ANALYSIS OF MACROECONOMIC DEVELOPMENT OF LATIN AMERICA IN 2012-2015

Abstract

The article presents an analysis of such macroeconomic development indicators in Latin America as the size of nominal GDP, the size of GDP based on PPP, the rate of industrial growth, the level of unemployment, the volume of exports, imports, the size of public debt to the country's GDP. Statistical data are important for understanding current trends in economic policy. Dynamics of the main macroeconomic indicators of the countries with the highest and the least level of development is considered. A correlation analysis of the GDP dependence of Argentina, Brazil, Mexico, Ecuador, Paraguay, Bolivia on price of copper and oil. The authors conclude that the GDP of some Latin American Countries depends on the price of oil or copper. Latin America traditionally occupied a peripheral position in the world economy and politics. Although there is a difference in the macroeconomic indicators of these countries, Latin America has a big hidden resource potential nowadays.