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Latin America Investment News on Viva Tropical

The 5 Largest Economies in Latin America

Article Summary:

Brazil has the highest GDP in Latin America, according to figures from the International Monetary Fund, but nipping at the heals of this GDP giant is its neighbor to the north, Mexico.

Photo Credit: Playa del Carmen

Original Article Text From Prensa Libre via Google Translate :

The five Largest Economies in Latin America

The production of goods and services in Brazil during 2010 stood at U.S. $ 2,090 billion and a growth rate of 7.5% during the same year. For 2011, growth is estimated at 4.5% of GDP6

Next is Mexico with U.S. $ 1,034 billion GDP in 2010. Mexico grew during that year of 5.5% compared to 2009 and IMF projections indicate that by 2011 will have an increase of 4.6%.

According to the IMF, Argentina ranks third in Latin American economies. With a GDP of $ 370 billion, the country grew 9.2% last year. The IMF forecasts 6% GDP growth for 2011 Argentina.

Venezuela ranks fourth in IMF economic indicators with a GDP of $ 293 billion in 2010 and is the only country in Latin America that year domestic production decreased by 1.9% over 2009. It is expected to rise in GDP in 2011 of 1.8%.

The fifth place has Colombia with a GDP of $ 289 billion. Colombia grew by 4.3% of GDP in 2010 and is expected to continue growing in 2011 to 4.6%.

Link to Original Article:

From Prensa Libre

Latin America Investment News on Viva Tropical