“Poverty in the region [of Latin America] has dropped by nearly half over the past 20 years, from 58 percent in 2003 to 30 percent in 2023, equivalent to a decline of 28 percentage points (Figure 5A). Argentina, Chile, the Dominican Republic, and Brazil have experienced the most significant reductions in poverty during this period, with decreases between 31 and 61 percentage points. The trend is downward in all but three countries. In Guatemala and Honduras, poverty has remained roughly constant over the available data period. Venezuela is the only country where poverty has increased overall, from 65 to 71 percent during this period.”
Center for Global Development | Poverty Rates
