₦airaland Forum

5 fastest growing latin american countries

1. Montserrat[a] 7.40 2011 est.
2 Panama 5.40 2017 est.
3 Nicaragua 4.90 2017 est.
4 Honduras 4.80 2017 est.
5 Dominican Republic 4.60 2017 est.

5 Fastest growing economies in Africa

Niger (11.2%),
Senegal (8.2%),
Libya (7.9%),
Rwanda (7.2%),
Cote d’Ivoire (6.8%),

Ofodirinwa:
Direct quote from your links

Mexico
$2.017 trillion (nominal; 2024)[4]
Increase $3.434 trillion (PPP; 2024)[4]


Africa
$3.1 trillion
https://en.wikipedia.org/wiki/Economy_of_Africa#:~:text=$3.1%20trillion%20(nominal;%202023%20est)%20$8.86%20trillion%20(PPP;%202023%20est)
$8.86 trillion (PPP; 2023 est)



Growth Rate - Latin America (Last of all world regions)


Growth Rate - Second of all world regions.





idk if someone is selling you the dream of getting a visa to Peru or what but you will just find yourself unemployed and trying to sneak into America.

Growth Rate - Africa

With the GDP, I apologise I confused the nominal with the PPP. But the point still stands anyway. If just 1 Latin American country is over 2/3rd of the GDP of the entire African Continent. That reveals as to how much wealthier, more advanced and prosperous Latin America is to Africa. No one is selling me a dream but I’m giving Africans like you a reality check. Many Africans believe they do or could measure up to the western world but they don’t even measure upto Latin America.

Latin America and the carribean is nowhere near as rich or developed as the West or East, but at the same time it’s nowhere as poor or undeveloped as Africa. African countries still suffer from problems that Latin American countries got rid of in the previous century. Latin America has a way brighter future ahead of it than Africa especially if the West decides to funnel in more funds and set up businesses there to act as a counterbalance to China’s growing power.

Africa having the highest growth rate is hardly impressive because it is the least developed continent on earth.

There is a global power shift, but power is not moving to Africa LITERALLY 😂😂. The new world powers in this century are going to be from regions such Asia (India,China, Philippines, Vietnam) as well as Latin America (Brazil, Mexico,Argentina and Chile)

Africa is the toilet of the world. It’s where other countries dump their s***

Ofodirinwa:
Direct quote from your links

Mexico
$2.017 trillion (nominal; 2024)[4]
Increase $3.434 trillion (PPP; 2024)[4]


Africa
$3.1 trillion
https://en.wikipedia.org/wiki/Economy_of_Africa#:~:text=$3.1%20trillion%20(nominal;%202023%20est)%20$8.86%20trillion%20(PPP;%202023%20est)
$8.86 trillion (PPP; 2023 est)



Growth Rate - Latin America (Last of all world regions)


Growth Rate - Second of all world regions.





idk if someone is selling you the dream of getting a visa to Peru or what but you will just find yourself unemployed and trying to sneak into America.

Growth Rate - Africa

Latin America is by no means a paradise but it’s far better off than Africa and its problems be it in the current and in the future are nowhere as severe as Africa’s problem.
another reason why Africa won’t catch up with the world is because it has an unsustainable population growth. Africa can’t even support its current population and its population is going to double or triple in the coming decades.

Not all Latinos are border hoppers. In fact, with some Latin American countries there has been a reverse in immigration. More Mexicans leave than enter the US.

Sladem05:
Latin America is by no means a paradise but it’s far better off than Africa and its problems be it in the current and in the future are nowhere as severe as Africa’s problem.
another reason why Africa won’t catch up with the world is because it has an unsustainable population growth. Africa can’t even support its current population and its population is going to double or triple in the coming decades.

Not all Latinos are border hoppers. In fact, with some Latin American countries there has been a reverse in immigration. More Mexicans leave than enter the US.

Yeah china gives u oxygen 2 breathe


Theyre superhumans on earth


Keep preaching dem gospel

HellVictorinho8:
Yeah china gives u oxygen 2 breathe


Theyre superhumans on earth


Keep preaching dem gospel

Spouting the truth is not worshipping.

Sladem05:
Spouting the truth is not worshipping.

U think using d word truth makes any difference




Dey play

HellVictorinho8:
U think using d word truth makes any difference




Dey play

Nope your just incredibly delusional

Sladem05:
Nope your just incredibly delusional

Try again later

HellVictorinho8:
Try again later

But you are now, your just another misguided Afrocentrist.

Sladem05:
But you are now, your just another misguided Afrocentrist.

No network

HellVictorinho8:
No network

😂😂

Sladem05:
😂😂

but dis is wickedness


i cant be making u laugh 4 free

what can u do 4 me in dat regards


dat was how i mistakenly made sum whoevers on dis damd 4rum 2 laugh 4 nothing d other day


u know what

i give up


its such a sad one

Sladem05:
Latin America is by no means a paradise but it’s far better off than Africa and its problems be it in the current and in the future are nowhere as severe as Africa’s problem.
another reason why Africa won’t catch up with the world is because it has an unsustainable population growth. Africa can’t even support its current population and its population is going to double or triple in the coming decades.

Not all Latinos are border hoppers. In fact, with some Latin American countries there has been a reverse in immigration. More Mexicans leave than enter the US.

Bro if someone is offering you a visa to Latin america and your immediate plan isn't walk to the US, be careful LOL. Latin America has the world's worst gangs, most violence cities and is the epicenter of the drug trade. I don't know if you're trying to justify some sort of decision you have already made but I've debunked your data and you're continuing so be careful over there.

Ofodirinwa:
Bro if someone is offering you a visa to Latin america and your immediate plan isn't walk to the US, be careful LOL. Latin America has the world's worst gangs, most violence cities and is the epicenter of the drug trade. I don't know if you're trying to justify some sort of decision you have already made but I've debunked your data and you're continuing so be careful over there.

You’re salty at this point as I’ve proven that Africa is nowhere Latin America in terms of development. If a country like Mexico on its own is around 2/3rd’s of the GDP of the entire African continent. You realise as to how crazy and embarrassing that is for the African side?
You debunked nothing 😂😂!

1. Africa is more violent than Latin America and it’s not even close. African crime is more likely to underreported as African countries have worse freedom of press and are more corrupt compared to the ones in Latin America. They also do drugs in Africa. Africa has a higher criminality index
https://ocindex.net/rankings?f=rankings&view=List&group=Continent

Africa and The Middle East are found to be the most active warzones on the planet

“Africa comes second in the number of armed conflicts per region with more than 35 non-international armed conflicts (NIACs) taking place in Burkina Faso, Cameroon, the Central African Republic (CAR), the Democratic Republic of the Congo, Ethiopia, Mali, Mozambique, Nigeria, Senegal, Somalia, South Sudan and Sudan. Several armed groups – fighting against government forces and/or against each other’s – are involved in these conflicts”

https://geneva-academy.ch/galleries/today-s-armed-conflicts

On top of the fact that Latin America is far more stable which is essential for development. Africa won’t be able to emulate the Asian tigers because there is far too much corruption and instability in the continent.

2. Latin America has Africa beat on every socio-economic indices.

‘Sub-Saharan Africa is, by nearly every measure, behind Latin America in regard to socio-economic development. It is much poorer; by most measures, Latin America's combined GDP is between two and three times greater than that of sub-Saharan Africa, and it's as much as seven times per capita’

https://www.isi-consultants.com/insights/doing-business-in-latin-america-vs-africa-how-do-they-compare#:~:text=Sub%2DSaharan%20Africa%20is%2C%20by,as%20seven%20times%20per%20capita.

3. Latin America’s Economy is not like Africa that is based entirely on the extraction and sale of raw materials. Latino countries are more self sufficient as they are far more industrious. The value of Mexican exports ALONE is almost 2 times as high as the entire African continent. Mexican Exports in 2022 were $574.1 billion compared to Africa of $378 billion.

https://www.visualcapitalist.com/cp/africas-exports-1995-2020/


https://en.m.wikipedia.org/wiki/Economy_of_Mexico

Latinos are also far more productive and harder working. You Afrocentrists and Pan Africanists live in a fantasy land. Africa’s future is not bright

https://en.m.wikipedia.org/wiki/List_of_countries_by_labour_productivity

They are the laziest countries on earth.

4. Nothing you’ve suggested reveals that Africa has a meaningful future. You cannot build an economy where the masses lack the basic amenities like common electricity, adequate roads and so on. You’ve no evidence that Africa can industrialise.

5. Why on earth are you bringing the US Into this? You just don’t want to admit that Latin America is far more prosperous. Geopolitically, the US and other Western powers are waning in global influence. There is a new world order forming that’s no longer going to be US-led. That’s what the formation of BRICS is hinting at. But that power won’t shift won’t be to Africa. It will be to Latin America and Asia. Latin American countries like Brazil and Mexico are definitely going to be world powers. They arguably already are.

So please accept it, Africa is finished. It is a lost cause. Don’t make me embarrass you anymore online.

babasolution:
Stop this narrative, slaves were not sold for glass,but mainly for guns

still the same thing... exchanging your own people with guns?? abeg tell me any other race that did that??

Sladem05:
You’re salty at this point as I’ve proven that Africa is nowhere Latin America in terms of development. If a country like Mexico on its own is around 2/3rd’s of the GDP of the entire African continent. You realise as to how crazy and embarrassing that is for the African side?
You debunked nothing 😂😂!

1. Africa is more violent than Latin America and it’s not even close. African crime is more likely to underreported as African countries have worse freedom of press and are more corrupt compared to the ones in Latin America. They also do drugs in Africa. Africa has a higher criminality index
https://ocindex.net/rankings?f=rankings&view=List&group=Continent

Africa and The Middle East are found to be the most active warzones on the planet

“Africa comes second in the number of armed conflicts per region with more than 35 non-international armed conflicts (NIACs) taking place in Burkina Faso, Cameroon, the Central African Republic (CAR), the Democratic Republic of the Congo, Ethiopia, Mali, Mozambique, Nigeria, Senegal, Somalia, South Sudan and Sudan. Several armed groups – fighting against government forces and/or against each other’s – are involved in these conflicts”

https://geneva-academy.ch/galleries/today-s-armed-conflicts

On top of the fact that Latin America is far more stable which is essential for development. Africa won’t be able to emulate the Asian tigers because there is far too much corruption and instability in the continent.

2. Latin America has Africa beat on every socio-economic indices.

‘Sub-Saharan Africa is, by nearly every measure, behind Latin America in regard to socio-economic development. It is much poorer; by most measures, Latin America's combined GDP is between two and three times greater than that of sub-Saharan Africa, and it's as much as seven times per capita’

https://www.isi-consultants.com/insights/doing-business-in-latin-america-vs-africa-how-do-they-compare#:~:text=Sub%2DSaharan%20Africa%20is%2C%20by,as%20seven%20times%20per%20capita.

3. Latin America’s Economy is not like Africa that is based entirely on the extraction and sale of raw materials. Latino countries are more self sufficient as they are far more industrious. The value of Mexican exports ALONE is almost 2 times as high as the entire African continent. Mexican Exports in 2022 were $574.1 billion compared to Africa of $378 billion.

https://www.visualcapitalist.com/cp/africas-exports-1995-2020/


https://en.m.wikipedia.org/wiki/Economy_of_Mexico

Latinos are also far more productive and harder working. You Afrocentrists and Pan Africanists live in a fantasy land. Africa’s future is not bright

https://en.m.wikipedia.org/wiki/List_of_countries_by_labour_productivity

They are the laziest countries on earth.

4. Nothing you’ve suggested reveals that Africa has a meaningful future. You cannot build an economy where the masses lack the basic amenities like common electricity, adequate roads and so on. You’ve no evidence that Africa can industrialise.

5. Why on earth are you bringing the US Into this? You just don’t want to admit that Latin America is far more prosperous. Geopolitically, the US and other Western powers are waning in global influence. There is a new world order forming that’s no longer going to be US-led. That’s what the formation of BRICS is hinting at. But that power won’t shift won’t be to Africa. It will be to Latin America and Asia. Latin American countries like Brazil and Mexico are definitely going to be world powers. They arguably already are.

So please accept it, Africa is finished. It is a lost cause. Don’t make me embarrass you anymore online.

When these guys talk about latin america. I just wonder where they speak about. I live in Chile and I have been to over 15 african countries. I dont even live in a 1st or 2nd rate city by Chilean standards but no African country can be compared to the city I live in terms of infrastructure. The roads are good. Theres clean running water to all homes. Everywhere is very clean all the fucking time. Theres street lights and everything. Theres a lot of jobs and work for everyone to do. The black man has failed completely. Useless race

tensazangetsu20:
When these guys talk about latin america. I just wonder where they speak about. I live in Chile and I have been to over 15 african countries. I dont even live in a 1st or 2nd rate city by Chilean standards but no African country can be compared to the city I live in terms of infrastructure. The roads are good. Theres clean running water to all homes. Everywhere is very clean all the fucking time. Theres street lights and everything. Theres a lot of jobs and work for everyone to do. The black man has failed completely. Useless race

Don’t mind these people, Africa is nowhere Latin America and that user doesn’t want to admit it. Latin America is not on par with the west, but it’s nowhere as undeveloped as Africa. How can you compare a continent that’s industrialised to one that is pre-industrial. Imagine comparing Africa to a continent that exports cars, airplanes, computers and other finished goods to a continent that produces little. What a joke

Sladem05:
Don’t mind these people, Africa is nowhere Latin America and that user doesn’t want to admit it. Latin America is not on par with the west, but it’s nowhere as undeveloped as Africa. How can you compare a continent that’s industrialised to one that is pre-industrial. Imagine comparing Africa to a continent that exports cars, airplanes, computers and other finished goods to a continent that produces little. What a joke

Let them keep on deceiving themselves. Wetin concern me. Chile doesn't even have crude oil but the city I live in has a functioning refinery

Ofodirinwa:
Direct quote from your links

Mexico
$2.017 trillion (nominal; 2024)[4]
Increase $3.434 trillion (PPP; 2024)[4]


Africa
$3.1 trillion
https://en.wikipedia.org/wiki/Economy_of_Africa#:~:text=$3.1%20trillion%20(nominal;%202023%20est)%20$8.86%20trillion%20(PPP;%202023%20est)
$8.86 trillion (PPP; 2023 est)



Growth Rate - Latin America (Last of all world regions)


Growth Rate - Second of all world regions.





idk if someone is selling you the dream of getting a visa to Peru or what but you will just find yourself unemployed and trying to sneak into America.

Growth Rate - Africa

Isn't it shameful that Mexico is just a trillion dollars behind Africa? And I'm positive that if you compare its GDP to only that of Subsaharan Africa, then you'll see that there's no hope for the continent.

FoolishBoy419:
Isn't it shameful that Mexico is just a trillion dollars behind Africa? And I'm positive that if you compare its GDP to only that of Subsaharan Africa, then you'll see that there's no hope for the continent.

The funny thing is that the GDPs of most African countries aren't even true figures. I told my guy that during the PDP years Nigeria's economy wasn't even up to 500 billion usd and that was our best time as a nation economically. Chiles GDP isn't even up to 450 billion USD and I live in a very small town but this town has more economic activity than Lagos. Shops are open 24/7. There's delivery available all the time. Everything is just working at every point and it's always been this way yet their economy isn't up to half a trillion USD then Nigeria that has zero economic activity outside Lagos has a 500 billion economy. Yeah right.

Savagr:
sometimes, I ask myself, can africa truly rise?
alot are going in the continent. poverty, unemployment insecurity and a whole lot of it going on everywhere.
despite the fact that the continent has a lot of resources.yet, maybe I can say that illiteracy, ignorance are the major problem here.
but for the coming generation especially the present gen-Z.
do you think they will change africa for good or will it keep it going down until it collapses.

Stay positive my friend it will and we will witness it

beejaay:
still the same thing... exchanging your own people with guns?? abeg tell me any other race that did that??

It was bad though and stupid,but it could have been done by other races as well,other races had slaves to sell,but Africa was closest to the best buyers,the Europeans.

tensazangetsu20:
The funny thing is that the GDPs of most African countries aren't even true figures. I told my guy that during the PDP years Nigeria's economy wasn't even up to 500 billion usd and that was our best time as a nation economically. Chiles GDP isn't even up to 450 billion USD and I live in a very small town but this town has more economic activity than Lagos. Shops are open 24/7. There's delivery available all the time. Everything is just at every point and it's always been this way yet their economy isn't up to half a trillion USD then Nigeria that has zero economic activity outside Lagos has a 500 billion economy. Yeah right.

This is the official figure from 2023


=> GDP: ₦229trn
=> Revenue: ₦6trn
=> Expenditure: ₦19.5trn

=> Revenue to GDP: 3%
=> Expenditure to GDP: 9%
=> Fiscal deficit to GDP: 6%

Divide the official figure by the current exchange rate of 1600/$ and the result is 143 billion USD, divide am by official Nigeria population figure and you get 715 USD per capita.

Somalia is smiling at us right now. By the time Tulumbu (who is not joking) is done, everything go scatter

lastkingsman:
This is the official figure from 2023


=> GDP: ₦229trn
=> Revenue: ₦6trn
=> Expenditure: ₦19.5trn

=> Revenue to GDP: 3%
=> Expenditure to GDP: 9%
=> Fiscal deficit to GDP: 6%

Divide the official figure by the current exchange rate of 1600/$ and the result is 143 billion USD, divide am by official Nigeria population figure and you get 715 USD per capita.

Somalia is smiling at us right now. By the time Tulumbu (who is not joking) is done, everything go scatter

In the PDP years our real GDP was probably around 250 billion usd but by the time tinubu is done with Nigeria, if our GDP is up to 100 billion USD especially with an exchange rate of 3000 naira to a dollar, everyone should go for thanksgiving.

tensazangetsu20:
The funny thing is that the GDPs of most African countries aren't even true figures. I told my guy that during the PDP years Nigeria's economy wasn't even up to 500 billion usd and that was our best time as a nation economically. Chiles GDP isn't even up to 450 billion USD and I live in a very small town but this town has more economic activity than Lagos. Shops are open 24/7. There's delivery available all the time. Everything is just working at every point and it's always been this way yet their economy isn't up to half a trillion USD then Nigeria that has zero economic activity outside Lagos has a 500 billion economy. Yeah right.

Nigerias economy is largely informal, so u can't rely on those numbers,it might be bigger,besides Chile's population is fucking small so there's bound to be more wealth.

Nigerias problem is population population population

babasolution:
Nigerias economy is largely informal, so u can't rely on those numbers,it might be bigger,besides Chile's population is fucking small so there's bound to be more wealth.

Nigerias problem is population population population

The informal thing is a wash. That's what the government uses to deceive everybody. Every country has a lot of informal activity. Not everything can be captured but I tell you that even the informal activity in Nigeria is nothing to write home about

tensazangetsu20:
When these guys talk about latin america. I just wonder where they speak about. I live in Chile and I have been to over 15 african countries. I dont even live in a 1st or 2nd rate city by Chilean standards but no African country can be compared to the city I live in terms of infrastructure. The roads are good. Theres clean running water to all homes. Everywhere is very clean all the fucking time. Theres street lights and everything. Theres a lot of jobs and work for everyone to do. The black man has failed completely. Useless race

The pressure of population is too much for Nigeria to deal with. Same with most African countries, coming out from wars.SouthAmerica hardly ever had any war

tensazangetsu20:
The informal thing is a wash. That's what the government uses to deceive everybody. Every country has a lot of informal activity. Not everything can be captured but I tell you that even the informal activity in Nigeria is nothing to write home about

Possibly, because from your point of view you might have better knowledge seeing things from the outside.But a lot of things go on in Nigeria that will surprise anyone,some places might look like shacks but if you know the amount of money being made there you will be surprised

babasolution:
Possibly, because from your point of view you might have better knowledge seeing things from the outside.But a lot of things go on in Nigeria that will surprise anyone,some places might look like shacks but if you know the amount of money being made there you will be surprised

Story. I did business in Nigeria so I know what I am saying.

FoolishBoy419:
Isn't it shameful that Mexico is just a trillion dollars behind Africa? And I'm positive that if you compare its GDP to only that of Subsaharan Africa, then you'll see that there's no hope for the continent.

I agree to an extent, but Mexico is also the #1 trade partner of the world's largest economy so it's natural
Mexico and also miles ahead of the rest of Latin America, and Mexico and Nigeria are fundamentally the same thing coming from a person that has seen both.

Ofodirinwa:
I agree to an extent, but Mexico is also the #1 trade partner of the world's largest economy so it's natural
Mexico and also miles ahead of the rest of Latin America, and Mexico and Nigeria are fundamentally the same thing coming from a person that has seen both.

I would need more clarification on that, honestly.

Being the largest trading partner of USA is not an unfair advantage over 45+ countries COMBINED. China has proven that if you have the right conditions, you'd get foreign investments from any part of the world. Nigeria is proving more and more that it is not a suitable place for foreign investments.

Ofodirinwa:
I agree to an extent, but Mexico is also the #1 trade partner of the world's largest economy so it's natural
Mexico and also miles ahead of the rest of Latin America, and Mexico and Nigeria are fundamentally the same thing coming from a person that has seen both.

This isn't true. Mexico isn't far ahead of all of latin america. Mexico isn't better than Chile, argentina, Uruguay or Panamá. Mexico is somewhat in the middle especially with regards to quality of life.