Latin America as a region accounts for more than three trillion dollars annually. Of course, Brazil is a powerhouse economically; however, as indicated by the charts below, the Amazonian nation suffers from a chronically now income per capita. Peru, Uruguay, Colombia, and Chile are all expected to have growth rates over 5% annually. Argentina has…
Following on graphical representations of how a select subset of Latin American nations rank in terms of per capita incomes, the following chart represents the percentage change of per capita income year on year from 2010 to 2011*: *International Monetary Fund, World Economic Outlook Database, April 2011
Per capita incomes throughout Latin America currently lag behind first world nations; however, that hasn’t always been the case. Argentina, for example, counted itself as one of the wealthiest nations in the world at the turn of the 20th century. Today certain nations provide a demonstrably higher standard of living in the region due to…
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