Saturday, April 16, 2011

New World Bank indicators on Mexico 2006-2008: A sorry read

La Jornada reports on new indicators on Mexico, released by the World Bank. It's not happy reading.

* Poverty levels from 42.6 percent in 2006 to 47.4 in 2008
* Rural poverty from 54.7 to 60.8 of every 100 people
* From 35.6 to 39.8 percent urban poverty

The article also points out that spending on health and education stagnated, while that of military spending increased sharply: From 44.494 billion (2006) to 52.235 billion (2007) to 54.977 billion (2008) to 64.348 billion pesos in 2009. This remains, however, at a comparatively low level: 0.5 percent of gross domestic product. For comparison: U.S. defense spending for FY 2010: 4.7 percent of GDP.

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