QCCOSTARICA – A report by the Cato Institute reveals that Honduras and Costa Rica are the countries with the highest rates of poverty in Central America and in the region. In South America, the most miserable countries at the end of 2014 are Venezuela and Argentina.
To prepare the report, Cato sums up figures such as inflation, rates of loans and unemployment, then subtract that total annual growth in per capita GDP.
Thus thee 10 most miserable economies in Latin America, according to these evaluation factors are: Venezuela, Argentina, Brazil, Uruguay, Honduras, Dominican Republic, Paraguay, Costa Rica, Nicaragua and Guatemala.
According to the Global Poverty Index developed by Cato, Honduras and Costa Rica stand out as the most miserable economies of Central America with a percentage of 28.07 and 25.87 respectively, while Panama and El Salvador have the best for Latin America.