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How’s Life in Latin America?

Measuring Well-being for Policy Making

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Many Latin American countries have experienced improvements in income over recent decades, with several of them now classified as high-income or upper middle-income in terms of conventional metrics. But has this change been mirrored in improvements across the different areas of people’s lives? How’s Life in Latin America? Measuring Well-being for Policy Making addresses this question by presenting comparative evidence for Latin America and the Caribbean (LAC) with a focus on 11 LAC countries (Argentina, Brazil, Chile, Colombia, Costa Rica, the Dominican Republic, Ecuador, Mexico, Paraguay, Peru and Uruguay). Spanning material conditions, quality of life, resources for future well-being, and inequalities, the report presents available evidence on well-being both before and since the onset of the pandemic, based on the OECD Well-being Framework. It also identifies priorities for addressing well-being gaps and describes how well-being frameworks are used in policy within Latin America and elsewhere around the world, providing lessons for governments on what is needed to put people’s well-being at the centre of their action. The report is part of the EU Regional Facility for Development in Transition for Latin America and the Caribbean.

English Also available in: Spanish

Foreword

Measuring well-being means looking at multidimensional development outcomes at the national and regional level from the perspective of people (individuals and households) rather than indicators of economic growth alone. This requires taking into account a broader range of metrics than have traditionally been used to monitor national progress, describing people’s current material conditions and quality of life, the distribution of outcomes across population groups and locations, and the systemic resources that are needed to underpin the sustainability of people’s well-being into the future.

English Also available in: Spanish

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