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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%.
Central America: Upper middle income 53.2 1999 53.26 1999 Bolivia: South America: Lower middle income 40.9 2021 40.91 2021 Brazil: South America: Upper middle income 52.0 2022 51.40 2022 Barbados: Caribbean: High income 32.00 2017 Brunei: South-eastern Asia: High income 56.40 1981 Bhutan: Southern Asia: Lower middle income 28.5 2022
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 nations by estimated GDP (PPP) in 2023 [1] Rank Nation GDP (PPP) in International Dollars Total (billions) Per capita 1 Brazil: 4,101.022 20,079 2 Mexico: 3,277.601 24,796 3 Argentina: 1,239.515 26,506 4 Colombia: 1,016.124 19,482 5 Chile: 597.520 29,935 6 Peru: 548.465 15,894 7 Dominican Republic: 273.703 ...
The IHDI, estimated for the world and specific countries, captures the losses in human development due to inequality in health, education and income. Losses in all three dimensions vary across countries, ranging from just a few percent (e.g. Czech Republic and Slovenia) up to over 40% (e.g. Angola and Comoros). Overall loss takes into account ...
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).
Over 300,000 migrants crossed the Darien Gap into Panama in 2024, 42% fewer than the record number who made the perilous jungle crossing from South America a year earlier, Panama's migration ...
This is a list of Latin American and Caribbean countries by gross domestic product (nominal) in USD according to the International Monetary Fund's estimates in April 2024 World Economic Outlook database. Cuba is not included in the list due to lack of economic data.