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Anonymous asked in Social ScienceEconomics · 1 decade ago

Which is the poorest country in latin america?

Can you also give me the source of where you got the information.. if it is a spanish/ hispanic website that would be great. But any will do.

Im trying to see the comparison for Peru. Thanks

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  • DanE
    Lv 7
    1 decade ago
    Favorite Answer

    Bolivia is South America’s poorest country with 70% of its 8.4 million inhabitants living in poverty and 25% who are malnourished. Its indigenous population, over 50% of the total, are routinely discriminated against and are among the poorest.

    Bolivia's 2002 gross domestic product (GDP) totaled USD $7.9 billion. Economic growth is about 2.5% a year and inflation is expected to be between 3% and 4% in 2002 (it was under 1% in 2001).

    Bolivia’s current lackluster economic situation can be linked to several factors from the past two decades. The first major blow to the Bolivian economy came with a dramatic fall in silver prices during the early 1980s which impacted one of Bolivia’s main sources of income and one of its major mining industries. The second major economic blow came from the end of the Cold War in the late 1980s and early 1990s as economic aid was withdrawn by western countries who had previously tried to keep a market liberal regime in power through financial support. The third economic blow came from the U.S. sponsored eradication of the Bolivian coca crop which was used in 80% of the worlds’ cocaine production at its peak. Along with the reduction in the coca crop came a huge loss of income to the Bolivian economy, particularly the peasant classes.

    Since 1990, the Peruvian economy has undergone considerable free market reforms, from legalizing parts of the informal sector to significant privatizations in the mining, electric/power, and telecommunications industries. Aided by foreign investment and cooperation between the former Fujimori administration, the IMF, and the World Bank, economic growth was rapid in 1994–97 and inflation was kept low.

    Still, some say that Peru's reforms have not led to sustained economic progress. According to the Center for Economic and Policy Research, a U.S.-based think tank, "Income per person in Peru – the most basic economic measure of living standards – is currently about the same as it was 25 years ago. This is a remarkable long-term economic failure.

    Poverty in Peru is high, with a poverty threshold level of 48% of the total population. However, the level is reducing slowly and it is expected to diminish to 20% of the population within 10 years.

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  • 5 years ago

    This Site Might Help You.

    RE:

    Which is the poorest country in latin america?

    Can you also give me the source of where you got the information.. if it is a spanish/ hispanic website that would be great. But any will do.

    Im trying to see the comparison for Peru. Thanks

    Source(s): poorest country latin america: https://bitly.im/wTCrP
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  • Anonymous
    1 decade ago

    Technically Haiti is latin country because speaks french, that is a latin language. But when thinking about Latin America most people don't think about Haiti, because it is completly different in economy and culture than the other Latin American countries.

    Haiti is a piece of Africa in America. It's GDP per capita is (with purchasing power parity) is 1.742 US$. The life expetancy at birth is 51,6 years and only 51,9% of the population is able to read and write

    If you take Haiti away, than you will have a though fight between Bolivia, Nicaragua, El Salvador, Honduras and Guatemala.

    Bolivia has the worst GDP per capita (2.587 US$) and the worst life expetancy at birth (64,1 years)

    Guatemala has the lowest rate of literacy: 69,1%

    Acording to the United Nations National Development Index, Guatemala is ranked in the last place in Iberian America (countries in America that speak Portuguese and Spanish): 117o. Honduras is 116, Bolivia is 113, Nicaragua 112, Nicaragua 104.

    Haiti is ranked 153.

    Peru is ranked 79.

    GDP per capita: 5.260 US$

    Life expetancy at birth: 70,0

    Literacy: 87,7%

    Source(s): United Nations Development Report 2005 www.undp.org
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  • MBK
    Lv 7
    1 decade ago

    It's a bit of a trick question because the poorest country in the Americas is usually said to be Haiti, but they are a French-speaking not a Latin country.

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  • 1 decade ago
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