Economic Policy Uncertainty (EPU) Indices for Latin America

We develop indexes of economic policy uncertainty (EPU) for the Latin American region: Argentina, Brazil, Chile, Colombia, Mexico, Peru, Bolivia, Ecuador, Paraguay, Uruguay, Venezuela, Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua, Panama, and the Dominican Republic. The methodology closely follows the procedure described in the paper “Measuring Economic Policy Uncertainty” by Scott R. Baker, Nicholas Bloom, and Steven J. Davis (QJE, 2016). 

These indexes will be regularly updated in this webpage, and can be downloaded from this link File XLSX: Opens in new window (187 KB)

South America and Mexico:

We provide Economic Policy Uncertainty (EPU) indices for Argentina, Brazil, Chile, Colombia, Mexico, Peru, Bolivia, Ecuador, Paraguay, Uruguay, and Venezuela.

  • For methodology details, see Andres Escayola et al. (2024)Opens in new window for the main economies (Argentina, Brazil, Chile, Colombia, Mexico, Peru) and Andres Escayola et al. (2025) File PDF: Opens in new window (4 MB) for Bolivia, Ecuador, Paraguay, Uruguay, and Venezuela.
  • For each country, three types of EPU are constructed:
    • Local press (Spanish or Portuguese for Brazil)
    • Foreign press (Anglo-Saxon and Spanish sources)
    • Combined press, equally weighted across all sources

Caribbean Countries:

Indices for Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua, Panama, and the Dominican Republic are developed in collaboration with the Executive Secretariat of the Central American Monetary CouncilOpens in new window (SECMCA), following Diakonova et al. (2025)Opens in new window and based on local press. For more information visit this page.

Updates

  • Caribbean indicators: updated quarterly
  • Latin American indicators: updated monthly