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The Latin American countries Brazil, Mexico, Argentina, Colombia, and Chile are the region's largest economies by gross domestic product (GDP) at purchasing power parity (PPP). Cuba is not included in the list due to lack of economic data.
In recent years, relations have improved. Argentina and Chile have followed quite different economic policies. Chile has signed free trade agreements with countries such as China, the United States, Canada, South Korea, as well as European Union, and it's a member of the APEC. Argentina belongs to the Mercosur regional free trade area.
The economy of Chile operates as a market economy and is classified as a high-income economy by the World Bank. [28] It is recognized as one of the most prosperous countries in South America, [29] leading the region in areas such as competitiveness, income per capita, globalization, economic freedom, and low levels of perceived corruption. [30]
Argentina's gross domestic product (GDP) is expected to have shrunk 1.5% year-on-year in the final quarter of 2023, the third straight annualized contraction, hit by declines in virtually all ...
The first set of data on the left columns of the table includes estimates for the year 2023 made for each economy of the 196 economies (189 U.N. member states and 7 areas of Aruba, Hong Kong, Kosovo, Macau, Palestine, Puerto Rico, and Taiwan) covered by the International Monetary Fund (IMF)'s International Financial Statistics (IFS) database ...
Argentina's economy is essentially composed of competitive raw materials and services, so Lázzari, both economist and businessman, believes growth could really take off if the government can do ...
The economy of Argentina is the second-largest national economy in South America, behind Brazil. Argentina has a human Development Index classified as "very high" by the United Nations , with a highly literate population, an export-oriented agricultural sector , and a diversified industrial base.
It took months of tough talks for Argentina to reach agreement on restructuring $65 billion in debt. "This was the easy step," Stephen Liston, senior director at the Council of the Americas, said ...