). ▁Ne igh bor ing ▁municipal ities ▁are : ▁Mat ut ina ▁and ▁T iros ▁to ▁the ▁North , ▁Rio ▁Par ana í ba ▁to ▁the ▁east , ▁Cam pos ▁Alt os ▁and ▁Santa ▁Rosa ▁da ▁Ser ra ▁to ▁the ▁south , ▁and ▁Quart el ▁Ger al ▁to ▁the ▁west . ▁ ▁Dist ances A onde ▁f ica ▁Image : Car rot . jpg ▁Pat os ▁de ▁Min as : ▁ 1 0 1   km ▁Ara x á : ▁ 1 6 3   km ▁Est al agem : ▁ 5 5   km ▁( BR - 2 6 2 ) ▁Rio ▁Par ana í ba : ▁ 2 0   km ▁Mat ut ina : ▁ 2 2   km ▁T iros : 4 3   km ▁A rap ua : 5 0   km ▁Bel o ▁Hor iz onte : ▁ 2 9 5   km ▁ ▁Econom ic ▁activities ▁The ▁most ▁important ▁economic ▁activities ▁are ▁cattle ▁raising , ▁commerce , ▁and ▁agricult ure . ▁The ▁G DP ▁in ▁ 2 0 0 5 ▁was ▁R $ 2 7 7 ▁million , ▁with ▁ 1 6 6 ▁million ▁generated ▁by ▁services , ▁ 1 8 ▁million ▁generated ▁by ▁industry , ▁and ▁ 6 6 ▁million ▁generated ▁by ▁agricult ure . ▁São ▁Got ardo ▁is ▁in ▁the ▁top ▁tier ▁of ▁municipal ities ▁in ▁the ▁state ▁with ▁regard ▁to ▁economic ▁and ▁social ▁development . ▁As ▁of ▁ 2 0 0 7 , ▁there ▁were ▁ 0 5 ▁bank ing ▁ag encies ▁in