Frequent question: What percentage of the wealth does the rich have in Latin America?

Is Latin America wealthy?

Brazil is one of the most unequal countries in terms of income in Latin America. In 2019, it was estimated that almost 58 percent of the income generated in Brazil was held by the richest 20 percent of its population.

Characteristic Chile
2017 51.3%

Is Latin America rich or poor?

To make matters worse, the gap between rich and poor Latin Americans has not narrowed down. In 1963, the income share of the poorest 30% Mexicans was around 3-4%.

Latin America: Rich and Poor.

Country Poorest 20% Richest 20%
Brazil 2.2 48.0
Chile 3.3 45.6
Venezuela 3.8 36.5
Peru 4.4 35.4

How do the rich in Latin America maintain their wealth?

Much of this wealth is held offshore in tax havens, which means that a sizeable portion of the benefits of Latin America’s growth are being captured by a small number of very wealthy individuals, at the expense of the poor and the middle class.

Where do rich people live in Latin America?

10 Richest Cities in Latin America

  • Cuenca, Ecuador.
  • Sao Paulo, Brazil.
  • Rio de Janeiro, Brazil.
  • Buenos Aires, Argentina.
  • Santiago de Chile, Chile.
  • Bogota, Colombia.
  • Guayaquil, Ecuador.
  • Lima, Peru.

What is the poorest Spanish speaking country?

The Poorest Countries In South America

  1. Venezuela – $3,374. Venezuela is the poorest country in South America, with a per capita GDP of only $3,374. …
  2. Bolivia – $3,683. Bolivia is the second poorest country in South America in terms of GDP per capita. …
  3. Guyana – $4,689. …
  4. Suriname – $5,799. …
  5. Ecuador – $6,315.
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