Latin America and the Caribbean: Fact Sheet on Economic and Social Indicators

Latin America and the Caribbean: Fact Sheet on Economic and Social Indicators Dindi R. Robinson Information Research Specialist Barbara Salazar Torreon Information Research Specialist May 30, 2013 Congressional Research Service 7-5700 www.crs.gov RS22657 CRS Report for Congress Prepared for Members and Committees of Congress Latin America and the Caribbean: Fact Sheet on Economic and Social Indicators T his fact sheet tracks selected economic and social development indicators for Latin American and Caribbean countries. Table 1 and Table 2 illustrate levels of human development throughout the region. Table 3 classifies country economies by income. Table 4 lists poverty trends in selected Latin American countries. This fact sheet shows the most recent data available from the World Bank and the United Nations Development Programme (UNDP), and the United Nations Economic Commission for Latin America and the Caribbean (ECLAC). Table 1. Selected Human Development Indicators for 2012 Country Population Gross National Income (U.S. $ millions) GNI Per Capita (U.S. $) Life Expectancy at Birth, in Years Mean Years of Schooling Human Development Index (HDI) Ranka Mexico and Central America Mexico 114,793,341 $1,060,221 $9,240 77.0 8.5 57 Costa Rica 4,726,575 36,191 7,660 79.3 8.3 69 El Salvador 6,227,491 21,670 3,480 72.2 7.5 105 Guatemala 14,757,316 42,359 2,870 71.2 4.1 131 Honduras 7,754,687 15,310 1,970 73.1 6.5 121 Nicaragua 5,869,859 6,842 1,170 74.0 5.8 129 Panama 3,571,185 28,258 7,910 76.1 9.4 58 Antigua and Barbuda 89,612 1,081 12,060 72.6 8.9 60 Bahamas 347,176 na na 75.6 8.5 53 Barbados 273,925 na na 76.8 9.3 47 Belize 356,600 1,317 3,690 76.1 8.0 93 Cuba 11,253,665 na na 79.1 9.9 51 Dominica 67,675 480 7,090 77.5 7.7 81 Dominican Republic 10,056,181 52,647 5,240 73.4 7.2 98 Grenada 104,890 757 7,220 76.0 8.6 67 Guyana 756,040 na na 69.9 8.0 117 Haiti 10,123,787 7,050 700 62.1 4.9 158 Jamaica 2,709,300 13,479 4,980 73.1 9.6 79 St. Kitts and Nevis 53,051 662 12,480 73.1 8.4 72 St. Lucia 176,000 1,176 6,680 74.6 8.3 82 St. Vincent and the Grenadines 109,365 667 6,100 72.3 8.6 85 Suriname 529,419 na na 70.6 7.2 104 Caribbean Congressional Research Service 1 Latin America and the Caribbean: Fact Sheet on Economic and Social Indicators Country Population Gross National Income (U.S. $ millions) Trinidad and Tobago 1,346,350 20,249 15,040 70.1 9.2 62 Argentina 40,764,561 397,190 9,740 75.9 9.3 45 Bolivia 10,088,108 20,546 2,040 66.6 9.2 108 Brazil 196,655,014 2,107,628 10,720 73.5 7.2 84 Chile 17,269,525 212,003 12,280 79.1 9.7 44 Colombia 46,927,125 286,546 6,110 73.7 7.3 87 Ecuador 14,666,055 60,657 4,140 75.6 7.6 83 Paraguay 6,568,290 19,511 2,970 72.5 7.7 107 Peru 29,399,817 161,701 5,500 74.0 8.7 80 Uruguay 3,368,595 39,956 11,860 77.0 8.5 48 Venezuela 29,278,000 349,054 11,920 74.4 7.6 73 GNI Per Capita (U.S. $) Life Expectancy at Birth, in Years Mean Years of Schooling Human Development Index (HDI) Ranka South America Sources: The World Bank, World Development Indicators online for population, GNI, and GNI per capita; U.N. Human Development Indicators online for Life Expectancy at Birth, Mean Years of Schooling, and HDI Rank. Notes: Gross national income (GNI) from the World Bank Atlas Method is the broadest measure of national income. It measures total value added from domestic and foreign sources claimed by residents. GNI per capita is GNI divided by mid-year population. Life Expectancy at Birth is the number of years a newborn is expected to live if patterns of mortality prevailing at its birth were to stay the same throughout its life. Mean Years of Schooling is the average number of years of education received by people 25 years old and older in their lifetime. HDI Rank is a composite measure of three basic dimensions of human development: health, education, and income. Calculated for 187 countries, with 1 = highest human development. a. Rank out of 187 counties. Congressional Research Service 2 Latin America and the Caribbean: Fact Sheet on Economic and Social Indicators Table 2. Human Development Index (HDI) Classification, 2012 Very High Human Development High Human Development Medium Human Development Argentina Antigua and Barbuda Bolivia Barbados Bahamas Dominican Republic Chile Belize El Salvador Brazil Guatemala Costa Rica Guyana Colombia Honduras Cuba Nicaragua Dominica Paraguay Ecuador Suriname Low Human Development Haiti Grenada Jamaica Mexico Panama Peru Trinidad and Tobago St. Kitts and Nevis St. Lucia St. Vincent and the Grenadines Uruguay Venezuela Source: U.N. Human Development Report, 2012. Congressional Research Service 3 Latin America and the Caribbean: Fact Sheet on Economic and Social Indicators Table 3. Economic Classification by Income, 2012 High Income Bahamasa Barbadosa Trinidad and Tobago ($15,040) St. Kitts and Nevis ($12,480) Upper Middle Income Lower Middle Income Antigua and Barbuda ($12,060) Argentina ($9,740) Brazil ($10,720) Chile ($12,280) Colombia ($6,110) Costa Rica ($7,660) Cubab Dominica ($7,090) Dominican Republic ($5,240) Ecuador ($4,140) Grenada ($7,220) Jamaica ($4,980) Mexico ($9,240) Panama ($7,910) Peru ($5,500) St. Lucia ($6,680) St. Vincent and the Grenadines ($6,100) Surinameb Uruguay ($11,860) Venezuela ($11,920) Belize ($3,690) Bolivia ($2,040) El Salvador ($3,480) Guatemala ($2,870) Guyanac Honduras ($1,970) Nicaragua ($1,170) Paraguay ($2,970) Low Income Haiti ($700) Source: World Development Indicators, The World Bank Databank, http://databank.worldbank.org/data/ home.aspx. Notes: The economies are classified based on GNI per capita. a. Estimated as high income, World Bank. b. Estimated as upper middle income, World Bank. c. Estimated as lower middle income, World Bank. Table 4. Poverty Trends in Selected Countries Latin American (18Countries): Persons Living in Poverty and Indigence, Around 2010 and 2011 Poverty/ Indigence Around 2010 Poverty/ Indigence Around 2011 Argentinaa 8.6 2.8 5.7/ 1.9 Bolivia 42.4 22.4 na Brazil 24.9 7.0 20.9/ 6.1 Chile 11.5 3.6 11.0/ 3.1 Columbiab 37.3 12.3 34.2/ 10.7 Costa Ricac 18.5 6.8 18.8/ 7.3 Dominican Republic 41.4 20.9 42.2/ 20.3 Ecuadora 37.1 14.2 32.4/ 10.1 Congressional Research Service 4 Latin America and the Caribbean: Fact Sheet on Economic and Social Indicators Latin American (18Countries): Persons Living in Poverty and Indigence, Around 2010 and 2011 Poverty/ Indigence Around 2010 Poverty/ Indigence Around 2011 El Salvador 46.6 16.7 na Guatemala 54.8 29.1 na Honduras 67.4 42.8 na Mexico 36.3 13.3 na Nicaragua 58.3 29.5 na Panama 25.8 12.6 25.3/ 12.4 Paraguay 54.8 30.7 49.6/ 28.0 Perud 31.3 9.8 27.8/ 6.3 Uruguaya 8.6 1.4 6.7/ 1.1 Venezuela 27.8 10.7 29.5/ 11.7 Source: UN Economic Commission for Latin America and the Caribbean (ECLAC) Notes: ECLAC, on the basis of special tabulations of data from household surveys conducted in the respective countries. a. Urban areas. b. Figures from the National Administrative Department of Statistics (DANE) of Columbia. c. Figures for 2010 and 2011 are not strictly comparable with data for previous years. d. Figures from the National Institute of Statistics and Informatics (INEI) of Peru. Author Contact Information Dindi R. Robinson Information Research Specialist drrobinson@crs.loc.gov, 7-9174 Barbara Salazar Torreon Information Research Specialist btorreon@crs.loc.gov, 7-8996 Acknowledgments This report was previously authored by Julissa Gomez-Granger. Congressional Research Service 5