Gross domestic product (GDP)
* North America: $23.3 trillion
* Latin America: $7.6 trillion
GDP per capita
* North America: $57,600
* Latin America: $14,600
Unemployment rate
* North America: 4.2%
* Latin America: 9.1%
Inflation rate
* North America: 1.9%
* Latin America: 6.7%
Poverty rate
* North America: 11.1%
* Latin America: 28.2%
Gini coefficient
* North America: 0.415
* Latin America: 0.524
The Gini coefficient is a measure of income inequality, with 0 representing perfect equality and 1 representing perfect inequality. A higher Gini coefficient indicates a greater degree of income inequality.
These data show that North America has higher GDP, GDP per capita, and lower unemployment rates than Latin America. North America also has lower inflation rates and poverty rates. The Gini coefficient shows that income inequality is higher in Latin America than in North America.
Overall, these data indicate that North America has better economies than Latin America.
