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The country's richest 1% of the population (less than 2 million Brazilians) have 13% of all household income, a similar economic result to that of the poorest 50% (about 80 million Brazilians). This inequality results in poverty levels that are inconsistent with an economy the size of that of Brazil. [1] The country's GDP growth in 2010 was 7.5 ...
This is a list of countries and territories by income inequality metrics, as calculated by the World Bank, UNU-WIDER, OCDE, and World Inequality Database, based on different indicators, like Gini coefficient and specific income ratios. Income from black market economic activity is not included.
Along with the problem of poverty, Brazil is among the ten most unequal countries in the world, according to the Institute of Applied Economic Research (Ipea) of Brazil. Brazil has 0.539 by the Gini index, based on 2018 data. It is among the ten most unequal countries in the world, being the only Latin American in the list where Africans appear.
Slums on the outskirts of a wealthy urban area in São Paulo, Brazil, are an example of inequality common in Latin America. Wealth inequality in Latin America and the Caribbean refers to economic discrepancies among people of the region. A report release in 2013 by the UN Department of Economic and Social Affairs entitled Inequality
This is a list of countries by inequality-adjusted Human Development Index (IHDI), as published by the UNDP in its 2024 Human Development Report.According to the 2016 Report, "The IHDI can be interpreted as the level of human development when inequality is accounted for", whereas the Human Development Index itself, from which the IHDI is derived, is "an index of potential human development (or ...
During the economic crisis, high unemployment rates were reported throughout the country, and there was widespread uncertainty regarding Brazil's economic future following a series of political scandals. [3] In the first quarter of 2017, Brazil's GDP rose by 1%. This was the first GDP increase to occur in eight consecutive quarters.
Economic inequality is an umbrella term for a) income inequality or distribution of income (how the total sum of money paid to people is distributed among them), b) wealth inequality or distribution of wealth (how the total sum of wealth owned by people is distributed among the owners), and c) consumption inequality (how the total sum of money spent by people is distributed among the spenders).
Income disparity is a major source of social inequality in Brazil. In 2001, Brazil had a relatively high Gini coefficient of 0.59 for income disparity, meaning that the disparity between the incomes of any two randomly selected Brazilians was nearly 1.2 times the average.