Which country has the best economy in South America?

Uruguay was the South American country with the highest average income per capita, with over 15.8 thousand U.S. dollars per person per year. Chile ranked second, registering a gross national income of around 13.5 thousand U.S. dollars per person, based on current prices.

Why Central America is important part of the world?

Central America is . . . of great importance to the United States . . . When half of our shipping tonnage and imported oil passes through Caribbean shipping lanes and nearly half of all our foreign trade passes through the Panama Canal and Caribbean waters, America’s economy and well-being are at stake.

What is the richest country in Central America?

Politically, Costa Rica is the most stable country in Central America. El Salvador: According to the World Bank, El Salvador is the fourth-largest economy in the region, and has a GDP PPP of $50,903 million….Currency by country.

Countries	Official Currency
Panama	Balboa / US dollar

What is the poorest South American country?

Here are the 10 poorest countries in South America: Montserrat ($62.05 Mn) Anguilla ($337.52 Mn)…Poorest Countries in South America 2021.

Country	Bolivia
GDP (IMF ’19)	$43.69 Bn
GDP (UN ’16)	$33.81 Bn
Per Capita	$33.81 Bn

What is the meaning of one belt one road?

One Belt One Road (OBOR), the brainchild of Chinese President Xi Jinping, is an ambitious economic development and commercial project that focuses on improving connectivity and cooperation among multiple countries spread across the continents of Asia, Africa, and Europe.

Why is Mexico so important to North America?

Also, a unique characteristic shared by most North American countries is that they are bicoastal. Mexico enjoys direct port access to both the Atlantic and Pacific oceans. Historically, access to European markets – greatly facilitated by access to the Atlantic Ocean – was key to a country’s ability to benefit from trade.

Is the United States of America part of Canada or Mexico?

The United States of America consists of fifty states, neither of which are Canada or Mexico, since Canada and Mexico are separate countries from each other and the USA. However, Canada, USA, and Mexico are all part of North America, which is a continent.

Why is there a distinction between Mexico and Central America?

Since the beginning, there has been a distinction in ruling between Mexico and Central America. The same type of division can be seen during the centuries of Spanish rule. The Spanish divided their kingdom into New Spain (from the U.S. to the border of Panama) and New Granada (from Panama to South America).

How did the United States get rid of Mexico?

Mexico’s territory was first reduced by the Louisiana Purchase, signed by U.S. President Thomas Jefferson in 1803. In 1836, the Republic of Texas formed and broke away from the main territory, and 10 years later the Mexican-American War started.