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Income Gap in Brazil Hits its Highest Recorded Level

By Arkady Petrov

RIO DE JANEIRO, BRAZIL - Income disparity among Brazilians reached the highest level ever recorded in the first quarter of 2019.

According to a study by the Brazilian Institute of Economics of the Getulio Vargas Foundation (FGV/IBRE), the index measuring inequality has been rising continually since 2015, and reached its peak in March, its highest level since the beginning of the index record-keeping in 2012.

The Gini index monitors income inequality on a scale of 0 to 1 - and the closer to 1, the higher the difference. Brazil's stood at 0.627 in March.

The . . .

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