• Categories
  • Archives

In 6 Years, 3 Million Brazilians Left Poverty Behind

Rocinha favela in Rio de Janeiro, Brazil In Brazil, three million people crossed the poverty threshold over the last six years in the six main metropolitan regions of Brazil, resulting in an 8.8% reduction in poverty percentages. The figures are included in the study Poverty and Riches in Metropolitan Brazil.

The research work was disclosed July 5 by the Brazilian Institute of Applied Economic Research (Ipea), considering figures for the capital cities of São Paulo, Rio de Janeiro, Recife, Salvador, Belo Horizonte and Porto Alegre.

The number of poor people, which was 14.3 million in 2002, rose to 15.4 million in 2003 and has been falling steadily since, reaching 11.3 million this year. In terms of percentages, the evolution was the following: 32.9% in 2002, 35% in 2003 and falling figures form then on, to the current 24.1%.

The main reasons, according to the Ipea, are economic growth, minimum wage raises and federal government income transfer programs.

The level of indigence followed the same rhythm. It was 12.7% in 2002 (5.5 million people), climbed to 13.7% in 2003 (6 million) and is now at 6.6% (3.1 million).

In 2003, the percentage of richest families, with monthly income of over 40 minimum wages, suffered a 20% reduction, returning to growth starting in 2005. According to the Ipea, last year the percentage was at the same level as in 2002 and, this year, the tendency is for it to remain stable.

The study shows, however, that "all these positive figures with regard to poverty have not evolved into productivity gains, due to the economic stability and to gains from higher minimum wages."

According to the Ipea, "the owners of means of production may be taking hold of a larger share of national income."

ABr

Tags:

  • Show Comments (2)

  • João da Silva

    [quote]WHAT DID THEY MOVE TO ECUDOR

    OR FLED TO THE US OR EU[/quote]

    Nope. They all relocated to Zimbabwe 🙂

  • forrest allen brown

    ???????????????????
    WHAT DID THEY MOVE TO ECUDOR

    OR FLED TO THE US OR EU

Your email address will not be published.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

World Bank Helps Improve Slums in Brazil

The World Bank plans to expand its investments in urban infrastructure all around the ...

Guiní©-Bissau Once Again Gets Brazil’s Helping Hand

Technicians from the Brazilian government statistical bureau (Instituto Brasileiro de Geografia e EstatÀ­stica) (IBGE) ...

Brazil’s Vivo Gets Intellisync for Its Wireless Email

California-based Intellisync Corporation, a leading developer and marketer of wireless email and mobile software, ...

Brazil’s Development Bank to Fund US$ 34 Billion in Projects This Year

Brazil's BNDES (National Bank for Economic and Social Development) should end 2007 having loaned ...

NSI, the Brazilian Software Firm that Was Also Born in a Garage

How many company success stories began in a garage? Microsoft and Apple, for example, ...

Brazil Calls for Total Ban on Nuclear Weapons

“As long as you do not have complete disarmament, which is what Brazil favors, ...

Brazil Still Ambivalent on Adopting Genetically Modified Crops

Brazilian legislation permits the cultivation of one type of genetically modified (GM) soy and ...

Frei Betto’s Hotel Brasil: A Gripping Mystery That Will Keep You Guessing

Frei Betto (born Carlos Alberto Libânio Christo) is a well-known figure both in literary ...