The Economy of South America contributes to 6% of the world’s population. South America has a rapidly developing economy. With many industries and a flourishing trade and import-export market.
South America is experiencing a great economic development, with Venezuela, Colombia, Argentina, Uruguay and Peru growing their economies by more than 8% p.a. Brazil’s economy, which is the 7th largest in the world and the 2nd largest in the Americas, on the other hand, is expected to grow by a more bearish pace in the upcoming future. South American Economy relies heavily on the exports of commodities.
Last Updated on : 25th June 2013