Latin American Economic Outlook 2022
Towards a Green and Just Transition
What challenges and opportunities does the green transition entail for Latin America and the Caribbean? This 15th edition of the Latin American Economic Outlook explores options for the region to recast its production models, transform its energy matrix and create better jobs in the process. It argues that, for this transition to be just, stronger social-protection systems and open dialogue must help build new, sustainable social contracts. In support of this ambitious agenda, the report presents an array of financing options, including green finance, and advocates for renewed international partnerships.
Also available in: Spanish
Dominican Republic
Poverty in Dominican Republic decreased from 26.7% in 2016 to 21.8% in 2020, below the Latin America and the Caribbean (LAC) average of 26.3%. Extreme poverty decreased in that period from 7.0% to 5.6%, also below the LAC average (8.7%). The Gini index decreased from 45.7 in 2016 to 39.6 in 2020, below the LAC average (45.3). Regarding environmental indicators, in 2019 greenhouse gas (GHG) emissions per capita were 3.9 tonnes of carbon dioxide equivalent (t CO2e), lower than the averages for LAC (6.3) and countries belonging to the Organisation for Economic Co-operation and Development (OECD) (9.1). That year, the share of the population exposed to air pollution levels that pose risks to human health (PM2.5 at more than 10 µg/m3) was 100%, higher than 95.4% for LAC and 61.0% for the OECD. The marine protected area of the Dominican Republic accounted for 18.0% of its territorial waters in 2021, compared to 7.3% for LAC and 18.6% for the OECD. On the fiscal side, environmentally related tax revenue was 1.4% of gross domestic product (GDP) in 2020, above LAC (1.0%) but below the OECD (2.1%). Total tax revenue as a percentage of GDP (12.6%) remains much lower than the averages for LAC (21.9%) and the OECD (33.5%).
Also available in: Spanish
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