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LATIN AMERICA / THE CARIBBEAN
Potential increase in poverty
Latinamerica Press
4/19/2016
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According to ECLAC, 175 million people are living in poverty.

The Social Panorama of Latin America 2015, released on Mar. 22, revealed that by the end of 2015, 175 million people were living in situation of poverty. That is, 29.2 percent of the 600 million inhabitants of the region.

The 2015 edition of Social Panorama of Latin America, prepared by the Economic Commission for Latin America and the Caribbean (ECLAC), analyses poverty trends and examines changes in income distribution and in other aspects of inequality.

Although, “poverty and indigence rates measured by income held steady in Latin America in 2014 versus the prior year (at 28.2% and 11.8% of the region’s population, respectively), both are estimated to have increased in 2015,” the study said.

“In absolute terms, the number of people in situations of poverty grew by around two million in 2014 compared with 2013, totaling 168 million persons, of whom 70 million were indigent,” ECLAC indicated. “According to the organization’s projections, in 2015 the regional poverty rate likely rose to 29.2% of the region’s inhabitants (175 million people) and the indigence rate to 12.4% (75 million people).”

The increase in the number of poor people verified in 2014 “occurred basically among the non-indigent poor.”

Alicia Bárcena, Executive Secretary of ECLAC, said during the presentation of the report that “if we want to achieve the first Sustainable Development Goal, which calls for putting an end to poverty in all its forms, Latin America must create more quality employment, with rights and social protection, safeguard the minimum wage and protect social spending, which is showing a slower pace of growth.” —Latinamerica Press.

LATIN AMERICA
Poverty and indigence indicators 2014
Country
Poverty
Indigence
Honduras
62.8
39.7
Guatemala
59.3
23.4
Mexico
53.2
20.6
Bolivia*
39.1
18.8
Dominican Rep.
35.5
7.2
Venezuela*
32.1
9.8
El Salvador
31.8
7.6
Nicaragua
29.6
8.3
Colombia
28.5
8.1
Panama
25.8
11.0
Peru
22.7
4.3
Paraguay
22.6
10.5
Ecuador
22.5
7.7
Costa Rica
22.4
6.7
Chile*
14.4
4.5
Uruguay
9.7
0.3
Brazil
7.0
2.5
Argentina
4.7
1.4

*2013 / Argentina, urban only.

Source: ECLAC


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