Political Risk Latin America Blog @PolRiskLatam

Uruguay, Mexico and Chile have the most numerous middle-class in Latam

Posted in News and Articles, Political Risk by politicalrisklatam on December 9, 2010

by Merco Press News, December 9th, 2010.

According to the 2011 Latin American Economic Outlook report released on Dec. 3 by the Organization for Economic Cooperation and Development (OECD), Chile has the third highest percentage of middle-class citizens in Latin America.

The report estimated that 49.14% of the Chilean population belongs to the middle class. Only Uruguay (55.51%) and Mexico (52.88%) have higher percentages of middle-class citizens. Countries with the lowest proportion are Bolivia and Colombia.

“The middle class in Latin America doesn’t correspond to the typical stereotype notions of what the middle-class should be,” explained Jeff Dayton-Johnson, Head of America’s Desk at OECD.

“Many have jobs in the informal sector, don’t own their homes or don’t own major consumer durables. They’re vulnerable to falling into poverty and they need public policies to support their upward mobility”.

In Chile, most middle-class citizens work in the transport and construction sector, followed by agriculture. In Argentina, most work in industry, and in Mexico and Brazil, trade and hospitality. (continue reading… )


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