The persistence of poverty remains one of the critical obstacles to sustainable and more inclusive development in Latin America and the Caribbean. The need to end poverty in all its forms, and thus fulfil the 2030 Agenda for Sustainable Development, has been widely recognized by the countries of the region.
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| Report location: | source |
| Language: | English |
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| Geographic focus: | Latin America |
| Page count: | 254 páginas. |
The methodology used by ECLAC to estimate poverty involves classifying a person as “poor” when the per capita income of their household is below the poverty line. Poverty lines represent the level of income that enables households to meet basic needs. These lines are updated annually according to the consumer price index, and poverty rates are obtained by comparing the value of poverty lines with the total per capita income of each household.
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Since 2015, poverty and extreme poverty have increased in Latin America, with the trend slowing between 2017 and 2018. However, levels of poverty and extreme poverty in 2018 were higher than those recorded between 2012 and 2015. Projections for 2019 suggest a further increase in both poverty and extreme poverty in the regional aggregate. The increase in poverty since 2014 is mainly due to rising poverty in the Bolivarian Republic of Venezuela and Brazil. In Central America, poverty has declined since 2014, while in South America (excluding Venezuela and Brazil), poverty fell until 2017 but slightly increased in 2018.
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