Economy of Palmas

The city has four industrial districts, among them the Industrial District of Palmas, Tocantins Industrial District I Industrial District and Industrial District Tocantins II of Taquaralto. All of them are located along the highways and TO-050 TO-010.

Today Palmas city became a center whose trade and economic influence covers the entire state of Tocantins, in addition to the southeastern Pará, the northeastern Mato Grosso, and the southern Maranhão. In town, there are branches of the following banks: Banco do Brasil (7 agencies), Bradesco (five agencies, one of Bradesco Prime), Caixa Econômica Federal (4 agencies, 3 more ATM's), Itaú Unibanco (3 agencies), Banco da Amazônia (2 agencies), HSBC (1 agency), Santander (1 agency), Banco BMG (1 agency), Banco Cruzeiro do Sul (1 agency), and Tribanco (1 agency). Moreover, Palmas also has seven self-service terminals of the Banco 24 Horas interbank network.

In 2007 the Gross Domestic Product had a strong expansion was estimated at $ 2.2 billion, driven by investments of the City of Palms in the economy and also the proper time by which runs the country. The increase in GDP of Palmas was 6% and compared to that of Brazil was very considerable, as the country showed the percentage of 3.5%, and Capital, by the end of 2007, representing 18.4% of the wealth generated Tocantins and 0.08% in the country. Due to this growth, Palms has received major investments, such as the Capim Dourado Shopping (inaugurated in August/2010), the multimodal yard of the North-South (located in the municipality of Porto Nacional, on the banks of the TO-080), plus branches of hypermarket networks: Atacadão, Makro, Extra and Assam