The most important economic activities are cattle raising, commerce, and agriculture. The GDP in 2005 was R$ R$51 million of which 28 million came from services and 17 million came from agriculture. Morada Nova de Minas is in the middle tier of municipalities in the state with regard to economic and social development. As of 2007 there was one banking agency in the town. There was a small retail infrastructure serving the surrounding area of cattle and agricultural lands. There were 667 automobiles in all of the municipality (2007), about one for every 11 inhabitants. In the rural area there were 306 establishments occupying 130,000 hectares (2006). About 1,800 persons were employed in agriculture. 73 of the farms had tractors, a ratio of one in four farms. There were 50,000 head of cattle in 2006. In permanent crops there were 11,000 ha. planted, while in perennial crops 3,000 ha. were planted (2006). The main crops were rice, soybeans, and corn. A major agricultural activity is extraction of charcoal, which is shipped by truck to be used in the industries of the
Belo Horizonte region. Fishing is also important for the economy with lake fishing and raising of fish in tanks. ==Health and education==