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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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Uruguay

OECD Development Centre

Enrolment rates are generally higher than the regional averages, except the secondary-school rate, which is slightly lower. Enrolment in tertiary education has grown remarkably, increasing by nearly 30 percentage points in the 2000s. Government expenditure on education (4.5% of GDP) is below the regional average.

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