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How does Mexico Central and South America fit into the global economy?
Wiki User
∙ 13y ago
The combined economy of Latin America (Mexico, Central and South America, as well as the Caribbean islands) is of some 5.99 trillion dollars or roughly 42% of America's GDP and 8.05% of the world's GDP. Also, with a population of 568 million, it stands as having the 8.3% of the world's population. Comparatively speaking, Latin America would be the fourth largest economy, behind the European Union, the United States and China.
Unlike regions such as South-Central Asia or Africa, Latin America has had a relatively calm political and social environment with little to no conflicts among these countries, which has allowed for greater investment from developed nations such as the US, England, France and Spain.
On a GDP per capita basis most Latin American countries, including the largest ones (Argentina, Mexico, Brazil, Chile, Peru, Venezuela, and Colombia), have per capita GDPs greater than that of China in 2009, while the majority of Latin America is substantially more developed than China. According to some estimates, by 2050 the largest economies in the world will be as follows: China, United States, India, Brazil, and Mexico.
Wiki User
∙ 13y ago
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