In a recent report by the World Bank, El Salvador has emerged as one of the leading countries in Latin America in terms of statistical capacity, with an impressive third place ranking in 2020. The World Bank assesses a country’s statistical capacity based on a combination of factors, including methodology, data sources, regularity, and timeliness.
Statistical capacity, as measured by the World Bank, is a crucial indicator of a country’s ability to collect, analyze, and disseminate accurate data. This capacity is instrumental in informed decision-making, policy formulation, and tracking progress towards development goals.
The ranking places El Salvador behind only two countries in the region, highlighting its significant progress in this crucial area. Chile secured the first position with an impressive score of 86.7, while Costa Rica closely followed with an outstanding score of 91.1. El Salvador achieved a commendable score of 82.2, which reflects the nation’s dedication to maintaining high standards in its statistical system.
The World Bank’s assessment takes into account the methodologies used by countries to collect and analyze data, the variety and reliability of data sources, the regularity of data updates, and the punctuality of data publication. El Salvador’s remarkable performance can be attributed to the country’s continued efforts to enhance its statistical capabilities.
Accurate and up-to-date data is essential for a country to make informed decisions, develop effective policies, and monitor progress. El Salvador’s impressive position in the World Bank’s ranking is a testament to its commitment to data quality and its dedication to improving the lives of its citizens through well-informed governance.
As El Salvador continues to prioritize statistical capacity, it is well-positioned to further improve its ranking and play a pivotal role in shaping a more prosperous future for its people and the region as a whole.