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:

You May Also Like

Conquering the Middle East and Africa with Brazilian Sugar and Spice

To guarantee the opening of markets in the Middle East and North Africa, group ...

Brazil Releases 3,000 Plant Species Names to Prevent Biopiracy

In commemoration of World Biodiversity Day, which happened Monday, May 22, the Brazilian government ...

Brazil: Picking Up the Pieces After Tragic Deluge

The Camará dam in the state of Paraíba, Brazil, was built two years ago ...

Sugar Cane fields forever in Brazil

While the American Dream Is Outsourced Brazil Drives the World into the Future

Never in the history of the world have we had an economic revolution similar ...

Brazilian Finance Minister Compares Global Crisis to 1929 Crash

Brazil's Finance minister, Guido Mantega, believes that the Brazilian economy should suffer a little ...

Awash in Cash, Brazil’s Petrobras Dreams of Becoming an OPEC Member

Petrobras, Brazil’s state-owned oil company, has plans to spend US$ 12.1 billion in projects ...

Covering It All

Brazil is in the midst of a law-writing fever. Traffic, pensions, environment, civil service, ...

Shame, proclaims frontpage of Jornal do Brasil with Zidane eating a little canary, symbol of Brazil's national team

Brazil’s Fainthearts Let the Nation Down

"These guys don’t play with their hearts. They only play for money," was the ...

Another Scary Day in Brazil: Markets Down 11%

Brazilian shares plummeted more than 10% on Wednesday, October 15, triggering a trading halt, ...

WordPress database error: [Table './brazzil3_live/wp_wfHits' is marked as crashed and last (automatic?) repair failed]
SHOW FULL COLUMNS FROM `wp_wfHits`