4. SOUTH AMERICA has an area of 17,840,000 square kilometers (6,890,000 sq mi). Its population as of 2005 has been estimated at more than 371,090,000. South America ranks fourth in area, and fifth in population . The word America was coined in 1507 by cartographers Martin Waldseemüller and Matthias Ringmann, after Amerigo Vespucci, who was the first European to suggest that the lands newly discovered by Europeans were not India, but a New World unknown to Europeans.