Latin Business Chronicle

Cargando Video

Monday, June 07, 2010

Special Reports

Latin America: Venezuela Third-Largest Economy

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

THIRD-LARGEST ECONOMY Venezuela, here represented by capital Caracas, has replaced Argentina as Latin America's third-largest economy. (Photo: Guillermo Ramos Flamerich)

LARGER THAN VENEZUELA U.S.-based Wal-Mart, the world’s largest retailer, posted 2009 sales that were higher than the economy of Venezuela. (Photo: Wal-Mart)

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 ...

Full story

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

Related News:

Post Your Comments
You can write a comment on this article by clicking here.

There are no comments on this article. If you wish, you can write one.