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Latin Americais a region of the Americas where Romance languages (i.e., those derived from Latin)-particularly Spanish and Portuguese, and variably French-are primarily spoken. Latin America has an area of approximately 21,069,500 km2(7,880,000 sq mi), almost 3.9% of the Earth's surface or 14.1% of its land surface area. As of 2010, its population was estimated at more than 590 million and its combined GDP at 5.16 trillion United States dollars (6.27 trillion at PPP). The Latin American expected economic growth rate is at about 5.7% for 2010 and 4% in 2011. According to Phelan (1968, p. 296), the term "Latin America" was first used in 1861 in La revue des races Latines, a magazine 'dedicated to the cause of Pan-Latinism'.