South America
- Argentina -
- President - Raúl Alfonsín, President of Argentina (1983–1989)
- Bolivia -
- President - Víctor Paz Estenssoro, President of Bolivia (1985–1989)
- Brazil -
- President - José Sarney, President of Brazil (1985–1990)
- Chile -
- President - Augusto Pinochet, President of Chile (1973–1990)
- Colombia -
- President -
- Belisario Betancur, President of Colombia (1982–1986)
- Virgilio Barco Vargas, President of Colombia (1986–1990)
- President -
- Ecuador -
- President - León Febres Cordero, President of Ecuador (1984–1988)
- Falkland Islands (British dependent territory)
- Governor - Gordon Wesley Jewkes, Governor of the Falkland Islands (1985–1988)
- Chief Executive - David G. P. Taylor, Chief Executive of the Falkland Islands (1983–1987)
- Guyana -
- President - Desmond Hoyte, President of Guyana (1985–1992)
- Prime Minister - Hamilton Green, Prime Minister of Guyana (1985–1992)
- Paraguay -
- President - Alfredo Stroessner, President of Paraguay (1954–1989)
- Peru -
- President - Alan García, President of Peru (1985–1990)
- Prime Minister - Luis Alva Castro, President of the council of ministers of Peru (1985–1987)
- Suriname -
- De facto leader - Dési Bouterse, Chairman of the National Military Council (1980–1988)
- President - Fred Ramdat Misier, Acting President of Suriname (1982–1988)
- Prime Minister -
- Wim Udenhout, Prime Minister of Suriname (1984–1986)
- Pretaap Radhakishun, Prime Minister of Suriname (1986–1987)
- Uruguay -
- President - Julio María Sanguinetti, President of Uruguay (1985–1990)
- Venezuela -
- President - Jaime Lusinchi, President of Venezuela (1984–1989)
Read more about this topic: List Of State Leaders In 1986
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