diversified economy
The economy of Rio Grande do Sul is one of the five largest among Brazilian states, corresponding to 6% of Brazil's GDP (DDE 2022 ). GDP per capita is $10,338 (2022) - 12% higher than the national average. It is the third highest per capita family income, 28.4% higher than the Brazilian average.
Rio Grande do Sul has a diversified economy with a strong association with agribusiness. In the industry of Rio Grande do Sul, gross value added is distributed among Services (68%), Industry (23.2%) and Agriculture (8.8%). And it also has the fourth largest industrial park in the country. (source PIA IBGE, GDP 2020, except agricultural machinery and equipment, source Simers).
The State is also the fifth largest consumer in Brazil.
With its diversified industry, Rio Grande do Sul has national prominence in several segments, as follows:
National leader in production:
- Agricultural machinery and equipment
- Leather and footwear
- Furniture
- tobacco products
Second place:
- Chemical industry
- Metal Mechanics Industry
- Manufacture of Machinery and Equipment
Third place:
- Manufacture of IT equipment, electronic and optical products.
- Auto-vehicles
In the agro sector, Rio Grande do Sul has FMD free zone status without vaccination by the World Organization for Animal Health (OIE), which is of paramount importance for livestock.
National leadership:
- Rice production and export (IBGE PAM and COMEX STAT)
- Leaf Tobacco Production and Export (IBGE PAM and COMEX STAT)
- Wheat production and export (IBGE PAM and COMEX STAT)
Second place:
- Soy production and export (IBGE PAM and COMEX STAT)
- Production and export of Chicken Meat (IBGE PAM and COMEX STAT)
- Pork Export (COMEX STAT)