal salary
R$ 3,381.11
2024
People employed by registered firms and organisations
25,712
2024
Median monthly household income per person
R$ 1,000
2022

What is the GDP per capita of Vespasiano?

GDP per person in Vespasiano was R$ 28,050 in 2023, the 2629th lowest of Brazil's 5,570 municipalities and the 66th 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 Vespasiano?

Vespasiano 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 copy

What are the main industries in Vespasiano?

In 2021, the latest year with a breakdown by sector, private services made up 42.6% of Vespasiano's gross value added, industry 31.4%, public administration, education and health 25.9% and agriculture 0.0% (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 Vespasiano depend on?

The three activities adding the most value to Vespasiano'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 manufacturing. Industry's share of value added was the 90th highest of 320 major Brazilian cities.

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

What is the average salary in Vespasiano?

Salaried employees of companies and organisations in Vespasiano earned an average of R$ 3,381.11 a month in 2024 (2.4 minimum wages), the 874th highest of Brazil's 5,570 municipalities and the 152nd 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 Vespasiano?

The average monthly salary in Vespasiano rose from R$ 3,030.30 in 2022 to R$ 3,381.11 in 2024 in current reais (+11.6%; Brazil: +11.0%). In minimum wages it went from 2.5 to 2.4.

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

How many people have formal jobs in Vespasiano?

Registered companies and organisations in Vespasiano employed 25,712 people at the end of 2024, 21,340 of them salaried, equal to 18.8% of the estimated population; the 59th 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 Vespasiano?

Employment in registered firms and organisations in Vespasiano fell from 26,216 in 2022 to 25,712 in 2024 (-1.9%; Brazil: +8.4%).

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

How many companies are there in Vespasiano?

3,590 companies and other organisations were active in Vespasiano in 2024, about 26 per 1,000 residents (the 49th lowest of 320 major Brazilian cities), and they paid R$ 1.1 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 Vespasiano?

The median monthly household income per person in Vespasiano was R$ 1,000 at the 2022 census, the 117th lowest of 320 major Brazilian cities and the 2347th highest of Brazil's 5,570 municipalities (Brazil: R$ 1,000).

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

More figures

How Vespasiano compares with other cities in Brazil

GDP at current prices (2023)

Vespasiano ranks 277 of 320, highest first.

RankCityGDP at current prices
274Teixeira de FreitasR$ 3.7 billion
275TrindadeR$ 3.6 billion
276Valparaíso de GoiásR$ 3.6 billion
277VespasianoR$ 3.6 billion
278Teófilo OtoniR$ 3.5 billion
279Conselheiro LafaieteR$ 3.5 billion
280GuarapariR$ 3.4 billion
Source: Instituto Brasileiro de Geografia e Estatística (IBGE) · saved copy

GDP per person at current prices (2023)

Vespasiano ranks 255 of 320, highest first.

RankCityGDP per person at current prices
252Santo Antônio de JesusR$ 29,386
253ArapiracaR$ 29,319
254ItabaianaR$ 28,448
255VespasianoR$ 28,050
256ItaboraíR$ 27,995
257Fazenda Rio GrandeR$ 27,805
258CaucaiaR$ 27,760
Source: Instituto Brasileiro de Geografia e Estatística (IBGE) · saved copy

Industry share of gross value added (2021)

Vespasiano ranks 90 of 320, highest first.

RankCityIndustry share of gross value added
87Arapongas32.1%
88São Carlos31.8%
89Fazenda Rio Grande31.7%
90Vespasiano31.4%
91Nova Serrana31.4%
92Alagoinhas31.3%
93Uberlândia31.0%
Source: Instituto Brasileiro de Geografia e Estatística (IBGE) · saved copy

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

Vespasiano ranks 272 of 320, highest first.

RankCityActive companies and organisations per 1,000 residents
269Itaguaí27.3
270Alvorada27.1
271Crato27.0
272Vespasiano26.2
273Itapevi25.7
274Santa Luzia25.4
275Itaquaquecetuba25.1
Source: Instituto Brasileiro de Geografia e Estatística (IBGE) · saved copy

Average monthly salary of formal employees (2024)

Vespasiano ranks 152 of 320, highest first.

RankCityAverage monthly salary of formal employees
149SerraR$ 3,393.20
150Ribeirão PiresR$ 3,390.13
151Pouso AlegreR$ 3,389.81
152VespasianoR$ 3,381.11
153CatanduvaR$ 3,372.63
154Novo HamburgoR$ 3,370.35
155Francisco MoratoR$ 3,368.25
Source: Instituto Brasileiro de Geografia e Estatística (IBGE) · saved copy

Average monthly salary in minimum wages (2024)

Vespasiano ranks 155 of 320, highest first.

RankCityAverage monthly salary in minimum wages
152Pouso Alegre2.4
153Fazenda Rio Grande2.4
154Campo Largo2.4
155Vespasiano2.4
156Pinhais2.4
157Piraquara2.4
158Catanduva2.4
Source: Instituto Brasileiro de Geografia e Estatística (IBGE) · saved copy

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

Vespasiano ranks 262 of 320, highest first.

RankCityPeople employed by registered firms and organisations, % of population
259Senador Canedo19.1%
260Itaquaquecetuba18.9%
261Altamira18.8%
262Vespasiano18.8%
263Ananindeua18.7%
264Itaituba18.6%
265Jaboatão dos Guararapes18.3%
Source: Instituto Brasileiro de Geografia e Estatística (IBGE) · saved copy

Median monthly household income per person (2022)

Vespasiano ranks 204 of 320, highest first.

RankCityMedian monthly household income per person
201Angra dos ReisR$ 1,000
202Senador CanedoR$ 1,000
203TrindadeR$ 1,000
204VespasianoR$ 1,000
205São Pedro da AldeiaR$ 1,000
206Santa LuziaR$ 981
207NilópolisR$ 980
Source: Instituto Brasileiro de Geografia e Estatística (IBGE) · saved copy

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

Sources

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