Upwelling areas are among the most productive ecosystems on the planet, influencing the biology of marine organisms. This study investigated the population dynamics of the shrimp Artemesia longinaris in two regions in southeastern Brazil, one inside (Macaé—Rio de Janeiro State) and one outside (Ubatuba—State of São Paulo) the Cabo Frio upwelling area. The aim was to verify the influence of the upwelling phenomenon on the abundance, growth, longevity, size of sexual maturity, and reproductive period of the species. In total, 188,902 individuals were captured at Macaé and 3,461 at Ubatuba. Individuals captured at Macaé showed larger maximum size, higher longevity, and slower growth rate, besides reaching sexual maturity at larger sizes than at Ubatuba. Continuous reproduction was observed in both regions, with juvenile recruitment peaks in spring and summer. Local conditions observed at Macaé were influenced by the Cabo Frio upwelling zone, characterized by productive and cooler waters that are around 20°C during most of the year. The upwelling phenomenon is probably the main factor influencing the population parameters studied here, changing the geographic patterns previously observed for the variation of these parameters in A. longinaris.