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 US$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 industry in Rio Grande do Sul, gross value added is distributed between Services (68%), Industry (23.2%) and Agriculture (8.8%). And it still has the fourth largest industrial park in the country. (source PIA IBGE, GDP 2020, except agricultural machinery and equipment, source Simers).

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 Mechanical Industry
• Manufacturing of Machinery and Equipment

Third place:

• Manufacture of IT equipment, electronic and optical products.
• Auto-vehicles

In the agricultural sector, Rio Grande do Sul has   status as a foot-and-mouth disease-free zone without vaccination by the World Organization for Animal Health (OIE), which is of paramount importance for livestock farming.

National leadership:

• Rice production and export (IBGE PAM and COMEX STAT)
• Production and export of Leaf Tobacco (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)