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Latin American Economic Outlook 2017

Youth, Skills and Entrepreneurship

image of Latin American Economic Outlook 2017

The 2017 edition of the Latin American Economic Outlook explores youth, skills and entrepreneurship. Young Latin Americans embody the region’s promise and perils. They stand at the crossroads of a region whose once promising economy and social progress are now undergoing a slowdown. The Outlook identifies potential strategies and policy responses to help Latin America and the Caribbean revive economic growth. While development can stem from different sources, skills and entrepreneurship can empower youth to develop knowledge-intensive economic activities, boost productivity and transform the region’s politics as they transition successfully from the world of school to the world of productive work and create that future they seek. The report highlights valuable experiences and best practices in these fields and proposes strategies to allow Latin America to consolidate long-term growth while assuring continuity in the social agenda.

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Chile

OECD Development Centre

Following the recent economic slowdown, Chile’s unemployment rate has been increasing since 2014 and is expected to surpass the OECD average, peaking at 7.1% in 2016 Q4 (OECD, 2016). Informality – defined as all employed persons not paying social contributions – for adults has decreased in the last decade, reaching 13% in 2014 which is much lower than the Latin America and Caribbean (LAC) average.

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