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Are You Making The Most of The Opportunities in The Americas?
Are You Making The Most of The Opportunities in The Americas?
Q2 2013
EXECUTIVE SUMMARY
Q2 2013
MEXICO
Mexico City
BELIZE HONDURAS
G U AT E M A L A
With growth rates of around 4% forecast for the next five years and a projected 8% share of the world economy by 2020, Latin America has a significant role to play in the global economic recovery.
Caracas
PA N A M A
9. peru
Capital: LIMA Population: 29,849,303 GDP: $332 billion* KEY FACTS: 100 companies have direct investments in Peru The UK is the second largest investor in Peru
E L S A LV A D O R NICARAGUA
2. MEXICO
Capital: MEXICO CITY Population: 116,220,947 GDP: $1.788 trillion* KEY FACTS: Analysts predict that Mexicos economy will be larger than the UKs by 2040 The EU-Mexico Free Trade Agreement (meaning no import duties) allows UK exporters to compete on equal terms with exporters from USA and Canada
3. COLOMBIA
Capital: BOGOTA Population: 45,745,783 GDP: $511.1 billion* KEY FACTS: 3rd largest economy in Latin America Included in the CIVETS group of new emerging markets 45th easiest country to do business in (World Bank)
4. ARGENTINA
Capital: BUENOS AIRES Population: 42,610,981 GDP: $755.3 billion* KEY FACTS: 8th largest country in terms of surface area 2nd largest economy in South America Its 40.1 million inhabitants generate the highest per capita GDP in South America
C O S TA R I C A
10. urUguay
Capital: MONTEVIDEO Population: 3,324,460
G U YA N A FRENCH GUIANA SURINAME
VENEZUELA
GDP: $54.67 billion* KEY FACTS: Uruguay is a strong, growing, open economy with many opportunities for UK business UK links are strong and provide a basis for further cooperation in culture and education
Bogota
COLOMBIA
Quito
ECUADOR
PERU
BRAZIL
5. BOLIVIa
Capital: SUCRE Population: 10,461,053 GDP: $56.14 billion* KEY FACTS: The global recession slowed growth, but Bolivia recorded the highest growth rate in South America during 2009
6. chile
Capital: SANTIAGO Population: 17,216,945 GDP: $325.8 billion* KEY FACTS: The UK is Chiles 4th largest foreign investor Widely recognised as the best managed economy in South America Extensive network of Free Trade and Economic Association agreements
7. eCuador
Capital: QUITO Population: 15,439,429 GDP: $155.8 billion* KEY FACTS: One of Latin Americas largest crude oil exporters 24 ethnic groups in four distinct regions A country rich in natural resources, biodiversity and culture
8. paraguay
Capital: ASUNCION Population: 6,623,252 GDP: $41.55 billion* KEY FACTS: Market economy distinguished by a large informal sector
Lima
11. venezuela
Capital: CARACAS Population: 28,459,085
BOLIVIA
Sucre Brasilia
GDP: $408.5 billion* KEY FACTS: Apart from oil, Venezuela produces very little and imports most of what it needs
CHILE
PA R A G U AY
Asuncion
Santiago
ARGENTINA
U R U G U AY
Buenos Aires Montevideo
*Gross domestic product (GDP) or value of all final goods and services produced within a nation in a given year. Figures are 2012 estimates. Source: www.cia.gov/library/publications/the-world-factbook/index.html Population data estimated for 2013 (Source: www.cia.gov/library/publications/the-world-factbook/index.html) Key Facts source: UKTI Map fact source: fco.gov.uk