Colombia ranks 79th in the UNDP Human Development Index, lower than neighboring nations Venezuela and Ecuador.
The Human Development Index (HDI) is part of a report that measures inequality, gender inequality and poverty.
Chile and Argentina are the top Latin American countries on the index at 45 and 46 respectively. Nicaragua and Guatemala are the lowest Latin American countries at 115 and 116. The report measures 169 countries.
The report stated that since 1980 income inequality has increased in most countries, but “Latin America and the Caribbean form an important exception: the region that for a long time housed the largest gap in the world in incomes and assets, nowadays has made a significant progress thanks to more public spending and targeted social politics,” according to El Tiempo.
However, of the 15 countries that lost the most rankings, nine are Latin American.
Colombia has gained one position over last year and has had an HDI growth rate of 0.83% in the last 20 years.