Socioeconomic inequalities and poverty

The coronavirus disease (COVID-19) pandemic brought an economic slump in its wake that spread to all countries in the region. The collapse of activity had an adverse impact on households, with both employment and labour income declining. According to the Preliminary Overview of the Economies of Latin America and the Caribbean, 2021, the contraction amounted to a regional average of 7.6% of per capita GDP in 2020, with a high degree of heterogeneity between countries (ECLAC, 2022). In six countries (Paraguay, Nicaragua, Guatemala, Haiti, Brazil and Costa Rica), per capita GDP shrank by less than 5%, while in another six (Plurinational State of Bolivia, Honduras, Argentina, Cuba, Peru and Panama), it fell by between 10% and 20%.

Sustainable Development Goals:

Good Health and Well-Being

Decent Work and Economic Growth

Reduced Inequalities