Corruption Perception Index of Brazil
Brazil received a score of 38 on the 2020 Corruption Perceptions Index, an increase of three points when compared with the previous year (2019). Brazil's corruption perception score rose by one point between 2010 and 2020.
Brazil fares poorly in comparison to other nations in the 2020 corruption perception index. The index score for Brazil has risen from a low of 37 in 2010 to a high of 38 in 2020.
Corruption in Brazil exists in all spheres of society, from the highest levels of government to the villages. The constitution is harmed by corruption because of social exclusion and economic inequality while reducing public spending on housing, security, infrastructure, health care, and other rights important to its citizens. Brazil's economy suffers annual losses from the corruption at an estimated 1%-4% of its GDP.
Outlook on Corruption Perception Index
Since 1995, the international non-governmental Transparency International organization has measured the Corruption Perception Indicator (CPI), a composite index, which tracks the degree of perceived corruption in the public sector by individuals and certain organizations. Results are rated from 0 to 100, with 0 denoting very corrupt behavior and 100 denoting behavior that is remarkably free from it.
Denmark, New Zealand, Finland, Singapore, Sweden, and Switzerland are some of the leading nations with the lowest levels of corruption globally. In 2020, Finland, Switzerland, Singapore, and Sweden came in second with a score of 85, while Denmark and New Zealand had the highest score of 88. With a score of 12 out of 100 in 2020, Somalia and South Sudan are among the nations with the highest levels of corruption in the world.
Determinants of Corruption Perception Index
Political and Economic Environment:
Monetary policy is influenced by the political and economic environment, which also has a significant impact on the corruption phenomenon.
Level of GDP:
It has been shown that countries with relatively low GDP per capita levels often have higher levels of corruption. Apart from that, early developing countries frequently have lower corruption rankings.
Country Size:
Countries with low population densities and broad geographic areas are more susceptible to corruption because it is challenging to police public officials in dispersed locations.
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