Area in South America where you can live well economically | Answers

And South American country It has evolved into a place where you can live comfortably without compromising or exceeding your budget Argentina Based on domestic economy. In the following note we will tell you what the latest research has to say about this topic of interest to those who want to migrate to other regions.

Which South American country can you afford to live comfortably in?

Specialized portal Numbeo has carried out a thorough analysis of the cost of living in various South American countries, and Paraguay is the most economical place to immigrate.

The rating takes into account a variety of factors, including quality of life, rental costs, goods and services, and local purchasing power.

Paraguay is ahead of countries like Argentina and Bolivia, making it an attractive option for those who want to be frugal with daily expenses and live comfortably on a modest budget.

The Numbeo study also revealed that Uruguay ranks as the most expensive country in the region, after Chile and Venezuela.

Other South American countries in the ranking include Brazil, Ecuador, Peru and Colombia, each with its own cost of living index and local purchasing power.

This information is invaluable to those considering moving to South America in search of new opportunities, as it provides a clear view of where they can find the most affordable and comfortable lifestyle.

Which country consumes the most alcohol in Latin America?

According to a WHO study, the ranking of countries with the highest alcohol consumption in Latin America is:

  • Argentina (8,0)
  • Brazil (7.7)
  • Peru (7.5)
  • Chile (6,7)
  • Cuba (6,0)
  • Mexico (5.7)
  • Uruguay (5,5)
  • Colombia (4,9)
  • Honduras (3,2)
  • Venezuela (3,0)
  • Guatemala (1,6)
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It is important to note that Argentina decreased its consumption by 1.3 percentage points, while Peru decreased by 0.6 compared to previous years. Likewise, the Institute of Health noted that the consumption of alcoholic beverages “brings significant social and economic losses to individuals and society in general.”

Which country in South America has the lowest minimum wage?

According to Bloomberg Media, the country with the lowest wages in South America is Venezuela, as it reaches 130 bolivars, which is 3.61 dollars, thus placing it in last place. For Peru, the established minimum wage is 1,025 soles, which is equivalent to 277 dollars, which is why it is higher than Argentina and Venezuela in terms of salary.

On the other hand, Uruguay ranks first in the ranking with a minimum wage of 570 dollars, an increase of 20 dollars more than last year. Likewise, Costa Rica and Chile are considered the best paid in South America with $687 and $521 respectively.

Which country in South America will grow the most in 2024, according to the nation?

UN DESA revealed that Latin America and the Caribbean will grow less than last year due to the poor performance of its main drivers, namely Brazil, which will grow by only 1.6% in 2024, compared to 3.1% the previous year. In turn, Mexico will increase by 2.3% this year, compared to 3.5% in 2023. In stark contrast to Argentina's GDP, which will shrink to -3.3% this time, after suffering a fall of -2.5% last year, while the crisis will continue with high levels of inflation.

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However, the opposite is calculated with Guyana, which will grow the economy the most in the region with a boost of 25.3% this season, while it will be 12.2% in 2025. The country is in a territorial dispute with Venezuela over the Essequibo, a region rich in natural and mineral resources.

Finally, other countries with better projections in 2024: Panama and the Dominican Republic (both with 4.2% projections), Paraguay (4%), Costa Rica (3.7), Honduras (3.3%), Guatemala (3.1%), Uruguay (2.8%), Venezuela (2.7%), Ecuador (2.4%), Peru and Mexico (both 2.3%) and Chile (2.2).

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