Saturday, May 25, 2024

Logo Central America Link

Middle class has grown by 50 percent over last decade

Wednesday, November 14, 2012

The middle class in Latin America and the Caribbean has grown by 50 percent over the last decade, according to a study by the World Bank.

Mexico and Colombia have seen their middle classes grow between 40 and 50 percent, while in Honduras, the public sector employs a quarter of the country's middle class.

However, in El Salvador, less than 20 percent of the population belongs to the middle class, as the bank's statistics apply to countries whose economies have grown by more than 5 percent year-on-year over the last decade.

Full story (in Spanish)