The smallest frog in the Southern Hemisphere is the Gold Frog, or Brazilian Psyllophryne Didactyla.
Equally small is the smallest frog in the Northern Hemisphere, only recently
discovered (1996) in Monte Iberia, Cuba. It doesn't have a common name yet, but its
scientific name is Eleutherodactylus iberia.
For more information about the newest found teeny frog, see: Biotic Surveys Program Uncovers Smallest Frog
Also very small are poison frogs. These can measure less than half
an inch (1 cm) long, even when they're fully grown.
Click on it to see it full sized.