page_title: Oliveira, Minas Gerais
section_title: Economy
hierarchical_section_title: Oliveira, Minas Gerais / Economy
caption_attribution_description: Português: A princesa do oeste
context_page_description: Oliveira is a Brazilian municipality in the state of Minas Gerais. It is located at latitude 20º41'47" south and longitude 44º49'38" west, at an altitude of 982 metres. It is located 165 kilometres at southwest from Belo Horizonte. Its estimated population was 41,181 according to the latest IBGE census.
  Oliveira is the birthplace of Brazilian scientist Carlos Chagas. A person from Oliveira can be called "Oliveirense".
context_section_description: Oliveira's economy is mainly based on services sector (Tertiary sector). In the industrial sector (Secondary), two main industries can be highlighted: Baptista de Almeida (Candy and Caramel Factory Santa Rita) and Kromberg & Schubert (a German multinational company). The GDP division per economy sectors show that half of Gross Domestic Product is generated by services sector. Industry comprises around a third of the city's economy, while the primary sector is only responsible by 17% of the city's economy.
  GDP division by sectors
  Primary (agriculture and livestock farming): 17%
  Secondary (Industry): 33%
  Tertiary (Services): 50%
  Between 2005 and 2012, Oliveira has had an astronomic economic and social growth. The urban structure and modernization can also be highlighted. In a recent study that has mapped the misery concentration in Brazil, it could be seen that the proportion of people that could be considered miserable in Oliveira is not even 1.5%, which is far lower than the national average that is 8.5% of the entire population. Oliveira is also located in a very dynamic and richest region in the state of Minas Gerais. Furthermore, Oliveira is placed in the top average monthly income per capita when compared with the surrounding municipalities. The following table show this information:
caption: The main economic activity of the municipality is based on the tertiary sector. In the past few decades, there has been an effort to become an industrial centre.
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