Argentina is the 3rd largest market in Latin America. With a Gross Domestic Product of over $879 Billion, surpassed only by Brazil and Mexico in GDP in Latin America, and the 25th in the world. Argentina began the world’s first regular radio broadcasting on 27 August 1920, and they have the highest coverage of networked telecommunications among Latin American powers: about 67% of its population had internet access.
The county’s name and currency (Bolivano) are named after Simón Bolivar, a leader in the Spanish American Wars of Independence. It is the only country in South America without direct access to an ocean.
Brazil, the only Portuguese-speaking country in Latin America and the largest in territory, 5th in the world. Their Carnaval is also known as the largest party in the world and their market for IT technical equipment is growing significantly every year.
It is little known that Chile’s territory comprises the Continental Chile, the Insular Chile and Antarctic Chile. Since July 2013, Chile is considered by the World Bank as a “high-income economy,” with a nominal per capita GDP of just above $16 thousand, the 49th in the world.
Spanish is Colombia’s official language, but there are 68 recognized ethnic languages and dialects, and English is also the official language in the archipelago of San Andrés, Providencia and Santa Catalina.
One of Cuba’s economic resources are their nickel mines. As of 2013 its reserves were estimated at 5.5 million tons, over 7% of the world total. Cuba is known for its music and Son is the basis of many other musical styles like mambo, cha-cha-chá and salsa music.
Situated in the East part of the second largest Caribbean Island, Hispaniola, it is the largest economy in the Caribbean and Central American region, being an upper middle income developing country. The service sector accounts for 60% of the GDP.
The currency in Ecuador is the American Dollar and their economy is highly dependent on their commodities, Crude Petroleum being just over 50% of their exports and their reserves are estimated at 6.51 billion barrels. Ecuador is also first in production and export of bananas.
The currency of El Salvador is the American Dollar and in 2006 it was the first country to ratify the Central America-Dominican Republic Free Trade Agreement (CAFTA). “Pupusas” are their famous dish a type of tortilla stuffed with cheese and loroco, a vine flower bud native to Central America.
Between the years of 1823 and 1838 Guatemala City was the capital of the Federal Republic of Central America, composed by present day Guatemala, EL Salvador, Honduras, Nicaragua and Costa Rica. It has the lowest literacy rate but is the largest economy in Central America, with 63% of its GDP originated in the service sector.
Guyana is the only South American country with English as its official language. Approximately 90% of its population of 740 thousand people live in the coastal in an area equivalent to only 10% of the territory. The main products exported by Guyana are sugar, gold and bauxite.
Haiti is on the western part of Hispaniola, the second largest island in the Greater Antilles. Despite having a viable tourist industry, it is one of the world’s poorest countries and the poorest in the Americas region. More than 90 percent of the government’s budget comes from an agreement with Petrocaribe, a Venezuela-led oil alliance.
Both the electrical grid, Empresa Nacional de Energía Eléctrica (ENEE) and the land-line telephone service, Hondutel are operated by the government, but Hondutel is no longer a monopoly as the telecommunication sector was opened to private investments on December 25, 2005, a requirement under CAFTA.
Jamaica is a Commonwealth realm, with Queen Elizabeth II as its monarch and head of state. Tourism and mining are the leading earners of foreign exchange. Half the Jamaican economy relies on services, with half of its income coming from services such as tourism.
Mexico is the most populous Spanish-speaking country in the world while being the second most populous country in Latin America. Because of Mexican orography, providing a landline telephone service at remote mountainous areas is expensive, and the penetration of line-phones per capita is low compared to other Latin American countries, at 40 percent; however, 82% of Mexicans over the age of 14 own a mobile phone.
The biological diversity, warm tropical climate and active volcanoes make Nicaragua an increasingly popular tourist destination. Nicaragua is considering construction of a canal linking the Atlantic to the Pacific Ocean, but the project has not yet started.
The Panamanian currency is officially the balboa, fixed at a rate of 1:1 with the United States dollar since Panamanian independence in 1903. In practice Panama is dollarized: US dollars are legal tender and used for all paper currency, while Panama has its own coinage. Because of the tie to US dollars, Panama has traditionally had low inflation. The Colón Free Trade Zone, the largest free trade zone in the Western Hemisphere accounted last year for 92% of Panama’s exports and 64% of its imports.
Without a coastline, Paraguay has access to Plata Bay through Parana and Uruguay Rivers. The country enjoys clean and renewable energy production of 8,700 MW, with a current domestic demand of only 2,300 MW. Ciudad del Este is the third most important free commercial zone in the world, trailing behind Miami and Hong Kong.
Huancayo, Peru is the location of the source of the Amazon River and Lake Titicaca between Peru and Bolivia, high in the Andes, is also the largest of South America. Peru’s main exports are copper, gold, zinc, textiles, and fish meal, and services account for 53% of Peruvian gross domestic product.
It is the smallest country in South American and the only with Dutch as the official language although Sranan, an English-based creole language, is a widely-used lingua franca. Suriname has recently started exploiting some of its sizeable oil and gold reserves.
Uruguay is regarded a high-income country and one of the most progressive nations in the world. It is ranked first in Latin America in democracy, peace, lack of corruption, e-government, and is first in South America when it comes to press freedom, size of the middle class and prosperity.
Venezuela’s economy is dominated by the petroleum sector, which accounts for roughly a third of GDP, around 80% of exports, and more than half of government revenues. Angel Falls dropping over the edge of the Auyantepui mountain in the Canaima National Park is the world’s highest uninterrupted waterfall with a height of 979 meters (3,212 ft) and a plunge of 807 meters (2,648 ft)
Latin America Regulatory Compliance Group is the expert in telecom approvals throughout the Caribbean. Many large electronics manufacturers count on LARCG’s expertise to get their equipment approved and certified in a timely manner.