SALG is open to new international members and supporters who are willing to sign up to our code of conduct. Current (founding) members:
In 2012 manufacturing accounted for 20.3% of GDP—the largest goods-producing sector in the nation's economy. Well-integrated into Argentine agriculture, half of the industrial exports have rural origin. With a 6.5% production growth rate in 2011, the diversified manufacturing sector rests on a steadily growing network of industrial parks (314 as of 2013)
Brazil is the largest national economy in Latin America, the world's eighth largest economy and the eighth largest in purchasing power parity (PPP) according to the 2017 estimates. Brazil has a mixed economy with abundant natural resources. After rapid growth in preceding decades, the country entered an ongoing recession in 2014 amid a political corruption scandal and nationwide protests.
Colombia urbanised rapidly in the 20th century, by the end of which just 15.8% of the workforce were employed in agriculture, generating just 6.6% of GDP; 19.6% of the workforce were employed in industry and 64.6% in services, responsible for 33.4% and 59.9% of GDP respectively.
The macroeconomy in Paraguay is characterized by a historical low inflation rate – 5% average (in 2013, the inflation rate was 3.7%), international reserves 20% of GDP and twice the amount of the external national debt.
Uruguay experienced a major economic and financial crisis between 1999 and 2002, principally a spillover effect from the economic problems of Argentina.The economy contracted by 11%, and unemployment climbed to 21%.
The country is classified as an upper-middle-income country. Ecuador's economy is the eighth largest in Latin America and experienced an average growth of 4.6% between 2000 and 2006.
As of 2011, more than 60% of Venezuela's international reserves was in gold, eight times more than the average for the region. Most of Venezuela's gold held abroad was located in London. On 25 November 2011, the first of US$11 billion of repatriated gold bullion arrived in Caracas.
Peru is one of the region's most prosperous economies with an average growth rate of 5.9% and it has one of the world's fastest industrial growth rates at an average of 9.6%.
Chile's economy remained sluggish until 2003, when it began to show clear signs of recovery, achieving 4.0% GDP growth.The Chilean economy finished 2004 with growth of 6 percent. Real GDP growth reached 5.7 percent in 2005 before falling back to 4 percent in 2006. GDP expanded by 5 percent in 2007.
Bolivia's estimated 2012 gross domestic product (GDP) totaled $27.43 billion at official exchange rate and $56.14 billion at purchasing power parity. Economic growth was estimated to be at about 5.2%, and inflation was estimated at about 6.9%.
SALG actively considers applications for membership where the applicant is committed to abiding by SALG’s Principles and Code of Conduct. To find out more, please contact our team.