In 6 Years, 3 Million Brazilians Left Poverty Behind

    Rocinha favela in Rio de Janeiro, Brazil

    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    Your email address will not be published.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 *

    Ads

    You May Also Like

    Brazil Wants More Nations in the Club of Ten

    The free trade agreement between the countries of the Mercosur and the Andean Community, ...

    The Search for Intelligent Life on Planet Brazil

    No one seems to be seriously considering cooperation across party lines on a grand ...

    British Minister in Brazil. WTO Main Theme in the Agenda.

    Ian Pearson, British Minister of Trade, Industry, and Investment, arrives in Brazil today to ...

    From Slaves to Immigrants

    The search for a replacement for slave labor in Brazil began in earnest in ...

    US general Douglas Fraser

    Keep the US Out of This. Let South America Deal With Colombia-Venezuela Dispute

    In March I wrote about the Obama administration’s contribution to the election campaign under ...

    A gas pipeline in Venezuela

    Chavez Says Venezuela-Brazil Gas Pipeline Has Been Frozen by Partners

    Venezuela's Hugo Chavez said he felt disappointed that his jumbo gas pipeline proposal to ...

    Genival Inácio da Silva, Brazilian president's brother

    Brazil’s First Brother Used Lula’s Name to Get Mafia Money, Say Police

    Brazilian police have formally accused a brother of President Luiz Inácio Lula da Silva ...

    We’ve Tried the Rest. How About a Messiah Now for President of Brazil?

    Brazil has had in modern times citizens of the most varied tendencies occupying the ...

    Ecuador Offers Brazil the Pacific In Exchange for the Atlantic

    The Ecuadoran Minister of Economy, Rafael Correa, suggested a cooperation agreement in which Brazil ...