SOUTH AMERICA
South America comprises 12 nations and a total of 382 million people. The economic landscape of each of these nations is very different and they are all developing at a different rate, although tourism and manufacturing are both key industries continent-wide. Since the 1990s, countries such as Argentina, Peru and Venezuela have managed to achieve economic growth each year, while growth in countries such as Brazil has been at a much slower rate even though Brazil has one of the highest levels of exports in the region.
The GDP of Brazil was one of the highest in 2013, while Suriname was one of the lowest. However, when these figures are looked at per capita, the highest is actually Argentina with $17,376. Chile follows along with Uruguay and Venezuela. Brazil is actually fifth in the list of countries per capita and Bolivia is at the
bottom of the list with $4843. The gross national income (GNI) for 2013 also puts Argentina at the top of the list with Guyana at the bottom.
External debt is one of the factors that affect a nation’s economy and for some time Brazil have had more debt than any of the other nations in the region. In 2009 it was considered to be almost double that of Argentina, the next country on the South American list. The region’s smallest external debt was that of Suriname.
Economic growth tables in 2013 only put Brazil at 2.8%, matching with Venezuela but far lower than any of the other countries, which average around 6%. However, in terms of unemployment Brazil is not one of the highest. At 5.4% it is estimated to have the lowest rate of unemployment in the South American region while Argentina is just below
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