What are the largest economies in Latin America?

List of Latin American and Caribbean countries by GDP (nominal)

RankCountryGDP (nominal) (millions of US$)
1Brazil1,977,000
2Mexico1,242,393
3Argentina408,030
4Colombia403,163

Then, which country in South America has the largest economy?

List of South American countries and dependencies by GDP (PPP)

Region RankWorld RankCountry
South America
19Brazil
229Argentina
332Colombia

Also to know, what are the two largest economic activities in Latin America?

Latin America's economy is composed of two main economic sectors: agriculture and mining. Latin America has large areas of land that are rich in minerals and other raw materials. Also, the tropical and temperate climates of Latin America makes it ideal for growing a variety of agricultural products.

Why is Venezuela so poor?

On 2 June 2010, Chávez declared an "economic war" due to increasing shortages in Venezuela. The crisis intensified under the Maduro government, growing more severe as a result of low oil prices in early 2015, and a drop in Venezuela's oil production from lack of maintenance and investment.

What did Latin American economies depend on?

Latin America's economy is composed of two main economic sectors: agriculture and mining. Latin America has large areas of land that are rich in minerals and other raw materials. Also, the tropical and temperate climates of Latin America makes it ideal for growing a variety of agricultural products.

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