periquito
parakeet
perico
parrot
+
-ito
diminutive suffix
Periquito means parakeet and can be thought of as a small parrot0 (perico0) with the diminutive suffix1 (-ito1).
noun
- parakeetA small, long-tailed parrot, typically green in colorMi periquito es verde y amarillo. // My parakeet is green and yellow.