| Economy Of South America |
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|+ Economy of South America During 2003 unless otherwise stated |- |Population: | 364.24 million |- | GDP ( PPP ): | US$ 2.65 trillion |- | GDP ( Currency ): |$0.97 trillion |- |GDP/capita ( PPP ): |$7,264 |- |GDP/capita ( Currency ): |$2,663 |- |Annual growth of per capita GDP: poop on you |- |Income of top 10%: |44.37 % |- | Millionaires : | 0.3 million (0.08%) |- | Unemployment |10.76 % ( 2002 ) |- | align="center" colspan="2" | Most numbers are from nationmaster.com from 2002 , some numbers exclude certain countries for lack of information. |- | align="center" colspan="2" | |} The economy of South America comprises more than 360 million people living in 14 states and territories. Economic development Future Regional variation Trade blocs The biggest Trade Bloc in South America is compromised of Peru, Colombia, Ecuador, Bolivia and Venezuela. South American Community of Nations The South American Community Of Nations (SACN) will be a continent-wide Free Trade Zone that will unite two existing Free-trade organizations— Mercosur and the Andean Community —eliminating tariffs for ''non-sensitive products'' in ten years and ''sensitive products'' in fifteen years. Currency Below is a list of the currencies of South America, with exchange rates between each currency and both the Euro and US Dollars . ''Table correct as of November 22 2005 ; click price to obtain a current quote'' Reference
Economic sectors Agriculture Manufacturing Investing and banking Due to histories of high inflation in nearly all South American Countries interest rates and thus investment remain high and low respectively. The important exception is Chile, which has had a head start from 1973 with low inflation, high growth, and unfortunately high unemployment economic policies under Augusto Pinochet. This bad history remains with interest rates usually double that of the U.S. in Argentina because of its 2002 economic crisis and 80% inflation at that time, but fortunately the economy appears to have normalized since then (except for widespread tax evasion in the country). However, The Argentine´s government´s default on its loans has left it with a bad credit standing in the IMF. Other countries with high inflation in south America are Venezuela at 22.4% and Suriname at 23%. Global trade relations Economy by country Economy of: See also |