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Latin America: Venezuela Third-Largest Economy

But Wal-Mart sales are higher than Venezuela’s GDP, a Latin Business Chronicle analysis shows.



Venezuela last year replaced Argentina as the third-largest economy in Latin America, according to a Latin Business Chronicle analysis of new GDP data for 2009 from the International Monetary Fund


Meanwhile, a comparison with 2009 sales of major foreign and Latin American companies shows that U.S.-based Wal-Mart, the world’s largest retailer, posted 2009 sales that were higher than the economy of Venezuela, while U.S.-based oil giant Exxon Mobil posted higher sales than the economy of Argentina.

Combined, the two companies’ sales are almost as high as the
GDP of Mexico, Latin America’ second-largest economy.

The new Latin Business Chronicle ranking also shows that Uruguay replaced ...

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