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Latin America: Venezuela Third-Largest Economy

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


BY CHRONICLE STAFF

 

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 ...



Keywords: America Movil, Argentina, Brazil, Carrefour, Chevron, Costa Rica, Ecopetrol, Ecuador, Exxon Mobil, Ford, General Electric, Haiti, Honduras, Mexico, Nicaragua, Panama, Paraguay, Pemex, Petrobras, Peru, Shell, Telefonica, Uruguay, Vale, Venezuela, Volkswagen

 

 

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