Do you want to migrate to a new country to live and work? If YES, here is a list of countries in South America plus 1000+ jobs and business opportunities.

South America remains a challenging global environment plagued by persistent trade tensions and slowing growth. Internal issues such as Argentina’s economic adjustment, policy uncertainty in other countries and declining confidence, also add to the downbeat outlook.

Regional inflation dropped to 8.2% in June, the lowest reading since February, partly showing reduced energy price pressures. Inflation fell notably in Brazil also on a positive base effect from last year’s truckers’ strike, while Argentina saw the first drop in inflation this year as the ultra-tight monetary stance bears fruit.

Meanwhile, Brazil’s COPOM chopped its policy rate to a record low in July against a backdrop of modest inflation and weak growth. In this period, most of the region’s other central banks held put, except for Argentina’s which continued to tweak unconventional measures to tame sky-high inflation.

Reports also have it that the majority of the region’s currencies depreciated against the USD at the start of August, as a surprise escalation in U.S. and China trade tensions drove investors away from riskier assets. Argentina and Colombia’s currencies were particularly hard hit, exacerbated by internal concerns. Overall, currencies are seen depreciating mildly in 2019.

Below is a detailed report on 12 Countries in South America and a brief summary of their Population, Currency, Language, thriving industry, and one reason why investors should consider that country based on thier economic indices.

Countries in South America to Live, Work or Start a Business

  1. Argentina
  • Official Currency: Peso
  • Major Language: Spanish
  • Other Languages Spoken: Guaraní, Qom, Mocoví, and Wichí
  • Population: 40,091,359 (2010)
  • Capital: Buenos Aires

Argentina is well renowned for its rich natural resources, a highly rated literate population, a vast industrial base, and an export-oriented agricultural sector. The nation’s economy is Latin America’s third-largest, and the second largest in South America. The country’s manufacturing industry accounted for 20.3 percent of GDP—the largest goods-producing sector in the nation’s economy.

The Argentinian government builds the concept of development through the plan “Comenzar a transformar la Argentina” 2015-19 [Starting to Transform Argentina]. The plan works on three pillars: tax reform, employment generation and institutional quality.

Most importantly, the plan demonstrates strong links with Sustainable Development Goal (SDG) 16 (peace, justice and strong institutions) and SDG 8 (decent work and economic growth) (ECLAC, 2018). Another objective of this national productive agreement is to provide the platform to enhance productivity and competitiveness. This and many more reasons are why an investor should consider investing in Argentina.

  1. Bolivia
  • Official Currency: Boliviano
  • Major Language: Spanish
  • Other Languages Spoken: Araona, Guarani, Quechua, Uru-Chipaya etc.
  • Population: 11,428,245 (2019)
  • Capital: Sucre
  • Major Cities: La Paz, Santa Cruz de la Sierra

Bolivia’s main economic activities include agriculture, forestry, fishing, mining, and manufacturing goods such as textiles, clothing, refined metals, and refined petroleum. Bolivia is very rich in minerals, including tin, silver, and lithium.

The current Evo Morales administration has achieved a national growth higher than at any point in the last 30 years. Also, a surplus budget of 1.7 percent (GDP) was obtained by 2012; the government runs surpluses since Morales administration reflecting a prudent economic management. Bolivia is a fast growing nation with a stable and working government. It should interest any entrepreneur to invest in Bolivia.

  1. Brazil
  • Official Currency: Real (R$)
  • Major Language: Portuguese
  • Population: 210,147,125 (2019)
  • Capital: Brasília
  • Major Cities: Sao Paulo, Rio De Janeiro

Agriculture is the most thriving industry in Brazil’s diversified economy. Brazil is one of the largest producers of oranges, coffee, sugar cane, cassava and sisal, soybeans and papayas. Also note that the industry – from automobiles, steel and petrochemicals to computers, aircraft and consumer durables – accounted for 30.8 percent of the gross domestic product.

Brazil’s current “Plano Plurianual (PPA) 2016-19: Desenvolvimento, produtividade e inclusão social” [Plurennial Plan 2016-2019: Development, Productivity and Social Inclusion] builds on a vision guided by social inclusion and the promotion of a dynamic economy. The PPA includes annotations on resource expenditure from the budgets of ministries and state-owned enterprises and allocated on programmes related to its goals.

These include co-operation between the state and the private sector, research as a means of economic development and a fiscal balance policy to readjust public finances in view of the tax reform. This is one of the few reasons an investor should consider Brazil for investment.

  1. Chile
  • Official Currency: Peso (CLP)
  • Major Language: Spanish
  • Population: 17,574,003 (2017)
  • Capital: Santiago

Mining, agriculture and tourism are the top industries in Chile with substantial growth over the years. Southern Chile is rich in forests and grazing lands, and features a string of volcanoes and lakes. Chile is among South America’s most economically and socially stable and prosperous nations, with a high-income economy and high living standards.

It sets the pace for Latin American nations in rankings of human development, competitiveness, income per capita, globalization, and state of peace, economic freedom, and low perception of corruption.

Chile has developed the National Development Plan “Construyamos tiempos mejores para Chile” [Let’s Build Better Times for Chile] 2018-22 to build national capacities and address remaining development challenges. Chile’s approach to foreign direct investment is codified in the country’s Foreign Investment Law.

According to reports, registration is simple and transparent, and foreign investors are guaranteed access to the official foreign exchange market to repatriate their profits and capital. Chile is one of the nations in South America any budding investor should consider extensively.

  1. Colombia
  • Official Currency: Peso (Cop)
  • Major Language: Spanish
  • Other Languages Spoken: English
  • Population: 48,258,494 (2019)
  • Capital: Bogotà

Colombia has a diversified economy which is the third largest in South America, with macroeconomic stability and favorable long-term growth prospects.

Also rich in natural resources, and its main exports include mineral fuels, oils, distillation products, fruit and other agricultural products, sugars and sugar confectionery, food products, plastics, precious stones, metals, forest products, chemical goods, pharmaceuticals, vehicles, electronic products, electrical equipments, perfumery and cosmetics, machinery, manufactured articles, textile and fabrics, clothing and footwear, glass and glassware, furniture, prefabricated buildings, military products, home and office material, construction equipment, software, among others.

The National Development Plan (NDP) 2018-22 “Pacto por Colombia, Pacto por la equidad” [Pact for Colombia, Pact for Equity] aims to boost equality, entrepreneurship and legality. This plan is consistent with the macroeconomic and fiscal frameworks to guarantee macroeconomic stability and will be financed through a multi-annual investment plan from 2019-22. It is indeed time for investors to consider Colombia as a developing financial power.

  1. Ecuador
  • Official Currency: United States Dollar ($)
  • Major Language: Spanish
  • Other Languages Spoken: Kichwa (Quichua), Shuar and others
  • Population: 16,385,068 (2016)
  • Capital: Quito

Ecuador is a developing economy that is highly dependent on petroleum and agricultural products. Ecuador is a major exporter of bananas, flowers, and the seventh major producer of cocoa. This South American nation also produces coffee, rice, potatoes, cassava (manioc, tapioca), plantains and sugarcane; cattle, sheep, pigs, beef, pork and dairy products; fish, and shrimp; and balsa wood.

It’s vast resources include large amounts of timber across the country, like eucalyptus and mangroves. Pines and cedars are planted in the region of La Sierra and walnuts, rosemary, and balsa wood in the Guayas River Basin. The “Plan Nacional de Desarrollo 2017-21 Toda una Vida” [National Development Plan 2017-21 A Lifetime] aims to develop a society oriented towards inclusive, equitable and supportive development.

The plan is built around three main axis for ensuring rights for all: an economy at the service of society, a participatory society and a better state. The plan has two fundamental pillars: territorial development and environmental sustainability. Ecuador is an attractive location for any willing investor.

  1. Guyana
  • Official Currency: Guyanese Dollar
  • Major Language: English
  • Other Languages Spoken: Guyanese Hindustani (Hindi-Urdu), Chinese, Portuguese, Dutch and Spanish.
  • Population: 783,769 (2016)
  • Capital: Georgetown

The main economic activities in Guyana are agriculture (production of rice and Demerara sugar), bauxite and gold mining, timber, shrimp fishing and minerals. The sugar industry, which accounts for 28 percent of all export earnings, is largely run by the company GuySuCo, which employs more people than any other industry.

In recent years, the Guyanese economy has rebounded slightly and shown moderate economic growth, thanks to an expansion in the agricultural and mining sectors, a more favorable atmosphere for business initiatives, a more realistic exchange rate, fairly low inflation, and the continued support of international organizations. The Guyana market is ripe for investment and adventure.

  1. Paraguay
  • Official Currency: Guaraní (PYG)
  • Major Language: Spanish and Guaraní
  • Population: 7, 152,703 (2019)
  • Capital: Asunción

Power and agriculture are the most thriving industries in Paraguay. Paraguay is the world’s largest exporter of electric power. It is the sixth-largest soybean producer in the world, second-largest producer of stevia, second-largest producer of Tung oil, sixth-largest exporter of corn, tenth-largest exporter of wheat and 8th largest exporter of beef.

The National Development Plan “Paraguay 2030” is built around three strategic axes: reduction of poverty and social development, inclusive economic growth and adequate insertion of Paraguay into the world.

These axes are translated into 12 strategies with strong links to Sustainable Development Goal (SDG) 1 (end poverty in all its forms) and SDG 4 (quality education) (ECLAC, 2018). These strategies are interconnected with four crosscutting issues: equality of opportunities, efficient and transparent public management, territorial organization and environmental sustainability.

  1. Peru
  • Official Currency: SOL (PEN)
  • Major Language: Spanish
  • Other Official Languages: Quechua, Aymara
  • Population: 33,105,273 (2019)
  • Capital: Lima

Peru’s main thriving activities include mining, manufacturing, agriculture and fishing; along with other growing sectors such as telecommunications and biotechnology. Peru is, as of 2011, one of the world’s fastest-growing economies owing to an economic boom experienced during the 2000s. Historically, the country’s economic performance has been tied to exports, which provide hard currency to finance imports and external debt payments.

The “Plan Bicentenario: El Perú hacia el 2021” [Bicentennial Plan: Peru towards 2021] has a strong focus on human rights and their universal validity. The plan is built upon six objectives: fundamental rights and people’s dignity, opportunities and access to services, state and governability, economy, competitiveness and employment, regional development and infrastructure, and natural resources and environment.

The plan supports a macroeconomic policy in favor of public and private investments in activities able to generate quality employment, with decentralization and respect for the environment as complementary objectives. Every investor should see Paraguay as a stable economy with so much to offer.

  1. Suriname
  • Official Currency: Surinamese dollar
  • Major Language: Dutch
  • Other Official Languages: English-based Creole language, Sranan Tongo
  • Population: 558,368 (2016)
  • Capital: Paramaribo

The economy and business environment of Suriname was dominated by the bauxite industry, which accounts for more than 15 percent of GDP and 70 percent of export earnings up to 2016. The nation’s main export products include rice, bananas and shrimp. Recently, Suriname started exploiting some of its sizeable oil and gold reserves. About a quarter of the people work in the agricultural sector.

The Surinamese economy is very dependent on commerce, its main trade partners being the Netherlands, the United States, Canada, and Caribbean countries, mainly Trinidad and Tobago and the islands of the former Netherlands Antilles. This is one reason an investor should consider Suriname for investment.

  1. Uruguay
  • Official Currency: Uruguayan Peso
  • Major Language: Spanish
  • Other Official Languages: Uruguayan Portuguese
  • Population: 3,444,006 (2019)
  • Capital: Montevideo

Uruguay is an important global exporter of combed wool, rice, soybeans, frozen beef, malt and milk. Nearly 95 percent of Uruguay’s electricity comes from renewable energy, mostly hydroelectric facilities and wind parks. Tourism is also another thriving industry in Uruguay.

“Hacia una Estrategia Nacional de Desarrollo – Uruguay 2050” [Towards a National Development Strategy – Uruguay 2050] presents the long-term objectives and necessary structural transformations for the future sustainable development of the country.

It comprises two thematic axes: demographic change and transformation of the productive structure, as well as three transversal axes of gender, cultural development and territorial development. The country’s quest for a digital economy and the bio economy will surely attract investors.

  1. Venezuela
  • Official Currency: Petro, Bolívar Soberano (VES)
  • Major Language: Spanish
  • Other Official Languages: Wayuu, Warao, Pemón.
  • Population: 31,568,179 (2019)
  • Capital: Caracas

Manufacturing is the highest industry in Venezuela. Venezuela manufactures and exports heavy industry products such as steel, aluminum and cement, with production concentrated around Ciudad Guayana, near the Guri Dam, one of the largest in the world and the provider of about three-quarters of Venezuela’s electricity. Other notable manufacturing sectors include electronics and automobiles, as well as beverages, and foodstuffs.

Agriculture in Venezuela accounts for approximately 3 percent of GDP, 10 percent of the labor force, and at least a quarter of Venezuela’s land area. The country is not self-sufficient in most areas of agriculture, which provides an open market for any willing entrepreneur.