In Ecuador, a person must earn less than $85.60 per month to be poor; in economies with high inflation like Argentina, it should be less than $188.
On Ecuador, According to the latest survey by the National Institute of Statistics and Censuses (INEC), 27.7% of the population is poor. For its part, the percentage reaches 40% in Argentina, 30% in Peru and 10% in Chile.
Each country in the region establishes a minimum income necessary in order not to be considered as poor. If Ecuadorianit is considered to be in the poverty earning less than $85.60 per month; While the extreme poberty is set when you have no less than $48.24 per month in income.
The crisis, derived from the COVID-19 pandemic, deepened the economic and social problems in Latin American economies. But one of the economies that has felt the blow the most, without taking into account devastating realities like that of Venezuela, is Argentina.
In that country, plagued by low productivity and high inflationa person is considered poor if you earn less than $188 a month; and extremely poor if you have income below $78.
The constant loss of purchasing power of the Argentine peso makes the cost of living higher than in Ecuador.
On Chilethe cost of living is also higher, but the level of development and growth since the 1990s have generated a society with less inequality and more income than the regional average.
Therefore, although it is considered poor For those with less than $157 a month, only one in 10 Chileans is in that condition. In the case of extreme pobertyit takes less than $72.
For its part, in Colombia and Perua citizen is poor if you earn less than $86 and $94 per month, respectively. While the threshold of extreme poberty it is in the $44 and $42 a month range.
For Brazilwhich is one of the most inequitable countries in the region, the minimum income to not be considered poor it’s $89 per month; While the extreme poberty is defined as earning less than $40 per month.
After Venezuela and Argentinathe poverty it has increased the most in Bolivia (almost 37% of the population). However, statistics are not very transparent in that country. (JS)
