Marketplace helps you stay financially responsible all year, now we need YOUR help to keep our budget on track.
Donate NOW to help us hit our target of 2,500 Marketplace Investors by June 30!
Former intelligence contractor Edward Snowden, who is accused of leaking documents detailing an NSA surveillance program, is likely headed to Latin America, where several countries have offered him asylum. So what is the economic situation in each of these countries?
Stephen Keppel, who covers economics for Univision, joins Marketplace’s Mark Garrison to discuss.
GDP: $402.1 billion
Unemployment rate: 8%
Population below poverty line: 31.6%
Keppel’s take: “The Venezuelan economy is a mess. Growth is near zero. There is still some instability after the election. Inflation is near 30 percent. It would be tough.”
GDP: $54.36 billion
Unemployment rate: 5.5%
Population below poverty line: 49.6%
Keppel’s take: “Bolivia is a much smaller economy [than Venezuela]. It’s still one of the poorest countries in Latin America, however, it’s had pretty steady and stable growth. This is mainly because it still has a pretty booming oil and mining industry. Aside from that, there’s not a whole lot else, so I don’t know what type of job prospects Snowden would have.”
GDP: $20.04 billion
Unemployment rate: 7.4%
Population below poverty line: 42.5%
Keppel’s take: “Nicaragua is another poor country, one of the poorest in the region. However, we are seeing growth around 4 percent. It’s a little bit less authoritarian perhaps than Venezuela. So there is a few opportunities in Venezuela for perhaps a little bit more of a laid back lifestyle. It’s got some really nice property. It’s inexpensive. A lot of the Americans that were going to Costa Rica [to retire] are spilling over into Nicaragua.”
Final Score: Based on economics and quality of life, Keppel ranks Snowden’s options (1) Nicaragua, (2) Bolivia, and (3) Venezuela.
Source: CIA World Factbook.
If you’re a member of your local public radio station, we thank you — because your support helps those stations keep programs like Marketplace on the air. But for Marketplace to continue to grow, we need additional investment from those who care most about what we do: superfans like you.
Your donation — as little as $5 — helps us create more content that matters to you and your community, and to reach more people where they are – whether that’s radio, podcasts or online.
When you contribute directly to Marketplace, you become a partner in that mission: someone who understands that when we all get smarter, everybody wins.