Latin America refers to countries in southern america who speak mainly Spanish and Portuguese.
Spanish and Portuguese are romance languages whose origin are derived from Latin and hence these countries are referred to as Latin America.
When trying to list and compare countries in Latin America, one of the deciding factors is the purchasing power parity (PPP).
5 best countries according to PPP
- Chile – GDP (PPP) Per Capita: $27,059
- Uruguay – GDP (PPP) Per Capita: $24,435
- Mexico – GDP (PPP) Per Capita: $21,412
- Argentina – GDP (PPP) Per Capita: $20,482
- Brazil – GDP (PPP) Per Capita: $16,727
Learn more about Latin America at https://brainly.com/question/1486837
