Economy

WORLD BANK: PARAGUAY’S POVERTY DROPPED 39% FROM 2002 TO 2010

Octubre 25th 2012 | Postado por Braspar

According to the last World Bank studies, Paraguay reduced poverty index from 52.1% in 2002 to 30% in 2010, as extreme poverty fell to 7.2%, from its 15.2% in the same period, what means about 50% extreme poverty reduction.
World Bank’s studies considers in poverty people who live with until USD 4.00 day, and extreme poverty, people who live with until USD 1.25 daily.


That means Paraguay reached a lower poverty level than Bolivarian countries as Venezuela – 31.9%-, Ecuador – 33.7%- and Bolivia – 48.1%-, and reached almost the same levels of countries with high state income distribution, such as Brazil, which poverty reached 27.6% in 2009.
Paraguayan extreme poverty as well was in the same level of Brazil.
Poverty index in South America World Bank Data
Country Total Poverty Reduction Poverty Reduction System
2002 2010
Bolivia 58.1% 48.1% (08) -18% State Income Distribution
Brazil 42.2% 27.6% (09) -34,6% State Income Distribution
Colombia 48.5% 25.8% -46.8% Work & Investment
Ecuador 51.5%(03) 33.7% -34.6% State Income Distribution
Paraguay 52.7% 30% -43.1% Work & Investment
Peru 50.3%
33.8% -32.9% Work & Investment
Venezuela
58.8% 31.9%
-45.8%
State Income Distribution

Paraguayan Poverty Reduction Model
Paraguay has reduced poverty past decade through a model of fast industrialization process, and agribusiness export, as well as improvement of public and private services.
Through this model, the local currency Guarany (G$) was revaluated in 25% over the US$, and worker’s income raised 138%, in US$, allowing the inhabitants to shop goods and even services in good prices

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