There are two of them. One is Brazil, which in terms of volume has the largest share of income in Latin America, with a GDP of US$2.17 trillion. The other one is Mexico, with a GDP of US$1.65 trillion. As for 'financial centers', Mexico City has the largest income in Latin America with a GDP of US$390 billion, while Sao Paulo in Brazil has a GDP of US$388 billion.
Argentina, with a GDP of US$609 billion.
It is the second largest economy after Brazil, and roughly represents 25% of the region's GDP.
According to recent reports on the American Economy it is the "City with greatest economic growth in Latin America," presenting a percentage change in GDP per capita of 66.1% in the period 2003-2008. Also in the 2007-2008 period it was the city with the highest percentage change in GDP in Latin America with a variation of 9.59%.
The economy of Argentina is Latin America's third-largest, with a high quality of life and GDP per capita.
Latin America
Countries in Latin America that are considered developed countries include Argentina, Chile, and Uruguay. These countries generally have higher GDP per capita, advanced infrastructure, and more developed social welfare systems compared to other countries in the region.
Brazil has the highest GDP in South America.
Nicaragua qualifies as such. It has a GDP per capita of only USD 4,500: the lowest throughout mainland Latin America. It also has the lowest amount of people dedicated to industrial activities (18% of workforce).
They do live in America,but not in ''Latin America.''
North America (i.e. the United States) does. The US is the most advanced economy in the world, while most countries in Latin America are still considered emerging markets; one or two generations away from becoming developed. The most advanced economies in continental Latin America include Chile (GDP per capita of $19,100), Argentina ($19,100) and Uruguay ($16,600), which are still behind "troubled" developed nations such as Portugal ($22,900) and Greece ($23,600).
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.