Latin American Economic Outlook 2019

Development in Transition

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Latin America and the Caribbean has seen a remarkable socio-economic progress since the beginning of the century. Countries strengthened their macroeconomic situations, living standards improved, and poverty and inequality declined. Yet, large structural vulnerabilities remain and new ones have emerged. Many of these are linked to countries’ transition to higher income and development levels. The Latin American Economic Outlook 2019: Development in Transition (LEO 2019) presents a fresh analytical approach to the region’s development trajectories. It assesses four development traps relating to productivity, social vulnerability, institutions and the environment. It outlines local opportunities for responding to these traps and seeks ways of improving the interactions and interlinkages between global public goods and national development agendas, all in the context of the United Nations 2030 Agenda. LEO 2019 calls for improving domestic capacities and adopting a new vision of international co-operation as a facilitator to support efforts to achieve sustainable development for all throughout the region.

English Also available in: Spanish


Colombia has made progress in several development indicators in recent decades. In particular, the net secondary enrolment rate has increased in the last decade up to 78.7%. The share of the population living on less than USD 5.5 a day (2011 PPP) also dropped from 42.6% to 28.5% over 2008-16. Meanwhile, the share of the population living on USD 5.5-13 a day (2011 PPP) increased from 32.8% to 37.7%, in line with the Latin America and Caribbean (LAC) average of 36.5%.

English Also available in: Spanish

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