Per capita income as a measure of economic development in Latin America

Abstract

The authorities responsible for economic and social policy in Latin American countries have been making efforts around the theme of improving the living conditions of the population, by generating a sustained per capita income, which will lead to better development indicators economic and reduce poverty levels in the region. This document evidence through descriptive statistical methodology that the main variables of economic development are influenced by per capita GDP in Argentina, Bolivia, Brazil, Chile, Colombia, Costa Rica, Ecuador, El Salvador, Mexico and Peru. According to empirical evidence we can conclude that Argentina is the country that more investment made in education, social security and health, because their economic growth rates have been stable over time, while Bolivia is the country has the lowest social public investment, mainly due to its low economic performance.