This paper summarizes a study of changes in per-capita income, monetary poverty, and income distribution in 9,045 subnational administrative units of nine Latin American countries between the mid-1990s and mid-2000s. The results largely support spatial convergence of mean household incomes, although the estimates indicate it has been slow. Territorial inequality is found to be persistent and reduces the pro-poor effect of local income growth. Although national-context specific, the estimates also indicate that territorial development dynamics are influenced by the structural features of the territories. In view of the evidence, territorial development policies in Latin America seem well warranted.