The geological diversity of South America ensures the continent is relatively rich in mineral wealth, with some of the world’s largest deposits of copper, bauxite, iron ore and nickel. The copper endowment of Chile is particularly notable, accounting for 35 per cent of global copper production.
What are the 4 major minerals of Latin America?
Probably the most widely exploited metals in Latin America are copper, iron ore, gold and silver. Copper is particularly important with Chile being responsible for around 25% of global production.
Which countries in South America have mineral oil?
Two countries currently dominate Central and South American oil production: Venezuela and Brazil. Traditionally, Venezuela had been South America’s biggest producer. Its oil reserves (18% of the world’s total) outstrip those of Saudi Arabia.
What is the main religion of South America?
Religion in South America has been a major influence on art, culture, philosophy and law. Christianity is the main religion, with Roman Catholics having the most adherents. Sizeable minorities of non-religious people and adherents of other religions are also present.
What is South America’s biggest export?
South America’s major exports, in terms of value, are mostly primary commodities, including foodstuffs and plant products, fuels, and raw materials. Within the first group the most important commodities are sugar, bananas, cocoa, coffee, tobacco, beef, corn, and wheat.
Which country in South America has the best economy?
Uruguay was the South American country with the highest average income per capita, with over 16.2 thousand U.S. dollars per person per year. Chile ranked second, registering a gross national income of around 15 thousand U.S. dollars per person, based on current prices.
Which product is exported from Latin America to help boost the economy?
The main exports from Latin America are agricultural products and natural resources such as copper, iron, and petroleum.
How does South America make money?
From the 1990s onward countries in South America switched over to the system of Free-Market economy. Now, major economic activities include agriculture, industry, forestry, and mining.