Nice People Networking

DR is sixth in extreme poverty in Latin America

According to the World Bank, the DR is ranked sixth in extreme poverty among 17 countries in Latin America and the Caribbean. A new World Bank book, “The Forgotten: Chronic Poverty in Latin America and the Caribbean” says that transitory poverty in the country is 8.6%, double the regional average. Extreme poverty in the Dominican Republic is at 25.6%, only surpassed by the extreme poverty in Guatemala, Honduras, Nicaragua, Colombia and Ecuador. The regional average is 21.6%.

The study by Renos Vakis, Jamele Rigolini and Leonardo Lucchetti was released on Monday, 10 March 2015.

This extreme poverty rate is despite the 5.1% average GDP increase the country has experienced over the past 15 years, above the 3.9% regional average. The director of the UASD University’s School of Economics says this is because the social model is one of exclusion. He says that social mobility is only 2% and practically 70% remain in the same state of poverty. He said that in countries like Costa Rica the social mobility rate is 40%.

Source: Dr1, Hoy

March 10, 2015

Category: DR News |

Leave a comment

You must be logged in to post a comment.

Last updated March 29, 2017 at 11:04 PM
stats for wordpress
View Statistics Report
Facebook Twitter