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Mexico is among the competitiveness winners in Latin America. Here Avenida Reforma in capital Mexico City. (Photo: Mexico City Government)
Wednesday, October 17, 2018
Trade Talk

Competitiveness: Mexico, Argentina Improve


Brazil, Panama and Venezuela deteriorate their competitiveness.

BY LATINVEX STAFF

Mexico and Argentina improved their competitiveness, while Brazil suffered a decline, according to the latest Global Competitiveness Index from the World Economic Forum.

Overall, Latin America saw an improved competitiveness, according to a Latinvex analysis of the data.

However, the World Economic Forum warns that the region’s competitive environment remains frail.

“The region’s competitiveness remains fragile and could be further jeopardized by a number of factors including increased risk from trade protectionism in the United States; spillover of Venezuela’s economic and humanitarian crisis; policy uncertainty from elections in the region’s largest economies, and disruptions from natural disasters threatening the Caribbean,” it says. “Insecurity and weak institutions are two of the biggest challenges for most countries.

The Dominican Republic saw the largest gains in its score, while Venezuela suffered most. Panama also was among the biggest losers, the latest Global Competitiveness Index from the World Economic Forum shows.

 

Latin America's Most Competitive 2018

RK

Ch

GRK

Ch

Country

Score

Ch

1

Same

33

Same

Chile

70.3

0.9

2

1

46

-2

Mexico

64.6

0.5

3

4

53

-3

Uruguay

62.7

4

-2

55

-1

Costa Rica

62.1

0.4

5

Same

60

-3

Colombia

61.6

0.1

6

Same

63

-3

Peru

61.3

0.2

7

-4

64

-9

Panama

61

-0.6

8

Same

72

-3

Brazil

59.5

-0.2

9

81

-2

Argentina

57.5

0.1

10

82

Dom. Rep.

57.4

1.8

11

86

-3

Ecuador

55.8

0.4

12

95

1

Paraguay

53.4

0.5

13

96

-5

Guatemala

53.4

-0.1

14

98

El Salvador

52.8

0.4

15

101

2

Honduras

52.5

1.2

16

104

-3

Nicaragua

51.5

17

105

Bolivia

51.4

18

127

-10

Venezuela

43.2

-1.9

Average

57.3

0.25

Note: Bolivia not included in last year's ranking.

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

LRK=Latin America Rank. GRK=Global Rank

 

 

 

 

 

 

 

 

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