Andean Group - February 2016 (ISSN 1741-4466)

Last month the Executive Secretary of the United Nations (UN) Economic Commission for Latin America and the Caribbean (ECLAC), Alicia Bárcena, and the Executive Director of Oxfam International, Winnie Byanyima, reported on the high levels of inequality in Latin America. Despite a 10% decrease in inequality between 2003 and 2013 in the subcontinent, from 54.2 to 48.6 on the Gini Index (0 representing perfect equality and 100 perfect inequality), the report highlighted that it is the “most unequal region in the world”; the wealthiest 10% of the population own a substantial 71% the wealth. High levels of inequality are consistent throughout the Andean sub-region, Colombia having one of the highest levels in the whole of Latin America.

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