LATIN AMERICA perspectives

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UNITED NATIONS ECLAC – LATAM & Caribbean preliminary numbers / information, refreshed as of July 2021.

 

South America

Following states are all members of the United Nations[5] and current or former members of the Union of South American Nations.[6]

Flag Map English short and formal names, and ISO code[7][8][9] Domestic short and formal names
[7][8]
Capital
[9][10][11]
Population
[12]
Area
[13]
Flag of Argentina
Map showing Argentina
Argentina

Argentine Republic

ARG

SpanishArgentina — República Argentina Buenos Aires

SpanishCiudad de Buenos Aires

44,361,150 2,780,400 km2 (1,073,518 sq mi)
Flag of Bolivia
Map showing Bolivia
Bolivia

Plurinational State of Bolivia

BOL

SpanishBolivia — Estado Plurinacional de Bolivia

QuechuaBuliwya

AymaraWuliwya

Sucre (official)
and La Paz (seat of government)SpanishSucre[n 1]
11,353,142 1,098,581 km2 (424,164 sq mi)
Flag of Brazil
Map showing Brazil
Brazil

Federative Republic of Brazil

BRA

PortugueseBrasil — República Federativa do Brasil Brasília

PortugueseBrasília

209,469,323 8,514,877 km2 (3,287,612 sq mi)
Flag of Chile
Map showing Chile
Chile [n 2]

Republic of Chile

CHL

SpanishChile — República de Chile Santiago[n 3]

SpanishSantiago

18,729,160 756,102 km2 (291,933 sq mi)
Flag of Colombia
Map showing Colombia
Colombia

Republic of Colombia

COL

SpanishColombia — República de Colombia Bogotá / Santa Fe de Bogotá

SpanishBogotá

49,661,048 1,138,910 km2 (439,736 sq mi)
Flag of Ecuador
Map showing Ecuador
Ecuador

Republic of Ecuador

ECU

SpanishEcuador — República del Ecuador

QuechuaIkwadur

Quito

SpanishQuito

17,084,358 283,561 km2 (109,484 sq mi)
Flag of Guyana
Map showing Guyana
Guyana

Co-operative Republic of Guyana

GUY

English: Guyana — Co-operative Republic of Guyana Georgetown

English: Georgetown

779,006 214,969 km2 (83,000 sq mi)
Flag of Paraguay
Map showing Paraguay
Paraguay

Republic of Paraguay

PRY

SpanishParaguay — República del Paraguay

GuaraniParaguai — Tetã Paraguai

Asunción

SpanishAsunción

6,956,066 406,752 km2 (157,048 sq mi)
Flag of Peru
Map showing Peru
Peru

Republic of Peru

PER

SpanishPerú — República del Perú

QuechuaPiruw

AymaraPiruw

Lima

SpanishLima

31,989,260 1,285,216 km2 (496,225 sq mi)
Flag of Suriname
Map showing Suriname
Suriname

Republic of Suriname

SUR

DutchSuriname — Republiek Suriname Paramaribo

DutchParamaribo

575,990 163,820 km2 (63,251 sq mi)
Flag of Uruguay
Map showing Uruguay
Uruguay

Eastern Republic of Uruguay[n 4]

URY

SpanishUruguay — República Oriental del Uruguay Montevideo

SpanishMontevideo

3,449,285 176,215 km2 (68,037 sq mi)
Flag of Venezuela
Map showing Venezuela
Venezuela

Bolivarian Republic of Venezuela

VEN

SpanishVenezuela — República Bolivariana de Venezuela Caracas

SpanishCaracas

28,887,118 912,050 km2 (352,144 sq mi)

Since the end of the economic crisis in Brazil and Argentina that occurred in the period from 1998 to 2002, which has led to economic recession, rising unemployment and falling population income, the industrial and service sectors have been recovering rapidly. All of South America after this period has been recovering and showing good signs of economic stability, with controlled inflation and exchange rates, continuous growth, a decrease in social inequality and unemployment–factors that favor industry.[92]

The main industries are: electronics, textiles, food, automotive, metallurgy, aviation, naval, clothing, beverage, steel, tobacco, timber, chemical, among others. Exports reach almost US$400 billion annually, with Brazil accounting for half of this.[92]

The economic gap between the rich and poor in most South American nations is larger than on most other continents. The richest 10% receive over 40% of the nation’s income in Bolivia, Brazil, Chile, Colombia, and Paraguay,[94] while the poorest 20% receive 4% or less in Bolivia, Brazil, and Colombia.[95] This wide gap can be seen in many large South American cities where makeshift shacks and slums lie in the vicinity of skyscrapers and upper-class luxury apartments; nearly one in nine South Americans live on less than $2 per day (on a purchasing power parity basis).[96]

Country GDP (nominal)
in 2017 (in millions of dollars)
[97]
GDP (PPP)
in 2017 (in millions of dollars)
[97]
GDP (PPP)
per capita
in 2017
[97]
Merchandise
exports

($bn), 2011[91]
HDI
in 2017

(rank)[98]
Percent with
less than
$2 (PPP)
per person
per day
Argentina 628,935 912,816 20,707 83.7 0.825 2.6
Bolivia 39,267 83,608 7,552 9.1 0.693 24.9
Brazil 2,140,940 3,216,031 15,485 250.8 0.759 10.8
Chile 251,220 455,941 24,796 86.1 0.845 2.7
Colombia 306,439 720,151 14,609 56.5 0.747 15.8
Ecuador 97,362 184,629 11,004 22.3 0.752 10.6
Falkland Islands (UK) 206.4 206.4 70,800 0.26
French Guiana(France) 4,456 4,456 19,728 1.3
Guyana 3,591 6,398 8,306 0.9 0.654 18.0
Paraguay 28,743 68,005 9,779 9.8 0.702 13.2
Peru 207,072 429,711 13,501 46.3 0.750 12.7
Suriname 3,641 7,961 13,934 1.6 0.720 27.2
Uruguay 58,123 77,800 22,271 8.0 0.804 2.2
Venezuela 251,589 404,109 12,856 92.6 0.761 12.9
Total 3,836,569 6,642,623 17,852 669.1 0.772 11.3

Economically largest cities as of 2014

Rank City Country GDP in Int$ bn[101] Population (mil)[101] GDP per capita
1 São Paulo Brazil $430 20,847,500 $20,650
2 Buenos Aires Argentina $315 13,381,800 $23,606
3 Lima Peru $176 10,674,100 $16,530
4 Rio de Janeiro Brazil $176 12,460,200 $14,176
5 Santiago Chile $171 7,164,400 $32,929
6 Bogotá Colombia $160 9,135,800 $17,497
7 Brasília Brazil $141 3,976,500 $35,689
8 Belo Horizonte Brazil $84 5,595,800 $15,134
9 Porto Alegre Brazil $62 4,120,900 $15,078
10 Campinas Brazil $59 2,854,200 $20,759

Economic statistics

Country/Territory Currency GDP (PPP) per capita[n 8]
(2008 est. in U.S. dollars)
Notes
Argentina Argentine peso 14,200 [16]
Bolivia Boliviano 4,500 [17]
Bouvet Island (Norway) Norwegian Krone 0
Brazil Brazilian real 10,100 [18]
Chile Chilean peso 14,900 [19]
Colombia Colombian peso 8,900 [20]
Ecuador United States dollar 7,500 [21]
Falkland Islands (United Kingdom) Falkland Islands pound 35,400 (2002 est.) [22]
French Guiana (France) Euro 6,000 (2001 est.) [23][24]
Guyana Guyanese dollar 3,900 [25]
Paraguay Paraguayan guaraní 4,200 [26]
Peru Peruvian sol 8,400 [27]
South Georgia and the South
Sandwich Islands
 (United Kingdom)
Falkland Islands Pound 0
Suriname Surinamese dollar 8,900 [28]
Uruguay Uruguayan peso 12,200 [29]
Venezuela Venezuelan bolívar 13,500 [30]

 

The top ten largest South American metropolitan areas by population as of 2015, based on national census numbers from each country:

Metro Area Population Area Country
São Paulo 21,090,792 7,947 km2 (3,068 sq mi) Brazil
Buenos Aires 13,693,657 3,830 km2 (1,480 sq mi) Argentina
Rio de Janeiro 13,131,431 6,744 km2 (2,604 sq mi) Brazil
Lima 9,904,727 2,819 km2 (1,088 sq mi) Peru
Bogotá 9,800,225 4,200 km2 (1,600 sq mi) Colombia
Santiago 6,683,852 15,403 km2 (5,947 sq mi) Chile
Belo Horizonte 5,829,923 9,467 km2 (3,655 sq mi) Brazil
Caracas 5,322,310 4,715 km2 (1,820 sq mi) Venezuela
Porto Alegre 4,258,926 10,232 km2 (3,951 sq mi) Brazil
Brasilia 4,201,737 56,433 km2 (21,789 sq mi) Brazil

 

Central America

 

 

Economy size for Central American countries per Gross domestic product
Country GDP (nominal)[45][a] GDP (nominal) per capita[51][52] GDP (PPP)[46][a]
Belize 1,552 $4,602 2,914
Costa Rica 44,313 $10,432 57,955
El Salvador 24,421 $3,875 46,050
Guatemala 50,303 $3,512 78,012
Honduras 18,320 $2,323 37,408
Nicaragua 7,695 $1,839 19,827
Panama 34,517 $10,838 55,124

 

 

The Caribbean

 

© Onestopmap, https://www.onestopmap.com/

 

The Caribbean
  • Aruba
  • Bahamas
  • Barbados
  • Belize
  • Cayman Islands (U.K.)
  • Curaçao (Netherlands)
  • Dominican Republic
  • Guyana
  • Haiti
  • Jamaica
  • Organisation of Eastern Caribbean States (OECS)
    • Antigua and Barbuda
    • Dominica
    • Grenada
    • Saint Kitts and Nevis
    • Saint Lucia
    • Saint Vincent and the Grenadines
  • Sint Maarten
  • Suriname
  • Trinidad and Tobago
  • Turks and Caicos

 

The Caribbean is a diverse region with significant economic potential and growth opportunities. Gross National Income (GNI) per capita varies from around US$800 to over US$30,000 and most countries rely primarily on tourism, while some on commodity exports.

With its stunning scenery and vibrant cultures, the Caribbean is one of the world’s top tourist destinations. Sustainable use of ocean resources, known as the “blue economy,” offers potential for economic diversification, while preserving the region’s environment, as well as further development of other sectors with potential for growth.

Many small economies, including those that are tourism-dependent, were maintaining a positive growth rate prior to the onset of the COVID-19 pandemic. The Caribbean has been badly impacted by the near halt in tourism. The Caribbean economy contracted an estimated 8.6% in 2020, and by 12.6% excluding Guyana. Many jobs are affected, and a recent high frequency phone survey in one of the Caribbean small states suggests that poverty headcounts are rising, though the magnitude and duration of this increase will depend on the pace of economic recovery. The progression of the pandemic and vaccination efforts will have a major impact on the speed and scope of recovery.

Caribbean countries are extremely vulnerable to climate change and natural disasters. Extreme weather events are common – the region experienced nine hurricanes at Category 3 and above in 2019-2020, and a record number of named storms in the 2020 hurricane season.  When a hurricane strikes, it can wipe out more than the entire annual GDP of a small island and it is often the poorest that suffer the most. Major hurricanes include Irma and Maria in 2017, and Dorian in 2019. In April 2021, the eruption of the La Soufrière volcano in Saint Vincent and the Grenadines has required mass evacuations, and is having widespread impacts on the country’s people, infrastructure, and economy.

Building fiscal and financial resilience and investing in preparedness – be it physical, health-related, or social safety nets – are critical to reducing the large human and economic costs caused by climate change.  to the Caribbean also aims to develop new sources of economic growth and high productivity jobs, which will require investing in people and climate adaptation, improving the investment climate and connectivity, and safeguarding the environment.

Last Updated: Apr 22, 2021

 

 

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