Economic growth is essential to reduce poverty and improve the lives of the world's poorest. Latin America and the Caribbean experienced high economic growth during the 2000s, although growth slowed after the 2008 financial crisis. The region's growth had slowed further in recent years. However, in the wake of the pandemic brought on by COVID-19, the region experienced an economic downturn during the 2020 that will slow progress in shared prosperity and poverty reduction.
The Economic Growth section of the LAC Equity Lab includes the following data:
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Growth Incidence Curve (GIC)The Growth Incidence Curve (GIC) as annualized income growth or as total income growth across the distribution between any two years, for the LAC region as a whole, or by country. |
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GIC by Income SourceAverage per capita income growth for labor and non-labor income by decile, for the LAC region as a whole, or by country. |