Menu Close

What Latin American country has the worst economy?

What Latin American country has the worst economy?

Cuba is not included in the list due to lack of economic data. Puerto Rico is not listed since it is an unincorporated territory of the United States….Ranking.

Rank 1
Country Brazil
GDP (millions of US$) 1,363,767
GDP per capita 2021 (US$) 7,010

What are the 3 poorest economies in Latin America?

Bolivia reports the lowest incomes out of any South American country. Editorial credit: Goran Bogicevic / Shutterstock.com….The Poorest Countries In South America.

Rank Nation Per Capita Income (USD)
1 Venezuela $3,374
2 Bolivia $3,683
3 Guyana $4,648
4 Suriname $5,799

What is the poorest country in Latam?

Here are the 10 poorest countries in South America: Montserrat ($62.05 Mn) Anguilla ($337.52 Mn)…Poorest Countries In South America 2021.

Country Montserrat
GDP (IMF ’19)
GDP (UN ’16) $62.05 Mn
Per Capita $62.05 Mn

Which country is the poorest and has a bad economy in South America?

With a Gross Domestic Product (GDP) per capita of US$1,149.50 and a Human Development Index ranking of 170 out of 189 countries in 2020, Haiti remains the poorest country in the Latin America and Caribbean region and among the poorest countries in the world.

Which Latin country is the richest?

Brazil
List of Latin American and Caribbean countries by GDP (PPP)

Rank Nation GDP (PPP) per capita (Intl$)
1 Brazil 15,642
2 Mexico 20,266
3 Argentina 22,141
4 Colombia 15,184

What is the richest city in Latin America?

10 Richest Cities in Latin America

  • Rio de Janeiro, Brazil.
  • Buenos Aires, Argentina.
  • Santiago de Chile, Chile.
  • Bogota, Colombia.
  • Guayaquil, Ecuador.
  • Lima, Peru.
  • Montevideo, Uruguay.
  • Brasilia, Brazil. Brazil’s government is located in Brasilia, and it’s one of the country’s financial centers.

What is the richest Latin American country?

What is the safest Latin American country?

Chile
Why It’s Safe: Chile is ranked the safest country in South America by the Global Peace Index and there are currently no travel warnings or alerts for Chile from the U.S. State Department. In fact, Chile consistently ranks as one of the top 30 safest countries in the world.

Is Brazil richer than Canada?

Brazil has a GDP per capita of $15,600 as of 2017, while in Canada, the GDP per capita is $48,400 as of 2017.

What is the cheapest Latin American country to live in?

Panama City ranks as the cheapest place to live in Latin America. A global study of the cost of living published by the EIU ranks the most expensive and cheapest cities in the world.

Which is the worst country in Latin America?

So far this year, the Brazilian stock market has underperformed all of the major Latin American markets with accompanying exchange traded funds, namely Chile (ECH), Peru (EPU), Colombia (GXG) and Mexico. In terms of GDP growth, Brazil is not as bad as these guys! Source: World Bank.

Which is the most competitive economy in Latin America?

But there are still success stories. Here are the top 10 performers in the region. 1. Chile remains the most competitive economy in Latin America, with a strong institutional set-up, low levels of corruption and an efficient government. It also boasts solid macroeconomic stability with a small public deficit and low public debt.

What are the economic risks in Latin America?

That said, the outlook remains clouded by several downside risks, including social unrest in several countries, elevated unemployment, deteriorated fiscal metrics, further flare-ups of the virus and a potentially slow vaccine rollout.

What is the economic outlook for Latin America?

FocusEconomics analysts expect Latin America’s economy to expand 1.9%, down 0.2 percentage points from last month’s forecast. For 2020, the regional economy is projected to grow 2.5%.