The best Countries to invest in
Post available in: English
The 2019 Best Countries rankings, formed in partnership with BAV Group, a unit of global marketing communications company VMLY&R, and the Wharton School of the University of Pennsylvania, are based on a study that surveyed more than 20,000 global citizens from four regions to assess perceptions of 80 countries on 75 different metrics. Here there no 1 pick.
No. 1: Uruguay
Uruguay claims the No. 1 spot on the list of best countries to invest in, a dramatic move up of 12 positions from its 2018 ranking. Business decision-makers rank the South American nation 25 positions higher than the general population for providing a favourable tax environment, 17 positions higher for being seen as dynamic and 15 positions higher for its economic stability. Among other Latin American countries, Uruguay’s favourable business environment, stable legal system and democracy are likely to continue attracting investors. Foreign investors include Sabre, a travel technology company; PepsiCo, Inc. and AstraZeneca.
Today, Uruguay is a representative democratic republic with a presidential system. Executive power is exercised by the president and 13 cabinet ministers. The legislative branch is the General Assembly, consisting of two chambers. Members of both are elected by proportional representation.
Located in southeastern South America, Uruguay’s capital, Montevideo, is the third most southern capital city in the world. Montevideo is the transportation hub of the country, with most paved roadways originating in the city, as well as Carrasco airport, built-in 2009 for more than $156 million. The Port of Montevideo is the most sophisticated container terminal in South America, handling more than 1.1 million containers annually.
Public education in Uruguay is free of charge and is compulsory for children up to age 14. As a result, the country has a comparatively high literacy rate. Uruguay became the first in the world to provide a laptop for all elementary students.
Due to the early Spanish and Portuguese influences, Uruguay’s culture remains quite heavily influenced by southern Europe, and most citizens are of European descent.
Uruguay’s leading industries are the raising of livestock, the processing of animal products and tourism. Its main exports are meat, wool and animal skins and hides. As one of only two South American countries with an investment-grade sovereign bond rating, Uruguay’s economy has been able to remain more buoyant in the face of financial crises than many of its neighbours. It was the only country in the Americas to not experience a recession between 2007 and 2009 and in 2005 was the first South American country to export software – a major boon to its economy.
A founding member of MERCOSUR, Uruguay is a member of major international organizations such as the United Nations, and regional organizations such as the Rio Group and the Latin American Integration Association.
Land Area: 176,215 SQ.KM
GDP: $56.2 billion
GDP pp: $22,374
Post available in: English