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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%.
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.
South America: High income 40.6 2022 United States: Northern America: High income 41.3 2022 39.79 2022 39.6 2022 Uzbekistan: Central Asia: Lower middle income 31.2 2022 35.27 2003 Saint Vincent and the Grenadines: Caribbean: Upper middle income 40.00 2008 Venezuela: South America — 44.7 2006 37.80 2014 Vietnam: South-eastern Asia
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.
A report released today by the Economic Cooperation and Development shows that among 30 of the world's nations, the United States has the highest rate of "income inequality." This is, of course ...
Map of the Latin American countries by Human Development Index in 2021. The Human Development Index (HDI) is a summary measure of average achievement in key dimensions of human development: a long and healthy life, knowledge, and a decent standard of living. It is a standard means of measuring well-being.
Access to higher education in Latin America shows a massive gap when it comes to income distribution in many Latin American countries. [23] Although higher education is not new to the region; indeed, many institutions date back hundreds of years, but the noticeable growth spurt in the area of higher education has been more recent.
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