Income Inequality In Brazil Statistics
Brazil income distribution income share held by second 20.
Income inequality in brazil statistics. Its gdp growth in 2010 was 7 5. Compared to its neighbors brazil is 35 years behind uruguay and 30 behind argentina. Brazil has been tackling problems of income inequality despite high rates of growth. As the graph below shows over the past 36 years this indicator reached a maximum value of 7 90 in 2015 and a minimum value of 5 00 in 1989.
Brazil s gini coefficient a measure of income inequality has slowly decreased from 0 596 in 2001 to 0 543 in 2009. 1 complete inequality latest available year. This statistic depicts data on the degree of inequality in wealth distribution based on the gini coefficient in brazil between 2000 and 2017. Income distribution of individual earnings by gini coefficient 1990 2019 latin america.
In recent decades there has been a decline in inequality for the country as a whole. Revenue statistics in latin america and the caribbean 2020 publication. Income inequality 0 complete equality. Historically brazil has had one of the highest levels of inequality in the world.
75 yrs at the current rate inequality is decreasing in brazil it will take the country 75 years to reach united kingdom s current level of income equality and almost 60 years to meet spanish standards. Wealth inequality based. The value for income share held by second 20 in brazil was 7 40 as of 2017. Inequality of income distribution in china based on the gini index 2009 2019 u s.
Brazil s income inequality in 2018 reaches its highest level since the start of the national statistics series in 2012 reflecting an economic downturn that s taken an outsized toll on the poor. 7 compares the top 1 income share in brazil and in the three most unequal countries in the world wealth and inequality database as of april 2017. Argentina colombia and south africa. Annualized growth in real per capita median income or consumption expenditure circa 2011 2017 4 circa 2018 population total millions.
In 1989 for example brazil had a gini coefficient of 0 63 making it the second most unequal country in the world narrowly behind sierra leone 1 however inequality has fallen in brazil every year since 2001.