Today: November 27, 2024
March 31, 2022
1 min read

With what level of income is poor in South America?

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)

Source link

Latest Posts

COLEME

COLEME

November 27, 2024
Mayor Professor Magallanes raised his concern about the situation of
They celebrated "Buenos Aires Coffee Day" with a tour of historic bars - Télam
Cum at clita latine. Tation nominavi quo id. An est possit adipiscing, error tation qualisque vel te.

Categories

Sentenced to six years in prison, the musician Abel G. Lescay denounces a "dirty judgment"
Previous Story

Sentenced to six years in prison, the musician Abel G. Lescay denounces a "dirty judgment"

Next Story

Cuba denies rumor about passport preparation procedures

Latest from Blog

El candidato de la FP será entre padre e hijo

The FP candidate will be between father and son

Saint Dominic.-As in the Modern Revolutionary Party, in Fuerza del Pueblo the fight for the presidential candidacy has begun early. The particularity of the FP is that the debate occurs between father
COLEME

COLEME

Mayor Professor Magallanes raised his concern about the situation of the Cooperative The Half Hour Before the last ordinary session of the month of November of the Departmental Board of Cerro Largo
Go toTop