Income inequality in Brazil falls to the lowest level in 11 years – 05/12/2023 – Economy

2023-05-12 17:09:00

With the expansion of Auxílio Brasil to R$ 600 on the eve of the elections and the creation of jobs, income inequality between rich and poor fell in 2022, the last year of the Jair Bolsonaro government, to the lowest level in the series history that began in 2012, according to data released this Thursday (11) by the Brazilian Institute of Geography and Statistics

The gap between the extremes of the population is measured by the Gini index, which ranges from 0 (maximum equality) to 1 (maximum inequality).

In 2022, the Gini of family income per person fell to 0.518, the lowest level in the series in 11 years, after rising to 0.544 in 2021.

Despite the fall, the index remains at a high level compared to other countries, according to the IBGE.

The per capita family income of the poorest half of the population increased by 18% last year, to R$ 537 per month. Meanwhile, the median earnings of the richest 1% of Brazilians was R$ 17,447. All values ​​are in real terms, that is, they are adjusted for inflation.

_{Translated by AZAHARA MARTIN ORTEGA}

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