March 10, 2014
ECLAC: Argentina has lowest poverty rates in the region
The UN Economic Commission for Latin America and the Caribbean (ECLAC) has revealed Argentina has the lowest poverty rates and the second lowest indigence levels in the region, followed by neighboring Uruguay.
According to the ECLAC report, Argentina has managed to reduce poverty from 5.7 percent to 4.3 percent from 2011 to 2012. Considering the 2005 rates -30.6 percent-, poverty rates have dropped by 26.3 percent over the past seven years.
Regarding wealth distribution figures, South America’s N° 2 economy also tops the list of countries with better outcomes with a 1-percent reduction in inequality for the same period even with the world still struggling to overcome the financial crisis.
Overral, the region shows downward trends as well.
Uruguay’s rates were of 5.9 percent followed by Costa Rica’s 17.8 percent and Brazil’s 18.6 percent.
The report also indicates that 164 million people will be struggling to meet their basic needs in Latin America and the Caribbean by the end of 2013, accounting for 27.9 percent of the total regional population.