Category: Economy

Brazil’s HDI indicators on the rise

Brazil’s Human Development Index (HDI) increased from 2016 to 2017. It rose from 0.776 to 0.778, according to a study published by the Fundação João Pinheiro (FJP), the Institute for Applied Economic Research (IPEA – Instituto de Pesquisa Econômica Aplicada) and the United Nations Development Program (UNDP).

The number of “billionaire” cities on the rise in Brazil

While a large majority of Brazilian cities are in the red, other municipalities are doing like a charm. They are even more likely to have exceeded one billion reais in revenue, according to the latest study by the Municipal Information Observatory.

Tax domicile in Brazil

Brazil has adopted, since 1995 (Law 9.249), the principle of universality of income. This means that all income of people residing in Brazil for tax purposes, including those received abroad, is subject to income tax.

São Paulo’s GDP equivalent to that of 4,305 Brazilian cities

699.3 billion reais. This was the gross domestic product (GDP) of the city of São Paulo alone in 2017, equivalent to those of 4,305 other municipalities in Brazil, according to data from the Brazilian Institute of Geography and Statistics (IBGE). revealed this Friday.