Economy of South America
From Wikipedia, the free encyclopedia
| Population: | 364.24 million |
| GDP (PPP): | US$2.65 trillion |
| GDP (Currency): | $0.97 trillion |
| GDP/capita (PPP): | $7,264 |
| GDP/capita (Currency): | $2,663 |
| Annual growth of per capita GDP: |
-0.29% (2002) |
| Income of top 10%: | 44.37 % |
| Millionaires: | 0.3 million (0.08%) |
| Unemployment | 10.76 % (2002) |
| Most numbers are from nationmaster.com from 2002, some numbers exclude certain countries for lack of information. | |
| See also: Economy of the world - Economy of Africa - Economy of Asia - Economy of Europe - Economy of North America - Economy of Oceania - Economy of South America | |
The economy of South America comprises more than 360 million people living in 14 states and territories.
Contents |
[edit] Economic development
As of early 2007, South America is experiencing great economic development, with Venezuela, Argentina and Perú growing their economies by over 8% per annum. Brazil's economy, on the other hand, is expected to grow by a more sluggish pace during the year.
[edit] GDP ranks as of 2005
GDP (PPP) 2005
| Rank in world | Country | GDP |
|---|---|---|
| 9th | Brazil | 1,5 trillion of dollars |
| 22nd | Argentina | 533,7 billions of dollars |
| 29th | Colombia | 337,2 billion of dollars |
| 43rd | Chile | 193,2 billion of dollars |
| 50th | Peru | 167,2 billions of dollars |
| 51st | Venezuela | 163,5 billions of dollars |
| 70th | Ecuador | 57,0 billions of dollars |
| 90th | Uruguay | 34,3 billions of dollars |
| 96th | Paraguay | 28,3 billions of dollars |
| 101st | Bolivia | 25,6 billions of dollars |
| 157th | Guyana | 3,4 billions of dollars |
| 162nd | Suriname | 2,8 billions of dollars |
Source:List of countries by GDP (PPP)
GDP per capita (PPP) 2005
| Rank in world | Country | GDP per capita |
|---|---|---|
| 50 | Argentina | 14,109 |
| 56 | Chile | 11,937 |
| 65 | Uruguay | 10,028 |
| 68 | Brazil | 8,584 |
| 81 | Colombia | 7,565 |
| 96 | Venezuela | 6,186 |
| 97 | Peru | 5,983 |
| 99 | Suriname | 5,683 |
| 105 | Guyana | 4,612 |
| 107 | Paraguay | 4,555 |
| 113 | Ecuador | 4,316 |
| 125 | Bolivia | 2,817 |
Source:List of countries by GDP (PPP) per capita
[edit] Regional variation
Brazil, Argentina, Colombia and Chile, in this order, have the largest economies in South America, while Argentina, Chile and Uruguay have the best HDI of South America. Venezuela, in turn, has large oil reserves that have turned the nation into an important player in world trade.
[edit] Trade blocs
The biggest Trade Bloc in South America is Mercosur, comprising Argentina, Brazil, Paraguay, Uruguay and Venezuela. Associate states include Bolivia, Chile, Colombia, Ecuador and Peru. The second-biggest trade bloc is the Andean Community of Nations comprising Bolivia, Colombia, Ecuador, Peru, Venezuela and as of 2006 Chile. The South American Community of Nations is expected to merge both trade blocs.
 |
This section is a stub. You can help by expanding it. |
[edit] Currency
Below is a list of the currencies of South America, with exchange rates between each currency and both the Euro and US Dollars.
Table correct as of November 22, 2005; click price to obtain a current quote
[edit] Reference
- xe.com Universal Currency Converter provides latest figures.
[edit] Economic sectors
[edit] Agriculture
|
This section is a stub. You can help by expanding it. |
[edit] Manufacturing
|
This section is a stub. You can help by expanding it. |
[edit] Investing and banking
Due to histories of high inflation in nearly all South American Countries interest rates and thus investment remain high and low respectively. The important exception is Chile, which has had a head start from 1973 with low inflation, high growth, and unfortunately high unemployment economic policies under Augusto Pinochet.
This bad history remains with interest rates usually double that of the U.S. in Argentina because of its 2002 economic crisis and 80% inflation at that time, but fortunately the economy appears to have normalized since then (except for widespread tax evasion in the country). However, The Argentine´s government´s default on its loans has left it with a bad credit standing in the IMF.
Other countries with high inflation in south America are Venezuela at 22.4% and Suriname at 23%.
[edit] Global trade relations
|
This section is a stub. You can help by expanding it. |
Argentina has payed to the IMF and there is no more debt left
[edit] Economy by country
Economy of:
[edit] See also
|
|
Sovereign states Dependencies |
