Overview of GDP Per Capita (PPP) in Latin American Metro Regions, as of 2023
In 2023, Latin America showcased a diverse economic landscape as reflected in the GDP per capita across its various sub-regions. The infographic provides a detailed visual representation of this data, highlighting both the areas of prosperity and those facing economic challenges.
Top 7 Highest GDP per Capita Sub-Regions:
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Big North - With a GDP per capita of $60,515, this sub-region leads Latin America in economic wealth. Its high figures suggest a robust economy, possibly driven by advanced industries or significant foreign investments.
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PTY Metropolitan - At $52,780, this area likely benefits from urbanization, with cities serving as economic hubs fostering commerce, finance, and technology sectors.
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Patagonia - With $50,930, Patagonia’s wealth could be attributed to its natural resources, tourism, and perhaps agricultural innovation.
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Mexico Northeast - Registering $38,385, this sub-region’s economic strength might stem from a mix of industrial activities, tourism, and trade.
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Mexico Southeast - At $31,910, the Southeast’s GDP per capita indicates a solid economic base, possibly due to manufacturing, services, and agricultural productivity.
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Uruguay East - With $31,247, this area might be benefiting from coastal trade routes, agriculture, or emerging markets.
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Mexico Northwest - With $31,004, the Northwest’s economy could be influenced by proximity to the US, trade, and possibly remittances.
Top 7 Lowest GDP per Capita Sub-Regions:
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Cuba East - At $5,060, this sub-region faces significant economic challenges, which could be due to political instability, lack of infrastructure, or reliance on less profitable sectors.
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Hait Center - With $4,196, central areas might struggle with less development, possibly due to geographical isolation or lesser economic activity.
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Honduras Western - At $4,055, this region’s lower GDP might reflect issues like rural economies, less industrial development, or environmental challenges.
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Haiti North - With $3,386, the North’s economic situation could be influenced by regional conflicts, poor governance, or lack of economic diversification.
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Nicaragua North-Central - At $2,884, this area might be dealing with similar issues as the North, compounded by potentially less international aid or investment.
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Haiti South - With a stark $1,019, this sub-region’s low GDP per capita suggests deep economic distress, possibly due to civil unrest, poor resource management, or external economic pressures.
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Nicaragua Great Atlantic - At a mere $780, this region faces the most severe economic conditions, which could be due to extreme poverty, lack of basic infrastructure, or ongoing crises affecting economic stability.
Geographical Insights:
The map visually divides Latin America into various color-coded zones, with darker shades representing higher GDP per capita and lighter shades indicating lower economic output. Countries like Mexico, parts of Brazil, and Argentina show higher economic standing, while regions in Central America, parts of the Caribbean, and some South American countries like Venezuela and Haiti are at the lower end.
Conclusion:
This infographic not only highlights the economic disparity within Latin America but also prompts discussions on the factors influencing these figures. From political stability, resource distribution, international trade, to internal policies, various elements contribute to the economic narrative of each sub-region. Understanding these dynamics is crucial for policymakers, economists, and anyone interested in the socio-economic development of Latin America.
The source and discussion for this infographic map came from Reddit.