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Condensed Consolidated Statements of Comprehensive Income (Unaudited) (USD $)	3 Months Ended
	Mar. 31, 2012	Mar. 31, 2011
Condensed Consolidated Statements of Comprehensive Income [Abstract]
Net income	$ 19,637,038	$ 14,057,634
Other comprehensive income, net of income tax:
Currency translation adjustment	3,579,147	888,874
Unrealized net gains (loss) on investments	693,974	(18,200)
Realized net gain on investments	(924,657)	(45,527)
Net change in accumulated other comprehensive income, net of income tax	3,348,464	825,147
Comprehensive income	22,985,502	14,882,781
Less: Comprehensive Income attributable to Noncontrolling Interest	302,248
Comprehensive income attributable to MercadoLibre, Inc.	$ 22,683,254	$ 14,882,781

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