Latin American Economic Outlook 2020
Digital Transformation for Building Back Better
The Latin American Economic Outlook (LEO) 2020 focuses on the role of digital transformation in helping to navigate through challenging times. The Covid-19 pandemic is having a profound impact on socio-economic conditions, accentuating the already complex scenario faced by a region with significant structural weaknesses. This unprecedented crisis comes at a time of high aspirations and reinforces the need to transform the very foundations of the development model in the region. The report explores how digital transformation can help to cope with the current socio-economic situation, boost productivity, strengthen institutions and achieve higher levels of inclusion and well-being. The LEO 2020 also highlights that international partnerships are fundamental to reaping the benefits of the digital transformation.
The LEO is a joint annual publication produced by the OECD Development Centre, the United Nations Economic Commission for Latin America and the Caribbean (UN ECLAC), the Development Bank of Latin America (CAF) and the European Union (EU). It is the first pillar of the EU Regional Facility for Development in Transition for Latin America and the Caribbean.
Also available in: Spanish
Guatemala
Guatemala continues to progress in enhancing digital access and use for all. The share of Internet users increased from 8.3% in 2008 to 65.0% in 2018, which is above the current Latin America and the Caribbean (LAC) average (62.9%). Active mobile broadband subscriptions also increased but are below the LAC and Organisation for Economic Co-operation and Development (OECD) averages. The country has made progress in enhancing trust in the digital ecosystem, as seen by improvement in perceived trust in online privacy and in the Global Cybersecurity Index. In particular, the Global Cybersecurity Index increased from 0.21 in 2016 to 0.25 in 2018, but remains below LAC (0.43) and OECD (0.79) averages.
Also available in: Spanish
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