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The objective of this study was to determine the size of the forest sector in the State of Minas Gerais, Brazil using the production gross value. Also, the wealth generated by the commercial balance, tax collection and jobs generated and maintained by the sector were analyzed. It was verified that Minas Gerais plays a relevant role in the Brazilian forest sector, with a gross production in 2003 reaching the value of R$1.275,3 millions. The results showed the importance of forest sector for the social and economic development of the State, generating approximately 1,3million indirect and direct jobs and contributing significantly to the State s forest exports.