Cajamarca and Huancavelica are the poorest regions of the country Peru

According to the report “Evolution of poverty monetary 2007-2016 ”, prepared by the National Institute of Statistics and Informatics (INEI), in 2016 poverty fell by more than one percentage point.

About 264 thousand people stopped being poor in this period. The study indicates that the monthly expenditure of a fifth of the country’s population (6.5 million people) is still not enough to acquire a basic consumer basket, currently valued at S / 328 per person.

Poverty was reduced, but at a slow rate. The 2016 figure represents a decrease of 1.1 points compared to 2015.

The head of the INEI, Aníbal Sánchez, explained that this year’s setback was linked more to economic growth, as well as the incorporation of people into the labor market and the growth of income from work. “These factors have influenced more than 90% in poverty reduction last year. Redistributive programs have also had an influence, but less, ”said Sánchez.

Javier Herrera, director of research at the French Institute for Research and Development, and a member of the advisory committee convened by INEI, commented that the weak decrease is also due to the change in the composition of growth in the last year, which has been greater in export sectors, unlike those linked to domestic demand, which tend to be more labor-intensive.

For the fifth consecutive year, Cajamarca and Huancavelica are the poorest regions, with poverty levels that fluctuate between 43.8% and 50%, respectively. In Cajamarca, extreme poverty (more than 19%) is five times higher than the national average (3.8%).

In contrast, Ica is the least poor region, with a level below 4.3%.

-Other measurements-

According to the study, 18.7% of Peruvians have at least one unsatisfied basic (non-monetary) need.