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Northern America: High income 35.40 2018 Guatemala: Central America: Upper middle income 48.3 2014 48.28 2014 Guyana: South America: High income 45.0 1998 35.00 2006 Hong Kong: Eastern Asia: High income 42.00 2016 Honduras: Central America: Lower middle income 48.2 2019 48.10 2021 Croatia: Southern Europe: High income 28.9 2021 28.92
According to a study by the World Bank, the richest decile of the population of Latin America earn [14] 48% of the total income, while the poorest 10% of the population earn only 1.6% of the income. In contrast, in developed countries, the top decile receives 29% of the total income, while the bottom decile earns 2.5%.
These figures have been shrunk after the application of the income tax. In certain countries, actual incomes may exceed those listed in the table due to the existence of grey economies. In some countries, social security, contributions for pensions, public schools, and health are included in these taxes.
Latin American and the Caribbean countries by GDP per capita PPP (2019). This is a list of Latin American and the Caribbean countries by gross domestic product at purchasing power parity in international dollars according to the International Monetary Fund 's estimates in the October 2023 World Economic Outlook database.
Rank Richer country GDP (PPP) per capita [1Year Poorer country GDP (PPP) per capita [1Year Ratio [2] Continent/ Region 1 Saudi Arabia 54,800: 2017 est. Yemen 1,300: 2017 est. 42.154
Measures of personal income include average wage, real income, median income, disposable income and GNI per capita. Comparisons of GDP per capita are also frequently made on the basis of purchasing power parity (PPP), to adjust for differences in the cost of living in different countries, see List of countries by GDP (PPP) per capita .
The table below is for 2008, 2018, 2019 and 2021.The GDP data is based on data from the World Bank. [3] The population data is based on data from the UN. [4] The Wealth Gini coefficients from 2008 are based on a working paper published by the National Bureau of Economic Research.
Countries in Latin America have a Gini coefficient above 0.5 and Corak's scores between 0.5 and 0.6. [21] Interesting research was done focusing on Latin America. The levels of economic inequality in Latin American are enduring and abnormally high in comparison with other parts of the world (Lopez-Calva and Lustig, 2010).