North and South Latin America Trade Opportunities in the U.S., Mexico, Argentina, Brazil, Chile, Colombia, Venezuela and the Caribbean
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Latin America Business Opportunities


Successful Market Economies in Latin America


Latin AmericaAs an overall market, Latin America is identified by four major regional markets: Mexico, South America, Central America and the Caribbean. It continues to be a major market opportunity for the U.S. with exports to the region valued at over $300 billion per year. High market growth opportunities are emerging in many industrial sectors through out Latin America.

In the world market, Latin America has had stable, real GDP performance for the past recent years and its purchasing power per capita has grown. Latin American and the Caribbean is expected to expand by 4.5% GDP in 2011 and to moderate to about 4.0% in 2012. Although the slowdown that has occurred in more advanced economies is expected to have only a moderate effect in most Latin American countries, large risks in the outlook may exist.

Over the past several years, Latin American governments have taken advantage of a very favorable global environment, and able to respond to domestic and international economic fluctuations. More recently, global slowdown fears are starting to weigh on the region's financial markets (equities, currencies, and commodities being impacted).

Key economic comparatives relative to major countries and markets around the globe are summarized in the following tables. (You can visit Consensus Economics and the IMF web sites for additional information on the economic outlook for Latin America and other countries and regions.)


Economic Comparatives
  13 GDP
(US $billion)
13 GDP/ Capita (US$) 13 Pop.(million) Real GDP
(% Change)
Inflation
(% Change)
12 13E 14F 12 13E 14F
Latin America
5,160 7,733 589.0 2.9 2.7 3.1 5.9 6.7 6.5
United States
16,237 52,340 317.4 2.8 1.6 2.6 2.1 1.4 1.5
Japan
5,149 47,880 126.6 2.0 2.0 1.2 0.0 0.0 2.9
China
9,020 5,720 1,350.7 7.7 7.6 7.3 2.6 2.7 3.0
Germany
3,597 44,260 80.6 0.9 0.5 1.4 2.1 1.6 1.8
United Kingdom
2,442 38,670 63.2 0.2 1.4 1.9 2.8 2.7 2.3
European Union
17,227 16,869 507.2 -0.6 -0.4 1.0 2.5 1.5 1.5
Eastern Europe
1,973 4,812 410.1 1.4 2.3 2.7 5.8 4.1 3.5
Asia Pacific
3,604 4,600 2,021.4 3.8 5.9 6.2 4.4 4.5 4.4
Source: Consensus Economics (www.consensuseconomics.com); IMF
E = Estimate F = Forecast


Latin America Free Trade Pacts and Agreements

The United States and countries throughout Latin America have put in place numerous trade agreements. (More info on U.S. Free Trade Agreements)

Chile alone claims to have more bilateral or regional trade agreements than any other country. It has 60 such agreements (not all of them full free trade agreements), including with the European Union, Mercosur, China, India, South Korea, and Mexico. Additionally, the country deepened its longstanding commitment to trade liberalization with the signing of a free trade agreement with the U.S., which took effect on 1 January 2004.



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Latin America Fast Facts
Population
589.0 million (2012)
GDP Growth %
2.7 (13 E)
3.1 (14 F)
GDP
5,765 billion US$
GDP per Capita
12.332 US$
Inflation Rate (%)
6.7 (13 E)
3.0 ('14 E)
E = Estimate F = Forecast

Key Trade Agreements for Latin America

North American Free Trade Agreement(NAFTA) United States, Mexico, Canada
Mercosur Regional Trade Organization Member Countries: Argentina, Brazil, Paraguay, Uruguay, Venezuela
Associate Members: Bolivia, Chile, Colombia, Ecuador, Peru
Observing Members: Mexico
Central American Free Trade Agreement(DR CAFTA) Member Countries: Costa Rica, Dominican Republic, El Salvador, Guatemala, Honduras, Nicaragua, United States
Andean Community of Nations (CAN) Member Countries: Bolivia, Colombia, Ecuador, Peru
Associate Members: Argentina, Brazil, Chile, Paraguay, Uruguay
Observing Members: Mexico, Panama, Sahrawi Arab Democratic Republic, Spain
ALADI Latin America Integration Association Argentina, Bolivia, Brazil, Chile, Colombia, Cuba, Ecuador, Mexico, Nicaraqua, Panama, Paraguay, Peru, Uruguay, Venezuela
ALBA Bolivarian Alliance for the People of our America Antiqua, Bolivia, Cuba, Dominica, Ecuador, Nicaraqua, San Vincent, Venezuela
G-3 Agreement Colombia, Mexico, Venezuela


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