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Some Recent Brazil Economic Facts

Some Recent Brazil Economic Facts. Professor Amtmann June 2013. Change in Distribution of Income. Income gap shrunk by 6% between 2001-2006 Largest change in South America Top 10% of earners income Rose 7% between 2001 and 2006 Bottom 10% Rose 58% in same period

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Some Recent Brazil Economic Facts

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  1. Some Recent Brazil Economic Facts Professor Amtmann June 2013

  2. Change in Distribution of Income • Income gap shrunk by 6%between 2001-2006 • Largest change in South America • Top 10% of earners income • Rose 7% between 2001 and 2006 • Bottom 10% • Rose 58% in same period • According to Marcelo CôrtesNeri, the director of the Center for Social Policies at the Getulio Vargas Foundation in Rio de Janeiro

  3. Change in Distribution cont. • Wages for Brazil’s poorest workers grew an impressive 29.2 percent between 2009 and 2011, and during the same period, the average income of the general labor force grew 8.3 percent. http://www.forbes.com/sites/kenrapoza/2012/09/25/in-brazil-the-poor-get-richer-faster

  4. The GDP value of Brazil represents 3.99 percent of the world economy.

  5. Top 10 States GDP in Brazil http://en.wikipedia.org/wiki/List_of_Brazilian_states_by_gross_domestic_product

  6. Comparative Numbers 2008

  7. Comparative Numbers 2012

  8. GINI Index • US GINI Index 2011 0.477 Growing at .004/ year • Brazil GINI Index 2011 0.511 Declining at .006/ year • A measurement of the income distribution of a country's residents. This number, which ranges between 0 and 1 and is based on residents' net income, helps define the gap between the rich and the poor, with 0 representing perfect equality and 1 representing perfect inequality.

  9. Brazilian wealth

  10. Brazilian Wealth cont. • Unlike China and India, Brazil’s growth story has been more about income redistribution than rapid expansion of gross domestic product. This has led to a ballooning of the lower middle class by nearly 60 per cent between 2003 and 2011, according to Professor Marcelo Côrtes Neri of the Getulio Vargas Foundation, an academic institution. Their numbers are set to grow another 12 per cent by 2014. • http://www.ft.com/intl/cms/s/0/7050c298-889b-11e1-a727-00144feab49a.html#axzz2TxEbtn2c

  11. http://www.bcb.gov.br/pec/appron/apres/2013-03-12%20-%20Pol%F4nia%20-%20V21.pdfhttp://www.bcb.gov.br/pec/appron/apres/2013-03-12%20-%20Pol%F4nia%20-%20V21.pdf

  12. Sources • Barrionuevo, Alexei, NY Times Article 31 July 2008, Strong Economy Propels Brazil to World Stage • CIA World Fact Book (online recovered21 May 2013) • http://www.economist.com/displayStory.cfm?story_id=13175859, recovered 4 June,2009 • http://www.bcb.gov.br/pec/appron/apres/2013-03-12%20-%20Pol%F4nia%20-%20V21.pdf Recovered 21 May 2013 • http://www.ft.com/intl/cms/s/0/7050c298-889b-11e1-a727-00144feab49a.html#axzz2TxEbtn2c

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