• Categories
  • Archives

Top 5% Weathiest Brazilians Lose 0.3% of Their Fortune

Brazil’s Minister of Labor, Luiz Marinho, says that the fall in economic inequality shown in the 2004 Household Survey (Pesquisa Nacional por Amostra de DomicÀ­lios) (Pnad), shows that Brazil is on the right track of development.

The survey was conducted by the government statistical bureau (Instituto Brasileiro de Geografia e Estatí­stica) (IBGE) and according to Marinho reflects the fact that it is possible for income distribution to occur even for very poor families that have always been beyond the reach of the benefits of citizenship.

The survey found that there was a drop of 0.3% in the wealth of the country’s richest 5%, while there was an increase of 3.2% in the wealth of the country’s poorest 50%.

With regard to the country’s mininum wage, now at R$ 300 (US$135), Marinho said he was in favor of a policy that would guarantee permanent increases in the purchasing power of the minimum wage. But he added it was going to be difficult to raise it to 400 reais (US$ 181) next year.

The United Nations Human Development Report, released in September, analyzed 177 countries and concluded that Brazil ranks eighth (from worst to best) in terms of social inequalities.

The report shows that 46.9% of the Brazilian income is concentrated in the hands of the wealthiest 10% of the population.

"There are only five countries in which the poorest 10% of the population commands a smaller share of national income than poor Brazilians do (0.7%). [They are]Venezuela and Paraguay (0.6%), and Sierra Leone, Lesotho, and Namibia (0.5%)," the document informed.

First on the list of the world’s most unequal countries, in which income is most unevenly distributed, is Namibia, in Africa, followed by five other African countries: Lesotho, Botswana, Sierra Leone, the Central African Republic, and Swaziland. Seventh place is held by a Central American country, Guatemala.

A country’s degree of social inequality is determined by the Gini coefficient, named after Corrado Gini, the Italian statistician, demographer, and sociologist who developed the index in the early part of the 20th century.

ABr

Tags:

  • Show Comments (0)

Your email address will not be published. Required fields are marked *

comment *

  • name *

  • email *

  • website *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Ads

You May Also Like

Leprosy Still a Plague in Brazil

Brazil is second, after India, for the total number of cases of leprosy in ...

Africans Want Brazil at Their Side for World Cup

Africans hope to count on Brazil’s support for the 2010 World Soccer Cup, which ...

Humberto de Campos: An Old Brazilian Poet Gets New Life in Print

The third edition of "In the shade of the date trees: oriental tales" (À€ ...

No Indian Candidate, Among 24, Won in Brazil’s October 1st Election

In the elections held on October 1st, in Brazil, five indigenous people ran for ...

25 per 100,000: Brazil’s Per-Capita Homicide Rate Is Three Times the World Average

Earlier this year, in September, the United Nations released a report on Brazilian arbitrary, ...

Brazil Starts Curb on Chinese Textiles

An agreement which limits the export of some Chinese textile products to Brazil goes ...

Brazil Lets Airlines Offer Discounts on International Flights

The Brazilian government is starting to loosen its grip on international airline tickets including ...

Lula’s Ex-Chief of Staff, Vows He Won’t Resign from Brazilian Congress

Brazilian Federal deputy José Dirceu (PT-São Paulo state) presented the Ethics Council of the ...

Record Exports for Chicken and Pork in Brazil

Brazilian exports of chicken rose to a new record 252,623 tons in August, 30.4% ...

Unemployment Down in Brazil, Production Too

Brazil’s unemployment rate reveals a firm downward trend, which should become more solid over ...