Income inequality in Brazil
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Brazil has been tackling problems of income inequality despite high rates of growth. Its GDP growth in 2010 was 7.5%.[1] In recent decades, there has been a decline in inequality for the country as a whole. Brazil's GINI coefficient, a measure of income inequality, has slowly decreased from 0.596 in 2001 to 0.543 in 2009.[2] However, the numbers still point to a rather significant problem of income disparity.
This article needs to be updated. (December 2018) |
The country's high income concentration is depicted by the richest one per cent of the population (less than 2 million people) having 13 percent of all household income. This percentage is similar to that of the poorest 50 per cent - about 80 million Brazilians. This inequality results in poverty levels that are inconsistent with an economy the size of that of Brazil.[3]