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Latin American Economic Outlook 2019

Development in Transition

image of Latin American Economic Outlook 2019

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.

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Ecuador

Ecuador has made progress in some development indicators in the past decades. In particular, the country has made improvements in the net secondary enrolment rate (87.2%), which is now on the same level as Chile (87.1%), and above the Latin America and Caribbean (LAC) average of 74.4%. Life expectancy at birth improved from 69 to 76.3 years between 1990-2016. The infant mortality rate is 12.5 per 1 000 live births, slightly below the LAC average of 14.7. The homicide rate, at 6.5 per 100 000 inhabitants, is more than three times lower than the LAC average of 21.9.

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