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Latin American Economic Outlook 2015

Education, Skills and Innovation for Development

image of Latin American Economic Outlook 2015

The Latin American Economic Outlook is the OECD Development Centre’s annual analysis of economic developments in Latin America. It is produced in partnership with the United Nations Economic Commission for Latin America and the Caribbean (ECLAC) as well as CAF, the development bank of Latin America. Each edition includes a detailed macroeconomic overview as well as analysis of how the global context is shaping economic performance in the region. The Latin American Economic Outlook also takes an in-depth look at a special theme related to development in Latin America, taking into account future strategic challenges and opportunities. The 2015 edition focuses on the role of education, skills and innovation for development, taking stock of the current situation in the region, identifying the main challenges and opportunities in these fields, and presenting a series of policy areas where action is needed to impulse Latin America’s development.

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Chile

OECD Development Centre

In 2012, government expenditure on education in Chile was below the regional and OECD averages. Chile has a higher proportion of private funding for education than any other OECD member country, with 40.1% of education spending coming from private sources (16.1% average for OECD countries).

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