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File Created On:
October, 2015

Oxfam has calculated that if inequality in the region were to be reduced by five points between 2011 and 2019, some 17.4 million people could move out of poverty. If the opposite were to occur, a five-point increase could result in an additional 18 million people living in poverty.
However, this needs to be put in perspective. Although this reduction is still not enough, poverty in LAC did experience a marked decline over a 10 year period: while 44 percent of the region’s population was poor in 2002, in 2012 the figure was 28 percent, a reduction of almost 61 million people. During this same period, inequality in terms of income per capita was also reduced, but it still remains the highest
in the world.

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