by Emmanuel Besserve 07-09-12
Peru's economy has had some strong growth over the last 7 years through 2010 and averaged a growth of about 7% a year. Most of this growth resulted in the market orientated economic reforms that have helped promote trade and attract investments. There was also a lot of privatization in the 1990s that were helped by the high prices for Peru’s largest commodity exports. The real GDP actually grew by about 9% over the past 3 years. read more
by Emmanuel Besserve 07-09-12
Mexico has been classified by the World Bank as an upper-middle income country. However, poverty is widespread, around 44% of the population lives under the poverty line today. What Mexico needs are higher rates of economic growth so that they can get the legitimate economic opportunities that are going to take them to the next level and get people into the workforce. read more
by Emmanuel Besserve 07-09-12
What you will find with Nicaragua is that it is the second poorest country, only Haiti is below it. However, there has been a lot of progress for Nicaragua. In 2009, the World Bank recognized that Nicaragua has reached their Millennium Goal Number 1 by actually reducing extreme poverty to below 10%, this was a large drop from the previous years. With these efforts, they have seriously reduced the levels of malnutrition. Of course, as with anything, this is a dent and there is still some pretty significant work that needs to be done. read more
by Emmanuel Besserve 07-09-12
Uruguay's economy is defined by the export-orientated sector that is based on agriculture. They have a well-educated work force and there are very high levels of social spending. Even though they had financial difficulties from the late 1990s to the early 2000s, the growth for the economy in Uruguay actually averaged 8% annually and is still growing today. Even with the rates dipping slightly, Uruguay has been able to avoid a recession and to keep moving forward at a positive growth rate, this has been higher than at the public expenditure and investment levels. The GDP growth was around 7% in the last two years. read more
by Emmanuel Besserve 07-09-12
Guatemala is the country in Central America that has the biggest population and has a GDP per capital of about one-half of the other Latin America and Caribbean nations. read more
by Emmanuel Besserve 07-09-12
You will find that Bolivia is one of the poorest countries in Latin America. There was an economic crisis there that happened in the 1980's. When this happened, the reforms caused a lot of private investment to happen and actually stimulated the economic growth. This cut the poverty rates in the 1990's. However, between 2003-2005, it was characterized as a time of political instability, racial issues, and violent protests sprung up. With this, it caused Bolivia to discover that they had natural gas reserves and they could sell them to the larger northern hemisphere markets. read more
by Emmanuel Besserve 07-09-12
Ecuador is a country that is very dependent on the petroleum resources that it has. In fact, this has accounted for more than half of the export earnings for the country. This is one third of the public sector revenue in recent years also. In 1999 and 2000 Ecuador had to deal with a severe economic crisis and their GDP shrunk by 5.3%. read more
by Emmanuel Besserve 07-06-12
First inhabited by Arawak and later by Carib Indians, the Virgin Islands were settled by the Dutch in 1648 and then annexed by the English in 1672. The islands were part of the British colony of the Leeward Islands from 1872-1960; they were granted autonomy in 1967. read more
by Emmanuel Besserve 07-04-12
The Siboney were the first to inhabit the islands of Antigua and Barbuda in 2400 B.C., but Arawak Indians populated the islands when COLUMBUS landed on his second voyage in 1493. Early settlements by the Spanish and French were succeeded by the English who formed a colony in 1667. read more
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by Emmanuel Besserve 07-09-12
Paraguay Economic Statistics: a dynamic import/export sector.
Paraguay is a landlocked country that has much to offer. The economy in Paraguay is distinguished by many informal sectors that work on reexporting and importing of consumer goods to other countries. read more