Brazil: Inequality down as poor see income rise

AP News
Posted: Sep 25, 2012 5:21 PM
Brazil: Inequality down as poor see income rise

RIO DE JANEIRO (AP) — A Brazil government research group says the country's large gap between rich and poor has narrowed over the last decade to the smallest difference on record.

The Institute of Applied Economic Research says the poorest 10 percent of Brazilians saw their per capita income go up 91 percent between 2001 and 2011. By contrast, the richest 10 percent's income increased less than 17 percent.

Overall, 21.8 million Brazilians rose out of poverty during the period, leaving 10 percent of the country's 192 million people living in poverty.

Institute president Marcel Neri says Brazil's steady economic growth and the robust increase in income for the poorest has reduced inequality, but he says the country's income gap still remains the world's 12th widest.

The report was released Tuesday.