Exhibit 21.1

LIST OF SUBSIDIARIES OF PRICESMART, INC.

The following table sets forth a list of the Company's subsidiaries as of August 31, 2012:

	Jurisdiction of Incorporation
Name	and Organization Ownership
Ventures Services, Inc.	Delaware	100	%
PriceSmart Panama, S.A.	Panama	100	%
GolfPark Plaza, S.A.	Panama	50	%
PriceSmart (Guatemala), S.A.	Guatemala	100	%
PSMT Caribe, Inc.	British Virgin Islands	100	%
PriceSmart El Salvador, S.A. de C.V.	El Salvador	100	%
Inmobiliaria PriceSmart El Salvador, S.A. de C.V.	El Salvador	100	%
Prismar de Costa Rica, S.A.	Costa Rica	100	%
Plaza Price Alajuela PPA, S.A.	Costa Rica	50	%
PriceSmart Honduras, S.A. de C.V.	Honduras	100	%
PriceSmart Dominicana, S.R.L.	Dominican Republic	100	%
PriceSmart Exempt SRL	Barbados	100	%
PSMT Trinidad/Tobago Limited	Trinidad & Tobago/St. Lucia	100	%
PriceSmart Realty (TT) Limited	Trinidad & Tobago	100	%
PriceSmart Clubs (TT) Limited	Trinidad & Tobago	100	%
PSMT, LLC	U.S. Virgin Islands	100	%
PriceSmart Holdings, Inc.	St. Lucia	100	%
PSMT (Barbados), Inc.	Barbados	100	%
Island Foods and Distributors, N.V.	Aruba	100	%
PriceSmart Jamaica (SL), Inc.	St. Lucia	100	%
PriceSmart (Jamaica) Limited	Jamaica	100	%
PriceSmart Realty (Jamaica) Limited	Jamaica	100	%
PS Exportadora Latinoamericana, S.A. de CV.	Mexico	100	%
PSMT Nicaragua (BVI), Inc	British Virgin Islands	100	%
PSMT Nicaragua, S.A.	Nicaragua	100	%
Inmobiliaria PSMT Nicaragua, S.A.	Nicaragua	100	%
PriceSmart Colombia SAS	Colombia	100	%
PSCR Exportadora, S.A.	Costa Rica	100	%