In Mexico, several of the world’s leading billionaires and tens of millions of poor people live under the same roof.
It is, therefore, not surprising that the country appears among the most unequal in the world.
Far from being an isolated case, the Mexican reality does not escape the reality of Latin America, the most unequal region in the world regarding some indicators.
And an indicator places Mexico, Peru, and the Dominican Republic in the top five of world inequality.
WHAT DATA PLACES MEXICO, PERU, AND THE DOMINICAN REPUBLIC AMONG THE 5 MOST UNEQUAL IN THE WORLD?
“The Dominican Republic, Peru, and Mexico are among the most unequal countries in the world according to figures from the World Inequality Database (WID), since the richest 1% of each of these territories earn between 25% and 30% of the country’s total income,” according to a report by Latinometrics.
To illustrate, Latinometrics specified:
“The richest Mexicans earn more than a quarter of the money circulating in the country; the richest Dominicans, almost a third”.
Indeed, with data as of 2021, the following conclusions can be reached regarding the share of pre-tax national income in the hands of the rwealthiest1%:
The Dominican Republic’s richest 1% has a 29.1% share of national income.
Peru’s richest 1% has a 28.1% share.
Mexico’s richest 1% has a 26.8% share of national income.
Latinometrics concludes:
“The three countries rank behind only Mozambique (the richest 1% have 31.1% of national income) and the Central African Republic (31%) on this indicator, but the problem is much deeper throughout the region.”
“Brazil and Chile also rank painfully high, with around 22% of each country’s wealth in the hands of the richest citizens. This places these two large economies between Russia and several Persian Gulf countries ruled by royal families or mired in civil war.”
In Chile, the ratio is 22.9%, and in Brazil 22.1%.
With information from Bloomberg