CPIA quality of budgetary and financial management rating in Latin America & Caribbean
Latin America & Caribbean: CPIA quality of budgetary and financial management rating was 2.85 1=low to 6=high in 2025. ▼ Falling
CPIA quality of budgetary and financial management rating in Latin America & Caribbean, 2005–2025
Source: CPIA database, World Bank Group (WBG). Measured in 1=low to 6=high.
Analysis
In 2025, cpia quality of budgetary and financial management rating in Latin America & Caribbean stood at 2.85 1=low to 6=high.
That represents a change of up 5.6% on the previous year and down 8.4% over ten years.
Over the whole period, cpia quality of budgetary and financial management rating in Latin America & Caribbean peaked at 3.61 1=low to 6=high in 2007 and was at its lowest, 2.7 1=low to 6=high, in 2024.
Latin America & Caribbean ranks 32nd of 42 groups on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 21 years of available data.
CPIA quality of budgetary and financial management rating in Latin America & Caribbean, year by year
| Year | 1=low to 6=high | Change |
|---|---|---|
| 2005 | 3.44 1=low to 6=high | — |
| 2006 | 3.56 1=low to 6=high | +3.2% |
| 2007 | 3.61 1=low to 6=high | +1.6% |
| 2008 | 3.61 1=low to 6=high | +0.0% |
| 2009 | 3.61 1=low to 6=high | +0.0% |
| 2010 | 3.61 1=low to 6=high | +0.0% |
| 2011 | 3.5 1=low to 6=high | -3.1% |
| 2012 | 3.5 1=low to 6=high | +0.0% |
| 2013 | 3.33 1=low to 6=high | -4.8% |
| 2014 | 3.17 1=low to 6=high | -5.0% |
| 2015 | 3.11 1=low to 6=high | -1.8% |
| 2016 | 3.12 1=low to 6=high | +0.4% |
| 2017 | 3.12 1=low to 6=high | +0.0% |
| 2018 | 3.19 1=low to 6=high | +2.0% |
| 2019 | 3.12 1=low to 6=high | -2.0% |
| 2020 | 3.12 1=low to 6=high | +0.0% |
| 2021 | 3.12 1=low to 6=high | +0.0% |
| 2022 | 3.06 1=low to 6=high | -2.0% |
| 2023 | 3.06 1=low to 6=high | +0.0% |
| 2024 | 2.7 1=low to 6=high | -11.8% |
| 2025 | 2.85 1=low to 6=high | +5.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 3.57 1=low to 6=high | 3.44 1=low to 6=high | 3.61 1=low to 6=high | 5 |
| 2010s | 3.28 1=low to 6=high | 3.11 1=low to 6=high | 3.61 1=low to 6=high | 10 |
| 2020s | 2.99 1=low to 6=high | 2.7 1=low to 6=high | 3.12 1=low to 6=high | 6 |
More public sector data for Latin America & Caribbean
- Arms imports 644.00 million SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 0.9725 SIPRI trend indicator values per person (2024)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0001 SIPRI trend indicator values per US$ of GDP (2024)
- Arms imports (SIPRI trend indicator values), annual growth rate 67.27 % change on previous year (2024)
- Arms imports (SIPRI trend indicator values), gaps filled 644.00 million SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 110.81 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0104 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 10.62 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 73.38 billion current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 19.2 SIPRI trend indicator values per square kilometre (2023)
Frequently asked questions
- What is cpia quality of budgetary and financial management rating in Latin America & Caribbean?
- Cpia quality of budgetary and financial management rating in Latin America & Caribbean was 2.85 1=low to 6=high in 2025, according to CPIA database, World Bank Group (WBG).
- What is the highest cpia quality of budgetary and financial management rating recorded in Latin America & Caribbean?
- The highest recorded value was 3.61 1=low to 6=high in 2007.
- What is the lowest cpia quality of budgetary and financial management rating recorded in Latin America & Caribbean?
- The lowest recorded value was 2.7 1=low to 6=high in 2024.
- How does Latin America & Caribbean rank for cpia quality of budgetary and financial management rating?
- Latin America & Caribbean ranks 32nd out of 42 groups with data for 2025.
- Is cpia quality of budgetary and financial management rating rising or falling in Latin America & Caribbean?
- Over the last ten years it is down 8.4%. The long-run trend across the full record is falling.
- Where does this Latin America & Caribbean data come from?
- The figures come from CPIA database, World Bank Group (WBG), published as part of CPIA quality of budgetary and financial management rating (1=low to 6=high). Statizoid updates them automatically from the source API.
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About this data
The CPIA measures the extent to which a country’s policy and institutional framework supports sustainable growth and poverty reduction, and consequently the effective use of development assistance. The outcome of the exercise yields both an overall score and scores for sixteen criteria that compose the CPIA. These criteria include: A. Economic Management (1. Monetary and Exchange Rate Policies; 2. Fiscal Policy; 3. Debt Policy and Management), B. Structural Policies (4. Trade; 5. Financial Sector; 6. Business Regulatory Environment), C. Policies for Social Inclusion/Equity (7. Gender equality; 8. Equity of public resource use; 9. Building human resources; 10. Social protection and labor; 11. Policies and institutions for environmental sustainability), D. Public Sector Management and Institutions (12. Property rights and rule-based governance; 13. Quality of budgetary and financial management; 14. Efficiency of revenue mobilization; 15. Quality of public administration; 16. Transparency, accountability, and corruption in the public sector). The quality of budgetary and financial management criterion assesses the extent to which there is: (a) a comprehensive and credible budget, linked to policy priorities; (b) effective financial management systems to ensure that the budget is implemented as intended in a controlled and predictable way; and (c) timely and accurate accounting and fiscal reporting, including timely audit of public accounts and effective arrangements for follow up.