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Latin American Economic Outlook 2022

Towards a Green and Just Transition

image of Latin American Economic Outlook 2022

What challenges and opportunities does the green transition entail for Latin America and the Caribbean? This 15th edition of the Latin American Economic Outlook explores options for the region to recast its production models, transform its energy matrix and create better jobs in the process. It argues that, for this transition to be just, stronger social-protection systems and open dialogue must help build new, sustainable social contracts. In support of this ambitious agenda, the report presents an array of financing options, including green finance, and advocates for renewed international partnerships.

Anglais Egalement disponible en : Espagnol

Uruguay

Poverty in Uruguay increased from 3.6% in 2016 to 5.2% in 2020, partly owing to the impact of the COVID-19 pandemic, but remains substantially lower than the Latin America and the Caribbean (LAC) average of 26.3%. Extreme poverty increased in that period from 0.2% to 0.3%, also far below the LAC average (8.7%). The population living in completely informal households decreased by almost half – from 28.5% in 2008 to 16.3% in 2018 – bringing it far below the LAC average of 36.3% in 2018. Regarding environmental indicators, in 2019, greenhouse gas (GHG) emissions per capita were 10.4 tonnes of carbon dioxide equivalent (t CO2e), higher than the averages for LAC (6.3) and countries belonging to the Organisation for Economic Co-operation and Development (OECD) (9.1). That year, the share of the population exposed to air pollution levels that pose risks to human health (PM2.5 at more than 10 µg/m3) was 26.5%, substantially lower than 95.4% for LAC and 61.0% for the OECD. The marine protected area of Uruguay accounted for 0.75% of its territorial waters in 2021, far below 7.3% for LAC and 18.6% for the OECD. On the fiscal side, environmentally related tax revenue was 1.8% of gross domestic product (GDP) in 2020, above LAC (1.0%) but slightly below the OECD (2.1%). Total tax revenues as a percentage of GDP in 2020 (26.6%) remained higher than the average for LAC (21.9%) but below the OECD (33.5%).

Anglais Egalement disponible en : Espagnol

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