He World Bank He published his most recent classification of gross national income per capita, a measure that divides countries into four categories: Low rental, medium-low income, medium-high income and high rent.
For the agency, the nations with income of up to $ 1,135 per person per year belong to the low rental group; Those of medium-low income are those that record between $ 1,136 and $ 4,495; Those of medium-high income reach between $ 4,496 and $ 13,935; and those of high rent exceed that last threshold.
(Further: The best kept secret: the world ranking of the most beautiful countries).
In Latin America and the Caribbeanseveral countries have positioned themselves at the highest level of the classification. Chile, Uruguay and Panama They integrate this group, to which they also belong Bahamas, Barbados and Trinidad and Tobago in the Caribbean. To them recently joined Costa Ricathat thanks to an average economic growth of 4.7% in the last three years managed to exceed the barrier of $ 13,935 of income per person.
Latin America
Source: Istock
Most of the large economies in the region are located in the range of Half-high income. This is the case of Brazil, Mexico, Argentina, Colombia and Peruwhich record per capita income between $ 4,496 and $ 13,935. Below are the medium-low income countries, such as Bolivia, unique in South America in this category, and also Haiti, Honduras and Nicaragua, in Central America and the Caribbean. No Latin American country appears today in the low -rental group, which reflects progress compared to previous decades.
(You can read: Despite the progress of the economy, they warn that growth is fragile).
The report indicates that in 1987 30% of the countries in the world were of low rent, but that proportion was reduced to 12%. At the same time, high -income economies went from 25% to 40% of the global total. In Latin America, almost four decades ago there were two countries in the lowest category, but at present there is none, while the proportion of nations with high income went from 9% to 46%.
Beyond statistics, the World Bank classification has concrete effects. It determines, for example, the type of international financing that a country can access, since low -income economies receive loans with more favorable conditions.
Income
Source: Istock
The case of Costa Rica is an example of how these measurements reflect internal dynamics. Its ascent to the high rent category is explained by sustained growth that has had private consumption and domestic investment. However, specialists remember that gross national income per capita is an average that does not reflect the distribution of wealth. In a region with high levels of inequality, this indicator must be analyzed together with others that show if growth really reaches the entire population.
(You can read: Colombia adopts the first certifiable international standard for AI systems).
The World Bank classification shows that Latin America has advanced significantly in recent decades, with fewer countries trapped in extreme poverty and more economies climbing at high income levels. However, the pending challenge is that this progress translates into greater inclusion and equity for most citizens.
Portfolio
