Poverty headcount ratio at $3.00 a day (2021 PPP) in Latin America & Caribbean
Latin America & Caribbean: Poverty headcount ratio at $3.00 a day (2021 PPP) was 4.3% in 2024. ▼ Falling
Poverty headcount ratio at $3.00 a day (2021 PPP) in Latin America & Caribbean, 1981–2024
Source: World Bank, Poverty and Inequality Platform. Data are based on primary household survey data obtained from government statistical agencies and World Bank country departments. Data for high-income econ. Measured in % of population.
Analysis
In 2024, poverty headcount ratio at $3.00 a day (2021 ppp) in Latin America & Caribbean stood at 4.3%. That is the lowest value across all 44 years on record.
Compared with earlier readings it is down 6.5% on the previous year and down 33.8% over ten years.
Over the whole period, poverty headcount ratio at $3.00 a day (2021 ppp) in Latin America & Caribbean peaked at 23.8% in 1983 and was at its lowest, 4.3%, in 2024.
The long-run direction has been consistently falling across the 44 years of available data.
Poverty headcount ratio at $3.00 a day (2021 PPP) in Latin America & Caribbean, year by year
| Year | % of population | Change |
|---|---|---|
| 1981 | 20.0% | — |
| 1982 | 20.7% | +3.5% |
| 1983 | 23.8% | +15.0% |
| 1984 | 23.4% | -1.7% |
| 1985 | 21.8% | -6.8% |
| 1986 | 16.7% | -23.4% |
| 1987 | 19.5% | +16.8% |
| 1988 | 20.0% | +2.6% |
| 1989 | 19.2% | -4.0% |
| 1990 | 20.7% | +7.8% |
| 1991 | 20.1% | -2.9% |
| 1992 | 20.2% | +0.5% |
| 1993 | 20.1% | -0.5% |
| 1994 | 19.5% | -3.0% |
| 1995 | 18.5% | -5.1% |
| 1996 | 19.9% | +7.6% |
| 1997 | 19.4% | -2.5% |
| 1998 | 19.2% | -1.0% |
| 1999 | 19.5% | +1.6% |
| 2000 | 18.1% | -7.2% |
| 2001 | 17.9% | -1.1% |
| 2002 | 17.1% | -4.5% |
| 2003 | 16.6% | -2.9% |
| 2004 | 15.3% | -7.8% |
| 2005 | 14.2% | -7.2% |
| 2006 | 12.0% | -15.5% |
| 2007 | 10.8% | -10.0% |
| 2008 | 9.9% | -8.3% |
| 2009 | 9.5% | -4.0% |
| 2010 | 8.5% | -10.5% |
| 2011 | 7.7% | -9.4% |
| 2012 | 7.5% | -2.6% |
| 2013 | 6.8% | -9.3% |
| 2014 | 6.5% | -4.4% |
| 2015 | 6.0% | -7.7% |
| 2016 | 6.2% | +3.3% |
| 2017 | 6.2% | +0.0% |
| 2018 | 6.1% | -1.6% |
| 2019 | 6.2% | +1.6% |
| 2020 | 5.8% | -6.5% |
| 2021 | 6.2% | +6.9% |
| 2022 | 5.0% | -19.4% |
| 2023 | 4.6% | -8.0% |
| 2024 | 4.3% | -6.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 20.6% | 16.7% | 23.8% | 9 |
| 1990s | 19.7% | 18.5% | 20.7% | 10 |
| 2000s | 14.1% | 9.5% | 18.1% | 10 |
| 2010s | 6.8% | 6.0% | 8.5% | 10 |
| 2020s | 5.2% | 4.3% | 6.2% | 5 |
Countries ranked near Latin America & Caribbean
- 5 Madagascar 69.2% compare
- 6 Niger 60.5% compare
- 7 Uganda 59.8% compare
- 8 Tanzania, United Republic of 51.3% compare
- 9 Kenya 45.5% compare
- 10 Burkina Faso 42.1% compare
- 11 Nigeria 41.8% compare
More poverty & inequality data for Latin America & Caribbean
- Poverty gap at $3.00 a day (2021 PPP) 1.5% (2024)
- Poverty headcount ratio at $4.20 a day (2021 PPP) 8.0% (2024)
- Poverty headcount ratio at $8.30 a day (2021 PPP) 24.7% (2024)
- Prosperity gap 3.1 average shortfall from a prosperity standard of $28/day (2024)
- Poverty gap at $4.20 a day (2021 PPP) 2.8% (2024)
- Poverty headcount ratio at societal poverty line 25.5% (2024)
- Poverty gap at $8.30 a day (2021 PPP) 9.3% (2024)
- Population living in slums 18.9% (2022)
Frequently asked questions
- What is poverty headcount ratio at $3.00 a day (2021 ppp) in Latin America & Caribbean?
- Poverty headcount ratio at $3.00 a day (2021 ppp) in Latin America & Caribbean was 4.3% in 2024, according to World Bank, Poverty and Inequality Platform. Data are based on primary household survey data obtained from government statistical agencies and World Bank country departments. Data for high-income econ.
- What is the highest poverty headcount ratio at $3.00 a day (2021 ppp) recorded in Latin America & Caribbean?
- The highest recorded value was 23.8% in 1983.
- What is the lowest poverty headcount ratio at $3.00 a day (2021 ppp) recorded in Latin America & Caribbean?
- The lowest recorded value was 4.3% in 2024.
- How does Latin America & Caribbean rank for poverty headcount ratio at $3.00 a day (2021 ppp)?
- Latin America & Caribbean ranks 8th out of 14 groups with data for 2024.
- Is poverty headcount ratio at $3.00 a day (2021 ppp) rising or falling in Latin America & Caribbean?
- Over the last ten years it is down 33.8%. The long-run trend across the full record is falling.
- Where does this Latin America & Caribbean data come from?
- The figures come from World Bank, Poverty and Inequality Platform. Data are based on primary household survey data obtained from government statistical agencies and World Bank country departments. Data for high-income econ, published as part of Poverty headcount ratio at $3.00 a day (2021 PPP) (% of population). Statizoid updates them automatically from the source API.
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About this data
Poverty headcount ratio at $3.00 a day is the percentage of the population living on less than $3.00 a day at 2021 purchasing power adjusted prices. As a result of revisions in PPP exchange rates, poverty rates for individual countries cannot be compared with poverty rates reported in earlier editions.