Forbes: Chile, Costa Rica and Mexico are the best Latin American countries for business
Out of a total of 161 countries analyzed by Forbes according to their business possibilities in 2019, Uruguay ranks second in South America, behind Chile, and ahead of Brazil, Argentina and Paraguay, which are ranked third and fourth. fifth, respectively.
This specialized magazine in finance and business founded in 1917 also determines that in Latin America as a whole the preferable destinations to do business in the new year are Chile, Costa Rica, Mexico, Uruguay, Peru, Colombia, Brazil, Argentina, Dominican Republic, Guatemala , Ecuador and Paraguay, in this order.
In the group of 161 countries evaluated by Forbes, Chile ranks 33, Costa Rica 48, Mexico 54, Uruguay 58, Peru 64, Colombia 67, Brazil 73, Argentina 76, Dominican Republic 91 , Guatemala on 97, Ecuador on 99 and Paraguay on 114, Honduras on 120, Bolivia on 128 and Nicaragua on 135.
Forbes points out that Chile is a country characterized by a high level of foreign trade and a reputation of solid financial institutions, as well as a consistent policy that has given it the strongest sovereign bond rating in South America.
Exports of goods and services from Chile represent, according to Forbes, one third of its Gross Domestic Product (GDP) and basic products 60% of total exports. Copper is Chile's main export and provides 20% of the Government's income.