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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
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 ...
"These gaps didn’t spring up by accident. There were explicit policy choices in the past, like redlining and exclusion from investment,” said one economist. Income gap unchanged by pandemic ...
The World Bank's Gini coefficient indicates that income inequality in Bolivia, estimated on the basis of size-adjusted household data, increased by almost ten percentage points between 1992 (49.1) and 1997 (58.2), where a value of 100 percent corresponds to the maximum income inequality and a value of zero percent to the minimum.
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).
Read more: One dozen eggs in America now costs $4.15 — and $14.35 for a pound of sirloin steak. Both record highs. Both record highs. 3 simple ways to protect your wealth in 2025
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 ...