The most important economic activities are cattle raising, commerce, and agriculture. The GDP in 2005 was R$277 million, with 166 million generated by services, 18 million generated by industry, and 66 million generated by agriculture. São Gotardo is in the top tier of municipalities in the state with regard to economic and social development. As of 2007, there were 05 banking agencies in the town. There was a well-developed retail infrastructure serving the surrounding area of cattle and agricultural lands. There were 5,961 automobiles in all of the municipality, about one for every 05 inhabitants. São Gotardo is a large producer of agricultural products, especially coffee and corn. The high elevation combined with tropical latitude allows it to produce coffee and wheat. In the rural area there were 825 establishments occupying 61,000 hectares. About 3,000 persons were dependent on agriculture. 113 of the farms had tractors, a ratio of one in 7 farms. There were 43,000 head of cattle in 2006. The main crops were:
avocado: 120 hectares
coffee: 2,820 hectares
garlic: 65 hectares
potatoes: 110 hectares
onions: 77 hectares
beans: 420 hectares
corn: 3,600 hectares
soybeans: 1,500 hectares
wheat: 130 hectares
Health and education
In the health sector there were 13 health clinics and 02 hospitals with 44 beds In the educational sector there were 12 pre-primary schools, 17 primary schools, and 05 middle schools.
Municipal Human Development Index: 0.807
State ranking: 30 out of 853 municipalities as of 2000
National ranking: 439 out of 5,138 municipalities as of 2000
Literacy rate: 88%
Life expectancy: 73
The highest ranking municipality in Minas Gerais in 2000 was Poços de Caldas with 0.841, while the lowest was Setubinha with 0.568. Nationally the highest was São Caetano do Sul in São Paulo with 0.919, while the lowest was Setubinha. In more recent statistics Manari in the state of Pernambuco has the lowest rating in the country, 467, putting it in last place.
Origin of the Name
The name is inspired by Joaquim Gotardode Lima who arrived in the region in 1836 with his family and settled on a cattle ranch which later developed into a small settlement around a chapel. In 1852 the first settlement, known as Confusão, after a local ranch, was raised to a district with the name of São Sebastião do Pouso Alegre. Later the name was changed to pay homage to the founder, who unexpectedly gained sainthood in the new name.