|GDP growth, 5-years average||-0.3%||-0.8%|
|GDP per capita||$12k||$8.9k|
|GDP per capita growth||-3.47%||0.33%|
Is Brazil’s economy better than Argentina?
Comparison In 2019, Brazil ranked 49 in the Economic Complexity Index (ECI 0.51), and 25 in total exports ($230B). That same year, Argentina ranked 59 in the Economic Complexity Index (ECI 0.19), and 46 in total exports ($64B).
Where does Argentina economy rank in the world?
Argentina is a developing country. Its economy is the second-largest national economy in South America, behind Brazil.
Economy of Argentina.
|GDP||$418.150 billion (nominal, 2021 est.) $1.015 trillion (PPP, 2021 est.)|
|GDP rank||31st (nominal, 2021 est.) 28th (PPP, 2021 est.)|
Is it cheaper to live in Argentina or Brazil?
Argentina is 13% cheaper than Brazil.
What is the wealthiest country in South America?
Here are the 10 richest countries in South America: United States ($18.62 Tn)
Richest Countries In South America 2021.
|GDP (IMF ’19)||$232.08 Bn|
|GDP (UN ’16)||$192.21 Bn|
|Per Capita||$192.21 Bn|
Is Chile richer than Brazil?
GDP per capita
This projection puts Chile in the 63rd place in a ranking with 192 countries. Brazil is way below, with a GDP per capita projection of US$ 16,111.56, in the 84th place. IMF projections go all the way until 2023; in that year, Chile’s GDP is estimated on US$ 31.5 thousand; Brazil’s, US$ 19.2 thousand.
Why is Brazil so poor?
Brazil is underdeveloped because its economy failed to grow or grew too slowly for most of its history. … At the time of independence (1822) Brazil had one of the least productive economies in the western hemisphere, with a per capita GDP lower than any other New World colony for which we have estimates.
Where does Brazil rank in poverty?
Brazil poverty rate for 2019 was 19.60%, a 0.2% decline from 2018. Brazil poverty rate for 2018 was 19.80%, a 0.4% decline from 2017.
Brazil Poverty Rate 1981-2021.
|Similar Country Ranking|
|Country Name||% Under US $5.50 Per Day|
What is the richest country in Africa?
Total private wealth in Africa as of 2020, by country (in billion U.S. dollars)
|Characteristic||Wealth in billion U.S. dollars|
Is Argentina a healthy country?
Argentina is a modern country with good health and dental services. Sanitation and hygiene at restaurants is relatively high, and tap water is generally safe to drink throughout the country.
Is Argentina a successful country?
The World Bank classifies Argentina as a high-income nation. The country’s economy is driven by manufacturing, agricultural exports, natural resources and the services industry, which includes a thriving tourism industry. [Explore the top universities in Argentina.]