Poverty in Colombia in 2019 according to Dane – Economy

Poverty in Colombia in 2019 according to Dane – Economy
Poverty in Colombia in 2019 according to Dane – Economy

Poverty in Colombia rose to 35.7 percent of the population in 2019, up from 34.7 percent in 2018, the Dane reported.

The report presented this Tuesday uses a methodological update of the measurement, with the recommendations of an independent academic commission.

Meanwhile, inequality did not have a statistically significant change, said Dane director Juan Daniel Oviedo. The Gini coefficient went from 0.517 in 2018 to 0.526 in 2019. The closer it is to 1, the coefficient indicates the greater inequality.

According to the report, in 2019 with a monthly income per person of less than 327,674 pesos, one falls into poverty. And with an income of less than 137,350 pesos, he falls into extreme poverty.

The report indicates that 17 million 470,000 Colombians lived in poverty in 2019, with an increase of 662,000 people. 728,955 people entered extreme poverty that year, and 4,689,000 people live in that situation.

In Latin America, according to ECLAC, monetary poverty increased from 30 percent of the population in 2018 to 30.8 percent in 2019.

The methodological update was a logical step after the household budget survey was carried out in 2017, which identified the changes in the ways of consuming in the country.

In this way, with this survey the family basket was updated to measure inflation, and now the measurement of poverty.

The Committee of Experts that participated in the methodological update was composed as follows:
• Roberto Angulo – Independent
• Adriana Camacho – Professor at the Universidad de los Andes
• Alejandra Corchuelo – Independent
• Yadira Díaz – Researcher at the Universidad de los Andes
• Jorge Iván González – Professor at the National and Externado universities
• Renata Pardo – Independent Consultant
• Luis Alfredo Sarmiento – Independent
• Carlos Sepúlveda – Dean of the Faculty of Economics of the Universidad del Rosario

International institutions:

• Economic Commission for Latin America and the Caribbean (ECLAC) – Olga Lucia Acosta and Juan Carlos Ramírez
• World Bank – María Davalos
• United Nations Development Program (UNDP) – Jaime Alejandro Urrego

National institutions:

• National Administrative Department of Statistics (DANE)
• National Planning Department (DNP)
• Department for Social Prosperity (DPS)

Source link by https://www.eltiempo.com/economia/pobreza-en-colombia-en-2019-segun-el-dane-543044

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