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

Brazilian Minister in Israel to Develop Bilateral Trade

Brazil’s Minister of Development, Industry, and Foreign Trade, Luiz Fernando Furlan, leaves Cyprus today ...

UK Prosecution Refusal to Charge Killers of Brazilian Angers Dead’s Family

Following British prosecutors refusal to bring charges over the death of Brazilian citizen Jean ...

Brazil Takes Works by 25 Classy Artisans to German Museum

Brazilian handicraft won a highlighted spot in the country of the World Cup between ...

Brazil: Sí£o Paulo and Rio Have Become Quite Expensive to Live In

Thanks to a strong appreciation of the Brazilian Real against the US dollar, São ...

Like in the Movies: Robbers Tunnel into US$ 65 Million from Brazil’s Central Bank

A group of robbers stole a record 65.2 million US dollars by tunneling into ...

Consumption in Brazil Grows 3.1%

Since March, 2004, Brazilian families have been consuming more. This finding is part of ...

240 Indians Murdered in Brazil in Last 10 Years

With the murder of Dorvalino Rocha, a Guarani Kaiowá leader from the Nhande Ru ...

While the World Burst Its Bubble, the Good Times for Brazil’s Real Estate Have Just Started

It’s been over 3 years since the majority of the developed world’s housing markets ...

Brazil Identifies Four Suspects in US Nun Murder

Four men suspect of having murdered Dorothy Stang, a 74-year-old American Catholic nun working ...

Brazil Gerdau Invests US$ 1.4 Billion for Six-Fold Expansion of Siderperíº

Brazilian Gerdau company, the world's 13th largest steelmaker, wants to turn Siderperú, in Peru, ...