Daily Archives: 19 September 2014

Anadolu Agency

SÃO PAULO — Brazil saw increases in unemployment and inequality in 2013, according to new official figures released Thursday by the country’s office of national statistics, the IBGE.

Brazil’s Gini Index, a measure of inequality by income distribution, rose from 0.496 in 2012 to 0.498 in 2013, where ‘zero’ represents perfect equality. The increase breaks a years-long downward trend in inequality experienced since 2001, when it was 0.563.

[Important update 19 Sept: The IBGE later announced it had made “serious errors” in some of its calculations, the most noteworthy of which being the Gini Index, which in fact fell to 0.495 in 2013. The IBGE said this still constituted a “stagnation”. The government has called for an inquiry into the errors.]

Read Full Article

Advertisements