GDP Per Capita for Latin America and the Caribbean as a single region is projected to increase from $9980 USD in 2010, to $12,000 in 2020 representing an increase of 120%, with a growth rate lagging behind most of the world according to data from The Frederick S. Pardee Center for International Futures. The chart below…
Below is a depiction of government debt levels for the seven largest economies in Latin America. Government debt accounted for approximately 46% of GDP across Latin America in 2011. As of 2011, European Union countries an average between 60% for the EU 15, and 74% for all European Union countries. (The EU15 comprised the following 15 countries:…
According to the Madrid based Spanish daily newspaper ABC, exit polling showed opposition candidate Henrique Capriles with a lead of 51.3% over incumbent Hugo Chávez’s 48.06% with an hour left to vote during Sunday’s presidential election in Venezuela. [1] Other reports before the election showed Capriles with a strong lead. [2] Official reports listed Chávez…
Since initiating market reforms in 1990 under the administration of President César Gaviria, Colombia’s economy has climbed from a GNI of $38 billion to over $435 billion today [1], with an expected growth rate of %4. GDP per capita increased a full 496% in the same time period; from $1,600 in 1990, to an estimated…
That Juan Peron was a fascist is debatable; that his policies were damaging to Argentina’s economy is not. Therefore, the decision to honor his wife on the country’s largest banknote may be surprising to observers, especially given recent inflation, and concerns about a stagnating economy. Sitting Argentine President Cristina Fernandez’s policies have been described as…
Despite the fact that Ecuadorian President Rafael Correa has been heavy handed in his dealings with media Since taking office in January, of 2007, Ecuador has ostentatiously demonstrated support for the freedom of the press by using their London embassy to protect Julian Assange, the founder of Wikileaks. Despite his fugitive status in the UK,…
Hugo Chavez has been president of Venezuela for 13 years, 7 months, and counting. There are concerns that he will not relinquish power, even under increased pressure from political opposition. On September the 29th, two were killed during an attack near the city of Barinas, which is the home town of the most popular opposition…
On Sunday, a powerful earthquake hit Colombia near Bogotá, Medellín, and Cali due to a subducting Nazca plate. According to the U.S. Geological Survey (USGS) the quake was a 7.3 on the Richter scale. There were no immediate reports of injuries, or damage despite the exceptional intensity of the quake. Recent significant earthquakes in Columbia include…
It has been suggested that Argentina’s economy needs a Psychologist. If so, the policies of President Cristina Fernández have not helped. Even according to questionable official reports by the Argentine government, the economy has shrunk %0.8 from the first quarter of the year. Roughly 100 years ago, Argentina thrived under a relatively free market, and…
InsightSur 