4) Venezuela – GDP: $382.424 Billion

The economy of Venezuela is largely based on manufacturing and petroleum sectors. Revenue from petroleum exports accounts for 50 percent of the nation’s GDP. The nation manufactures and exports heavy industry products like aluminum, steel and cement.

3) Argentina – GDP: $404.483 Billion

Argentina is benefiting from highly literate population, rich natural resources, export-oriented agricultural sector and diversified industrial base. It is a middle emerging economy. High inflation is a major impediment to the nation’s economic progress.