In 2023, Latin America and the Caribbean recorded a cumulative gross national product of $7 trillion — nearly 50% more than its gross domestic product at the beginning of the pandemic. But despite its growing economy, high levels of inequality remain a prevailing problem in the region.
The Inter-American Development Bank estimates that people in the richest decile make 12 times more than the region’s poorest decile — much higher than the global average of four.
In this analysis, we looked into official sources to see how much aid the Development Assistance Committee member countries spent in Latin America and the Caribbean to support development projects. We also looked into the top recipient countries and sectors and identified the major implementing agencies in the region.