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The economy is based on cattle raising, services consisting of shops selling the basic necessities, government employment, and subsistence farming. There are some larger plantations of soybeans, corn, and beans.
In 2006 there were 55,000 head of cows, with most of them being for meat production. The main agricultural products in planted area were cotton, rice, sugarcane, beans, manioc, corn, and soybeans (3,700 hectares). Only the last had a planted area exceeding 500 hectares. A recent agricultural product is the pupunha (Bactris Gasipaes Kunth), a type of palm from which is extracted oil and flour. Also see Palmitoseloverde
State ranking: 229 (out of 242 municipalities in 2000)
National ranking: 3,548 (out of 5,507 municipalities in 2000)
Schools: 11 with 1,070 students (2006)
Hospitals: none (2007)
Literacy rate: 75.3% (2000)
Infant mortality rate: 27.83 (2000)
Mimoso was created as a district of Niquelândia in 1951. In 1975 it was transferred to the municipality of Padre Bernardo. In 1987 it was dismembered from Padre Bernardo and elevated to a municipality, which was installed in 1989.