In 2022, Chile was Latin America’s third-largest recipient of foreign direct investment. 2023 could even be better
The World Investment Report published by the Economic Commission for Latin America and the Caribbean (ECLAC) reveals Chile’s remarkable performance in attracting foreign direct investment. While surpassed by the region’s powerhouses, Mexico and Brazil, Chile’s investment inflows are higher than those of other significantly larger markets like Argentina, Colombia and Peru. In 2022, Latin America and the Caribbean experienced a substantial surge in FDI, with a total of US$224 billion flowing…
Latin America: Agricultural Perspectives
A profile of Latin American agriculture Latin America has long been associated with the production and export of a diverse range of agricultural commodities, whether it is coffee from Brazil and Colombia, beef from Argentina, or bananas from Ecuador. Trade data show that the region is indeed an important net exporter of agricultural commodities to the world, accounting for an estimated 16% of global food and agriculture exports between 2012 and 2014, while representing just 4% of global food and agriculture…
Now is the time to Invest in Latin America’s Tourism Boom
Latin America’s Tourism Boom continues. According to the UN’s World Tourism Organisation (UNWTO), tourism is the 3rd largest export in the world, with international sales worth more than the food or auto industries. The number of international journeys made each year globally has jumped from 25 million in 1950 to more than 1.2 billion. That exponential rise in international trips has created an ever-expanding tourist industry that sees $4 billion spent daily. The tourism juggernaut shows no sign of stopping…
It could be the 1930s all over again for Latin America
During the 1920’s Depression, Latin America was buffeted by a collapse in commodity prices, a slowdown in world trade and a massive capital outflow. The same shocks are hitting the region today, but this time one has to add a decline in remittances (crucial for Central America and the Caribbean) and a productivity freeze, due to having much of the labour force under lockdown. Back then, the economic contraction was brutal. Between 1929 and 1933, output fell by 10 per cent in Argentina and Mexico and by…
Latin American economies in the race to the bottom
Prospects for Latin America are dire this year amid the paralysis in domestic activity; collapse in prices for export commodities; massive job losses; pullback in remittances; rising debt vulnerabilities; and limited scope by governments to adequately respond to the crisis. Consequently, our Consensus Forecast currently sees Latin America’s economy contracting 5.1% this year, which would mark one of the worst contractions in the continent’s history. NUMBER OF THE WEEK – 7% Of the region’s largest…
Latin America’s Big Three Dodge Chaos Sweeping Region
If Latin America’s sudden and violent protest movements have unsettled investors and surprised pundits, it’s worth noting that in the region’s three largest countries — Brazil, Mexico and Argentina — the streets have remained relatively calm as have Paraguay and Uruguay. With 380 million people and economies that represent $3.6 trillion USD annually, the big three usually set the tone. And it’s not like the grievances evident in the affected countries — Chile, Colombia, Bolivia and…
Latin America’s Wild Economic History, Explained | The Wealth of Nations
The economic history of Latin America is filled with promise and tragedy. From Argentina in 1895 becoming the wealthiest country in the world per capita, to Venezuela in 2019 becoming the human rights crisis in the western world. Latin America is a land of incredible wealth and incredible corruption. Using the data from The Maddison Project and the power of Flourish. Studio’s visualization software, I tell the story of Latin America, from an economic perspective. From 1800 to modern times. This video is a…
Latin America: Agricultural perspectives from Rabobank
The Latin American region is an important net exporter of food and agricultural commodities, accounting for 16% of total global food and agriculture exports and 4% of total food and agriculture imports. The region is one of the few parts of the world with significant resources of unexploited agricultural land (concentrated in Brazil and Argentina), suggesting the region will continue to play a pivotal role in global food production and exports in the future. Many of the region´s countries have achieved respectable…
Andres Oppenheimer: Latin America maybe doing better than it seems
Andres Oppenheimer: As we anticipated in a recent column, the International Monetary Fund and the World Bank have just released pretty grim economic forecasts for Latin America in 2015. But the truth is, only three big countries will do badly — and the rest of the region will do pretty well. Both the IMF and the World Bank, which held their annual meetings in Washington, D.C., last week, estimated that Latin America and the Caribbean will grow by a meager 2.2 percent next year, one of the region’s worst…
