5 Most Expensive Countries in Latin America

3. Uruguay

Real GDP / GDP by PPP ratio: 0.69

5 year GDP growth rate: 8.5%

Because many consumer items in Uruguay are not produced locally but are imported, items can often be quite expensive in the South American nation. Over the last 5 years, Uruguay’s GDP growth rate has been moderately high and has scored really highly in World Bank’s Political Stability Index, a rarity for most Latin American nations.