South America is the fourth largest continent in the world, known for its vast extremes. Some countries struggle with crime, poverty, and deprivation, while others have high-income lifestyles, stable economies, thriving ecosystems, and highly developed industries. Chile, Brazil, and Argentina are making significant progress in globalization and integration, which is clearly yielding positive results. Discover the top-performing regions in South America by exploring our analysis of the wealthiest countries.
Suriname has an income per capita of $15,845
Located on the northeastern Atlantic coast of South America, with borders along the Atlantic Ocean to the north, French Guiana to the east, Guyana to the west, and Brazil to the south, the smallest sovereign state in South America is thriving. Aluminum ore, oil, and gold are among its top exports, traded mainly with the Netherlands, the United States, Canada, Trinidad and Tobago, and the former Netherlands Antilles islands.
Brazil’s income per capita is $16,662.
Brazil is the largest country in South America in terms of both population and landmass, making it the most multicultural and ethnically diverse nation on the continent. Ranked as an advanced emerging economy, it has the ninth-largest GDP in the world by nominal value. The country’s economy is diversified, with a mix of agriculture, industry, and services. It is known for being the top producer and exporter of various natural resources like oranges, coffee, sugar cane, cassava, sisal, soybeans, and papayas. After overcoming political challenges and economic downturn in 2014, Brazil has reestablished its position globally as the fourth richest country per capita in South America.
Argentina’s income per capita is $20,425.
Argentina is next with a per capita of $20,425. Argentina is famous for its high-quality beef, but its economy is more than just cattle. With a literate population of around 43 million and a diverse, export-oriented industry, the country has overcome its political and economic challenges to rank 2nd overall in South America in the Human Development Index and third in per capita terms.
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Uruguay – Average Income per Person: $24,051
Uruguay is the second wealthiest country in South America, mainly due to its exports of combed wool, rice, soybeans, frozen beef, malt, and milk. Although agricultural economies are often delicate, Uruguay’s economy is strong enough to sustain a per capita income of $24,051. Uruguay stands out in South America for its wealth, democracy, peace, lack of corruption, effective government, press freedom, middle class size, and prosperity.
Chile’s income per capita is $27,058
Chile, located between the Pacific Ocean and the Andes mountain range in South America, is the most prosperous country on the continent. Chile stands out in South America for its high living standards, developed economy, and advanced status as a sovereign state. It leads in human development, economic freedom, globalization, low corruption, and a low homicide rate. The country benefits from its robust mining, business and personal services, wholesale, retail trade, and manufacturing sectors, resulting in a per capita income of $27,058.
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