Wednesday 8 February 2023

The coronavirus pandemic raised poverty in Latin America to 33.7%, its highest level in 12 years

The ECLAC annual report indicates that the region once again had more than 200 million poor people, despite the emergency social protection measures adopted by the governments

Paying the bills


Chaves on the Chinese balloon: “We hope it does not happen again”

QCOSTARICA - President, Rodrigo Chaves, reacted this Tuesday to...

Dollar exchange rose again this week

QCOSTARICA - To the relief of many, and not...

US announces more security support for Costa Rica for the fight against drugs

QCOSTARICA - The United States announced on Tuesday the...

China says Latin American countries ‘understand’ ‘spy balloon’ situation

Q REPORTS (EFE) The Chinese government affirmed that the...

These are the new reforms of the Simplified Tax Regime in Costa Rica

QCOSTARICA - On March 1, 2023, the new reforms...

El Salvador has the lowest homicide rate in all of the Americas, even below Canada?

Q24N (EFE) The President of El Salvador, Nayib Bukele,...

China apologizes to Costa Rica for balloon flyover

QCOSTARICA - You have most likely heard about the...

Dollar Exchange

¢577.12 Buy

¢586.15 Sell

8 February 2023 - At The Banks - BCCR

Paying the bills


Q REPORTS – Poverty in Latin America increased in 2020 to the highest levels in the last 12 years, reaching 33.7% of the total population of the region, due to the economic crisis caused by covid-19, reported this Thursday the Economic Commission for Latin America and the Caribbean (ECLAC).

A woman waits to receive a plate of food for herself and her family in a soup kitchen during the coronavirus pandemic in Luque, Paraguay. (AP Photo / Jorge Sáenz)

Despite the emergency, social protection measures adopted by the governments of the region to curb COVID-19, “poverty and extreme poverty in Latin America reached levels in 2020 that have not been observed in the last 12 and 20 years, respectively. “Said a report on the social impact of the pandemic.

According to ECLAC, as a consequence of the acute economic crisis derived from the coronavirus, which caused a 7.7% drop in GDP in all of 2020 in Latin America, poverty reached 209 million people, 33.7% of the population. total population of the region of 654 million inhabitants.

- Advertisement -

Meanwhile, extreme poverty affected 78 million people.

ECLAC, dependent on the United Nations, highlighted in its study the increase in social unrest in the region, which should be used to establish new models of development and well-being.


“The effects of the coronavirus disease pandemic have spread to all areas of human life, altering the way we interact, paralyzing economies and generating profound changes in societies,” the report said.

The impacts of the pandemic “are aggravated by the region’s structural problems: mainly, the high levels of inequality, labor informality, social lack of protection, poverty and vulnerability.”

The ECLAC Report: Panorama Social de America Latina

In addition, the region has weak and fragmented health and social protection systems, along with sprawling marginalized urban settlements lacking access to basic services.

- Advertisement -

The effects of the pandemic on the living conditions of the population are enhanced by the gradual increase in poverty and extreme poverty and the slowdown in the decrease in inequality observed in the five-year period prior to the coronavirus crisis.

In that period, the GDP of Latin America and the Caribbean had grown on average only 0.3% per year, extreme poverty had increased from 7.8% to 11.3% of the population and poverty climbed to 33 , 7%.

The pandemic increased mortality in the region and could affect the life expectancy index according to its evolution.

“While mortality is the most dramatic outcome associated with COVID-19, the long-term effects on the health of people who have recovered from the disease are still unknown,” the agency said.

- Advertisement -

According to ECLAC, with 8.4% of the world’s population, Latin America recorded 27.8% of deaths from the virus.

Regarding education, the report points out that “the prolonged closure of schools can generate a crisis in the field of learning and constitute a‘ generational catastrophe ’” helping to deepen inequality, in addition to increasing the risk of dropping out of school.

At the employment level, available data show that the crisis has had a disproportionate impact on informal workers and women, while in the future opportunities for older people may be reduced.

“It is also likely that ethnic and racial inequalities, as well as those linked to territory, disability or immigration status, will increase,” he said.

- Advertisement -
Paying the bills
Avatar photo
Q Costa Rica
Reports by QCR staff

Related Articles

China says Latin American countries ‘understand’ ‘spy balloon’ situation

Q REPORTS (EFE) The Chinese government affirmed that the Latin American...

Costa Rica has the highest minimum wage in Latin America

QCOSTARICA - Costa Rica has the highest minimum wage of Latin...

Subscribe to our stories

To be updated with all the latest news, offers and special announcements.