The Economic Commission for Latin America (ECLA) -the Spanish acronym is CEPAL, has released this study yesterday, excerpts follow below. For a copy of the full report, please use the link at the end.
Poverty and Indigence Levels Are the Lowest in 20 Years in Latin America
(29 November 2011) Today, the Economic Commission for Latin America and the Caribbean (ECLAC) reported that between 1990 and 2010 the poverty rate in Latin America dropped by 17 percentage points (from 48,4% to 31,4%) , while the indigence rate fell by 10.3 percentage points (from 22,6% to 12,3%). Therefore, both indicators are at their lowest levels in 20 years.
The publication Social Panorama of Latin America 2011 presented in Santiago, Chile, by the Executive Secretary of ECLAC, Alicia Bárcena, states that the poverty level will drop to 30.4% in 2011, while the indigence rate will increase slightly to 12.8% because the rise in food prices would counteract the predicted rise in household incomes.
This means that the region will close this year with 174 million inhabitants living in poverty, 73 million of which are living in extreme poverty or indigence. In 2010, there were 177 million poor, 70 million of which were living in indigence.
[unfortunately some of Bolivia’s data in this and other studies continues to be lacking; we need to change this if we want to be able to compare among years or even with other countries]
According to ECLAC, the decrease in poverty is primarily due to an increase in labour income. Public monetary transfers also contributed, but to a lesser extent.