Income Inequality In Brazil

In 2018 the richest 10 of brazilians accounted for 43 1 of national income up from 41 4 in 2015 according to the statistics institute.

Income inequality in brazil. Its gdp growth in 2010 was 7 5. It would take 19 years for a brazilian on minimum wage to earn as much as the top 0 1 percent makes every month according to ngo oxfam international. To eradicate this social problem the government has come out with the brazil without misery program. Additionally data from the brazilian institute of geography and statistics ibge shows that 54 8 million brazilians live below the poverty line.

The central part of the program is the bolsa familia cash transfer program started in 2003 which gives low income families cash from 15 to 95 per month according to per capita income. Brazil has been tackling problems of income inequality despite high rates of growth. I in recent decades there has been a decline in inequality for the country as a whole. However the numbers still point to a rather significant problem of income disparity.

At the top the average yield was r 27 744. The poorest 30 of brazilian earners saw their incomes fall from 2017. In the poorest half r 820. The country s high income concentration is depicted by the richest one per cent of the popula.

In recent decades there has been a decline in inequality for the country as a whole. The average monthly income of the richest 1 of the brazilian population reached in 2018 the equivalent of 33 8 times the income of the poorest 50. The program also faces criticisms from right wing polemicists who equate these cash transfer programs with handouts that will breed complacency among. Indeed leading data show the trend of widening inequality continued into 2019 neri said.

Brazil has been tackling problems of income inequality despite high rates of growth. Brazil s gini coefficient a measure of income inequality has slowly decreased from 0 596 in 2001 to 0 543 in 2009.