Economy of South America

Economy of South America
Statistics
Population	358,941,000 (2010)^{[N 1]}^{[N 2]}
GDP	nominal: US$3.205 trillion (2010)^{[N 1]}^{[N 2]} PPP: $3.990 trillion (2010)^{[N 1]}^{[N 2]}
GDP growth	Per capita: 5.5% (2008)^{[N 3]}^{[N 2]}^{[N 4]}
GDP per capita	nominal: US$8,929 (2010)^{[N 1]}^{[N 2]} PPP: US$11,115 (2010)^{[N 1]}^{[N 2]}
Millionaires (US$)	400,000 (0.07%)^{[N 5]}
Unemployment	9% (2002)^{[N 5]}
Top 10% income	44.37%^{[N 5]}
All values, unless otherwise stated, are in US dollars.

World economy
Africa Americas Central America North America South America Asia Europe Oceania

The economy of South America comprises around 382 million people living in twelve nations and three territories. It contributes 6 percent of the world's population.

From the 1930s to 1980s, countries of South America used what is called the Import Substitution. Import Substitution is an economic policy which replaces foreign businesses as well as imports with domestic production. This was a policy made to produce more development and help grow domestic businesses, which are not competitive with other international industries. However, this policy created a debt crisis in the South America.^[1]

It was only from 1990s when countries in South America switched over to the system of Free-Market economy. This eventually pulled countries in South America out of the debt crisis. Now, major economic activities include agriculture, forestry, and mining.

Economic sectors 1
- Agriculture 1.1
- Mining 1.2
Economy by country 2
See also 3
Notes 4
References 5

Economic sectors

Agriculture

The main agricultural products include: Coffee, soybeans, wheat, rice, corn, sugarcane, cocoa, citrus, beef, bananas and shrimp are also important agricultural products for many countries.

Mining

Chile contributes about a third of the world copper production. Brazil is the world’s leading producer of niobium and tantalum, and Peru is the largest silver producer and the second-ranked producer of bismuth and copper. ^[2]

Economy by country

Economy of:

Economic history of:

Notes

^ ^a ^b ^c ^d ^e International Monetary Fund
^ ^a ^b ^c ^d ^e ^f Excludes French Guiana
^ ECLAC
^ Excludes Guyana and Suriname
^ ^a ^b ^c NationMaster

References

^
^ [1]

Economy of South America

Sovereign states	Argentina Bolivia Brazil Chile Colombia Ecuador Guyana Paraguay Peru Suriname Uruguay Venezuela

Dependencies and other territories	Falkland Islands French Guiana South Georgia and the South Sandwich Islands

Economy of Europe

Sovereign states	Albania Andorra Armenia Austria Azerbaijan Belarus Belgium Bosnia and Herzegovina Bulgaria Croatia Cyprus Czech Republic Denmark Estonia Finland France Georgia Germany Greece Hungary Iceland Ireland Italy Kazakhstan Latvia Liechtenstein Lithuania Luxembourg Macedonia Malta Moldova Monaco Montenegro Netherlands Norway Poland Portugal Romania Russia San Marino Serbia Slovakia Slovenia Spain Sweden Switzerland Turkey Ukraine United Kingdom Vatican City

States with limited recognition	Abkhazia Kosovo Nagorno-Karabakh Northern Cyprus South Ossetia Transnistria

Dependencies and other territories	Åland Faroe Islands Gibraltar Guernsey Jersey Isle of Man Svalbard

Other entities	European Union

Economy of North America

Sovereign states	Antigua and Barbuda Bahamas Barbados Belize Canada Costa Rica Cuba Dominica Dominican Republic El Salvador Grenada Guatemala Haiti Honduras Jamaica Mexico Nicaragua Panama Saint Kitts and Nevis Saint Lucia Saint Vincent and the Grenadines Trinidad and Tobago United States

Dependencies and other territories	Anguilla Aruba Bermuda Bonaire British Virgin Islands Cayman Islands Curaçao Greenland Guadeloupe Martinique Montserrat Puerto Rico Saint Barthélemy Saint Martin Saint Pierre and Miquelon Saba Sint Eustatius Sint Maarten Turks and Caicos Islands United States Virgin Islands

Economy of Asia

Sovereign states	Afghanistan Armenia Azerbaijan Bahrain Bangladesh Bhutan Brunei Cambodia China Cyprus East Timor (Timor-Leste) Egypt Georgia India Indonesia Iran Iraq Israel Japan Jordan Kazakhstan North Korea South Korea Kuwait Kyrgyzstan Laos Lebanon Malaysia Maldives Mongolia Myanmar Nepal Oman Pakistan Philippines Qatar Russia Saudi Arabia Singapore Sri Lanka Syria Tajikistan Thailand Turkey Turkmenistan United Arab Emirates Uzbekistan Vietnam Yemen

States with limited recognition	Abkhazia Nagorno-Karabakh Northern Cyprus Palestine South Ossetia Taiwan

Dependencies and other territories	British Indian Ocean Territory Christmas Island Cocos (Keeling) Islands Hong Kong Macau

Categories

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Economy of South America