What country in Latin America has seen a significant expansion in their economy in the past two decades

These are the options for the question:

Paraguay

Peru

Panama

Argentina

Chile

And these are the correct options:

Peru

Panama

Chile

Explanation:

In the last two decades, Peru has seen economic growth every single year. The peruvian economy even grew in 2009 (1.1%), the year when the financial crisis hit the hardest.

Panama has also seen economic growth every single year from 2000 to 2019. More importantly, it's rate of growth has been higher than Peru. It peaked in 2007 with 12% GDP growth. According to most economic projections, in the near-future, Panama will be the richest Latin American country.

Chile is currently the wealthiest country in Latin America, and from 2000 to 2019, grew every single year except for 2009, when GDP fell by - 1.9%. However, the Chilean economy has grown significantly less than in the 1990s, and in the last 6 years, the country has stagnated.