Institutional Framework Database for Social Policy in Latin America and the Caribbean

Financing dimension

The financing dimension focuses on the analysis of the relative size of mobilized resources for social development in terms of fiscal priority and cyclicity, as well as stability and trends in the investment amounts allocated to each social function. Following the Classification of the Functions of Government (COFOG) defined by the International Monetary Fund (IMF), and the sectoral level of different ministries of social areas, these functions include social protection, health, education, housing, culture, and environment.

Latin America (18 countries): social spending in three groups of countries with different results in terms of social protection and promotion (simple average of each group),2014 and 2018 (United States dollars at 2010 prices and percentages of GDP)

Indicator	Argentina, Brazil, Chile, Costa Rica, Panama and Uruguay Central government/b		Colombia, Mexico and Venezuela (Bolivarian Republic of) Central government/b		Bolivia (Plurinational State of), Dominican Republic, Ecuador, El Salvador, Guatemala, Honduras, Nicaragua, Paraguay and Peru Central government /b
	2014	2018	2014	2018/a	2014	2018
Public social spending per capita (United States dollars at 2010 prices)	1557	1761	1171	1152	356	390
Public spending on social protection per capita (United States dollars at 2010 prices)	761	850	516	506	85	88
Public social spending (percentages of GDP)	13.1	14.3	13.9	13.4	9.4	9.4
Public spending on social protection (percentages of GDP)	6.4	7.1	6.2	5.9	2.1	2.0
Public spending on education (percentages of GDP)	3.7	4.0	4.2	4.1	4.1	4.1
Public spending on health (percentages of GDP)	2.1	2.3	2.3	2.4	2.1	2.2
Public spending on housing and community services (percentages of GDP)	0.6	0.5	0.9	0.7	0.6	0.7
Public spending on recreational activities, culture and religion (percentages of GDP)	0.1	0.1	0.3	0.2	0.1	0.2
Public spending on environmental Protection (percentages of GDP)	0.1	0.1	0.1	0.1	0.2	0.2

/a: The simple average of this group for 2018 was processed using 2014 Venezuela's expenditure data.

For more information enter to the Database on Social Investment

Metadata

Economic Commission for Latin America and the Caribbean (ECLAC), based on official information reported by governments of the region.

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