Number of poor in Brazil grows by two million
DeeperDive is a beta AI feature. Refer to full articles for the facts.
[BRASÍLIA] The number of people living in poverty in Brazil grew by two million last year in the wake of the country's worst recession on record, according to the government statistics bureau.
The figure, going from 52.8 million poor in 2016 to 54.8 million in 2017, meant 26.5 per cent of the country was below the poverty line, the Brazilian Geography and Statistics Institute (IBGE) said in a statement.
The data relies on the definition of poverty given by the World Bank, which is when a person lives with less than the equivalent of US$5.50 per day.
The number of Brazilians living in extreme poverty - calculated at less than US$1.90 per day - rose from 13.5 million in 2016 to 15.2 million in 2017, representing 7.7 per cent of the population.
Brazil, Latin America's most populous country with 208 million inhabitants, suffered its worst-ever recession between 2014 and 2016.
Last year it returned to growth, but only timidly.
Navigate Asia in
a new global order
Get the insights delivered to your inbox.
The IBGE statement said unemployment rose from 6.9 per cent to 12.5 per cent between 2014 and 2016. The latest figures, dating from October this year, show it has declined to 11.7 per cent.
The agency noted a gender wage gap, with men on average earning 29.7 per cent more than women. But that was overshadowed by a wage difference based on race - in 2017, white Brazilians earned an average 72.5 per cent more than black or part-black Brazilians.
AFP
Share with us your feedback on BT's products and services
TRENDING NOW
StarHub hands Ensign InfoSecurity control back to Temasek in S$115 million deal, books S$200 million gain
Singaporeans can now buy record amount of yen per Singdollar
Air India asks Tata, Singapore Airlines for funds after US$2.4 billion loss
Keppel DC Reit posts 13.2% higher Q1 DPU of S$0.02833 on strong portfolio performance