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Brazil, here represented by downtown Rio de Janeiro, led the way in improving competitiveness in Latin America. (Photo: Victor Tarcitano)
Wednesday, October 9, 2019
Trade Talk

Competitiveness: Brazil, Colombia Gain Most


Argentina and Venezuela decline, Mexico and Peru improve.  

BY LATINVEX STAFF

Brazil and Colombia are the countries that are improving most in competitiveness in Latin America, according to a Latinvex analysis of the latest Global Competitiveness Index from the World Economic Forum.

Brazil, Latin America’s largest economy, improved its score by 1.4 points – more than any other country in the region – a welcome development after suffering a decline last year.

Meanwhile, Colombia became the 4th-most competitive country as a result of seeing an improved score, trailing only Brazil’s increase, according to our analysis of the new data from the World Economic Forum, which was released in its Global Competitiveness Report 2019.

Mexico and Peru also improved their scores, while Argentina and Venezuela saw declines.

Chile remains the most competitive country, followed by Mexico and Uruguay, while Venezuela remains the laggard in Latin America.

Overall, Latin America’s competitiveness improved, with its average score reaching 57.6  points an improvement of 0.28 points.

The region has made important improvements in many areas, yet it still lags behind in terms of institutional quality (the average regional score is 47.1) and innovation capability (34.3), the two lowest regional performances,” the World Economic Forum said in a statement announcing the new report. 


© Copyright Latinvex

 

 

 

Latin America's Most Competitive 2019

RK

Ch

GRK

Ch

Country

Score

Ch

1

Same

33

Same

Chile

70.5

0.2

2

Same

48

-2

Mexico

64.9

0.3

3

Same

54

-1

Uruguay

63.5

0.8

4

1

57

3

Colombia

62.7

1.1

5

-1

62

-7

Costa Rica

62

-0.1

6

Same

65

-2

Peru

61.7

0.4

7

Same

66

-2

Panama

61.6

0.6

8

Same

71

1

Brazil

60.9

1.4

9

1

78

4

Dom. Rep.

58.3

0.9

10

-1

83

Argentina

57.2

-0.3

11

Same

90

-4

Ecuador

55.7

-0.1

12

Same

97

-2

Paraguay

53.6

0.3

13

Same

98

-2

Guatemala

53.5

0.2

14

1

101

Honduras

52.7

0.2

15

-1

103

-5

El Salvador

52.6

-0.2

16

1

107

-2

Bolivia

51.8

0.4

17

-1

109

-5

Nicaragua

51.5

18

133

-6

Venezuela

41.8

-1.3

Average

57.6

0.28

Sources: World Economic Forum, Latinvex (LatAm rank, change)

LRK=Latin America Rank. GRK=Global Rank

 

 

 

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