Household income per capita reaches R$ 1,500 in Piauí; 9th lowest in the country, says IBGE
Piauí's per capita household income stands at R$ 1,546, significantly lower than the national average, making it the 9th lowest in Brazil.
According to the Brazilian Institute of Geography and Statistics (IBGE), Piauí has reported a per capita household income of R$ 1,546, as revealed in a survey released on Friday. This figure is approximately 33% lower than the country's average of R$ 2,316, placing Piauí in 19th position in terms of household income across Brazil. In the Northeast region, the state's income is lower than that of Rio Grande do Norte, Sergipe, and Pernambuco, highlighting the economic challenges faced by the area.
The per capita household income is a crucial indicator used for the distribution of the State Participation Fund, which is significant for state funding and resource allocation. The income calculations include all income sources such as wages, pensions, and support from relatives, providing a comprehensive view of the economic conditions of the residents. Notably, it incorporates various income types, accounting for retirees and domestic workers, ensuring a holistic assessment of the demographics involved.
The data reflects continuing economic disparities within Brazil, particularly among the Northeastern states. With Piauí being one of the states with the lowest income per capita, this report raises concerns about the overall economic wellbeing of its residents and underscores the necessity for policy interventions aimed at improving income levels in the region. Such insights also serve to inform local government strategies for economic development and social welfare improvements.