FDI's Latin American States of The Future 2018-19

REGIONS
LATIN AMERICAN STATES OF THE FUTURE
Latin American States

of the Future
2018/19
Winners
IN fDi’S INAUGURAL STUDY OF STATES IN MEXICO AND SOUTH AMERICA, SÃO
PAULO HAS BEEN CROWNED OUR LATIN AMERICAN STATE OF THE FUTURE FOR
2018/19. BUENOS AIRES AUTONOMOUS CITY CAME SECOND WHILE MEXICO
CITY DISTRICT RANKED THIRD. CATHY MULLAN ANALYSES THE RESULTS
B
razil’s São Paulo has been TOP 25 LATIN AMERICAN STATES OF THE FUTURE 2018/19: OVERALL
named fDi’s Latin American RANK STATE COUNTRY
State of the Future for 2018/19. 1 São Paulo Brazil
Located on the country’s south-east- 2 Buenos Aires Autonomous City Argentina
ern coast, São Paulo – the most popu- 3 Mexico City Mexico
lous state in the study – ranks first for 4 Nuevo León Mexico
both Economic Potential and 5 Querétaro Mexico
Business Friendliness. It boasted the 6 Capital District Colombia
highest GDP of all locations analysed 7 Metropolitana de Santiago Chile
and was the most attractive state in 8 Guanajuato Mexico
the region for foreign investors 9 Rio de Janeiro Brazil
between 2013 and 2017.
10 Jalisco Mexico
According to data from greenfield
11 Antofagasta Chile
investment monitor fDi Markets, 592
12 Buenos Aires Province Argentina
companies invested in 659 projects in
13 Coahuila Mexico
the state in the review period. In
14 Baja California Mexico
recent years, São Paulo has received
major investments from US-based New 15 Paraná Brazil
Generation Power, which invested 16 Lima Peru
more than $900m with joint-venture 17 Atacama Chile
partner Grupo Léros in a photovoltaic 18 Santa Catarina Brazil
power facility in Taubaté, and Spain- 19 Minas Gerais Brazil
based call-centre operator Atento, 20 Chihuahua Mexico
which hired 3000 people for its new 21 Rio Grande do Sul Brazil
contact centre facility in Guarulhos. 22 San Luis Potosí Mexico
São Paulo is home to more com- 23 Aguascalientes Mexico
panies in knowledge-based sectors 24 Flores Uruguay
than any other state in the region, 25 México Mexico
contributing to its first place in the Note: Some major city districts or autonomous cities were included
Business Friendliness category. P3
Ingenieurgesellschaft, a Germany-
based engineering and consulting
company, attributed its decision to
open an office in São Paulo in 2016 to
the state’s reputation as a leading
technology and research centre
within Latin America.
34 www.fDiIntelligence.com August/September 2018

REGIONS
Buenos Aires tech boost TOP 10 LATIN AMERICAN STATES TOP 10 LATIN AMERICAN STATES
Second ranked Buenos Aires OF THE FUTURE 2018/19 – OF THE FUTURE 2018/19 – HUMAN
Autonomous City state hosts ECONOMIC POTENTIAL OVERALL CAPITAL AND LIFESTYLE OVERALL
Argentina’s capital city and is home to RANK STATE COUNTRY RANK STATE COUNTRY
more than 3 million people. The state 1 São Paulo Brazil 1 Buenos Aires Auto Argentina
is creative and innovative, with the 2 Querétaro Mexico 2 São Paulo Brazil
highest proportion of third-level stu- 3 Buenos Aires Auto Argentina 3 Metro de Santiago Chile
dents of all Latin American states and 4 Nuevo León Mexico 4 Lima Peru
the highest registration of patents on 5 Mexico City Mexico 5 Mexico City Mexico
a per capita basis. Buenos Aires 6 Capital District Colombia 6 Minas Gerais Brazil
Autonomous City boasts 33 higher 7 Metro de Santiago Chile 7 Bogota Colombia
8 Guanajuato Mexico 8 Buenos Aires Prov Argentina
education colleges and universities
9 Rio de Janeiro Brazil 9 Paraná Brazil
and 21 International Baccalaureate
10 Jalisco Mexico 10 Valparaíso Chile
schools, helping it to rank first in the
Human Capital and Lifestyle category.
US-based CloudHesive credited its TOP 10 LATIN AMERICAN STATES TOP 10 LATIN AMERICAN STATES
November 2017 decision to open an OF THE FUTURE 2018/19 – COST OF THE FUTURE 2018/19 –
office in the state to its reputation for EFFECTIVENESS OVERALL CONNECTIVITY OVERALL
innovation. Buenos Aires RANK STATE COUNTRY RANK STATE COUNTRY
Autonomous City was chosen due to 1 Manabí Ecuador 1 Quintana Roo Mexico
the “eagerness of the technical com- 2 Chimborazo Ecuador 2 Buenos Aires Prov Argentina
munity to be leaders in Latam and 3 Chuquisaca Bolivia 3 São Paulo Brazil
drive innovation”. 4 Cochabamba Bolivia 4 Paraná Brazil
Mexico City district (formerly 5 Santa Cruz Bolivia 5 Metro de Santiago Chile
known as Federal District) boasted 6 Esmeraldas Ecuador 6 Rio de Janeiro Brazil
the third highest level of GDP of all 7 Cajamarca Peru 7 Veracruz Mexico
8 Apurímac Peru 8 Jalisco Mexico
171 Latin American states analysed
9 La Paz Bolivia 9 Baja California Sur Mexico
(more than $347m at purchasing
10 Demerara-Mahaica Guyana 10 Santa Catarina Brazil
power parity rate) and ranks third
overall. One of the most accessible
areas in the region, investors from TOP 10 LATIN AMERICAN
56 international destinations can STATES OF THE FUTURE 2018/19 –
reach the district directly, where BUSINESS FRIENDLINESS OVERALL
sales, marketing and support opera- RANK STATE COUNTRY
tions make up the majority of the 1 São Paulo Brazil
business activities from inward 2 Capital District Colombia
investors, accounting for more than 3 Nuevo León Mexico
40% of all investment in the state 4 Guanajuato Mexico
between 2013 and 2017. 5 Querétaro Mexico
Almost two-fifths of all invest- 6 Coahuila Mexico
ment in Mexico City is derived from 7 Baja California Mexico
US companies, with recent invest- 8 Jalisco Mexico
ments from software giant Microsoft, 9 Metro de Santiago Chile
10 Chihuahua Mexico
financial institution Bank of America
and home rental company Airbnb.
Spanish companies accounted for
more than 11% of investments
between 2013 and 2017, while German
companies accounted for 7.5%. ■
“BUENOS AIRES
AUTONOMOUS
CITY HAS
THE HIGHEST
PROPORTION OF
THIRD-LEVEL
STUDENTS OF ALL
LATIN AMERICAN
STATES “
August/September 2018 www.fDiIntelligence.com 35

REGIONS
Major states
TOP 10 MAJOR LATIN AMERICAN STATES OF TOP 10 MAJOR LATIN AMERICAN STATES OF
THE FUTURE 2018/19 – OVERALL THE FUTURE 2018/19 – ECONOMIC POTENTIAL
RANK STATE COUNTRY RANK STATE COUNTRY
1 São Paulo Brazil 1 São Paulo Brazil
2 Mexico City Mexico 2 Nuevo León Mexico
3 Nuevo León Mexico 3 Mexico City Mexico
4 Capital District Colombia 4 Capital District Colombia
5 Metropolitana de Santiago Chile 5 Metropolitana de Santiago Chile
6 Guanajuato Mexico 6 Guanajuato Mexico
7 Rio de Janeiro Brazil 7 Rio de Janeiro Brazil
8 Jalisco Mexico 8 Jalisco Mexico
9 Buenos Aires Province Argentina 9 Buenos Aires Province Argentina
10 Paraná Brazil 10 Lima Peru
THE FUTURE 2018/19 – HUMAN CAPITAL THE FUTURE 2018/19 – COST EFFECTIVENESS
AND LIFESTYLE RANK STATE COUNTRY
RANK STATE COUNTRY 1 Guayas Ecuador
1 São Paulo Brazil 2 Ceará Brazil
2 Metropolitana de Santiago Chile 3 Pernambuco Brazil
3 Lima Peru 4 Maranhão Brazil
4 Mexico City Mexico 5 Oaxaca Mexico
5 Minas Gerais Brazil 6 Chiapas Mexico
6 Capital District Colombia 7 Minas Gerais Brazil
7 Buenos Aires Province Argentina 8 Puebla Mexico
8 Paraná Brazil 9 Guanajuato Mexico
9 Puebla Mexico 10 Bahia Brazil
10 Rio Grande do Sul Brazil
THE FUTURE 2018/19 – CONNECTIVITY THE FUTURE 2018/19 – BUSINESS
RANK STATE COUNTRY FRIENDLINESS
1 Buenos Aires Province Argentina RANK STATE COUNTRY
2 São Paulo Brazil 1 São Paulo Brazil
3 Paraná Brazil 2 Capital District Colombia
4 Metropolitana de Santiago Chile 3 Nuevo León Mexico
5 Rio de Janeiro Brazil 4 Guanajuato Mexico
6 Veracruz Mexico 5 Jalisco Mexico
7 Jalisco Mexico 6 Metropolitana de Santiago Chile
8 Santa Catarina Brazil 7 México Mexico
9 Mexico City Mexico 8 Mexico City Mexico
10 Michoacán Mexico 9 Lima Peru
10 Antioquia Colombia
GUAYAS
IN ECUADOR
TOPPED
THE COST-
EFFECTIVENESS
RANKING FOR
MAJOR STATES

REGIONS
Large states
TOP 10 LARGE LATIN AMERICAN STATES OF TOP 10 LARGE LATIN AMERICAN STATES OF
1 Buenos Aires Auto Argentina 1 Querétaro Mexico
2 Querétaro Mexico 2 Buenos Aires Auto Argentina
3 Coahuila Mexico 3 Coahuila Mexico
4 Baja California Mexico 4 Baja California Mexico
5 Chihuahua Mexico 5 San Luis Potosí Mexico
6 San Luis Potosí Mexico 6 Chihuahua Mexico
7 Quintana Roo Mexico 7 Federal District Brazil
8 Santa Fe Argentina 8 Sonora Mexico
9 Sonora Mexico 9 Santa Fe Argentina
10 Atlantico Colombia 10 Atlantico Colombia
RANK STATE COUNTRY 1 Manabí Ecuador
1 Buenos Aires Auto Argentina 2 Cochabamba Bolivia
2 Valparaíso Chile 3 Santa Cruz Bolivia
3 Pichincha Ecuador 4 Cajamarca Peru
4 La Libertad Peru 5 La Paz Bolivia
5 Biobío Chile 6 Piura Peru
6 Cordoba Argentina 7 La Libertad Peru
7 Santa Fe Argentina 8 Central Paraguay
8 Tucuman Argentina 9 Alagoas Brazil
9 Mendoza Argentina 10 Cundinamarca Colombia
10 Federal District Brazil
1 Quintana Roo Mexico RANK STATE COUNTRY
2 Buenos Aires Auto Argentina 1 Querétaro Mexico
3 Guerrero Mexico 2 Coahuila Mexico
4 Sinaloa Mexico 3 Baja California Mexico
5 Santa Fe Argentina 4 Chihuahua Mexico
6 Valparaíso Chile 5 Buenos Aires Auto Argentina
7 Tamaulipas Mexico 6 San Luis Potosí Mexico
8 Sonora Mexico 7 Valparaíso Chile
9 Tabasco Mexico 8 Cundinamarca Colombia
10 Córdoba Argentina 9 Atlantico Colombia
10 Biobío Chile
BUENOS AIRES
AUTONOMOUS
CITY TOOK
SECOND
PLACE OVERALL
AND SCORED
HIGHLY IN
NUMEROUS
CATEGORIES
August/September 2018 www.fDiIntelligence.com 37

REGIONS
Mid-sized states
TOP 10 MID-SIZED LATIN AMERICAN STATES TOP 10 MID-SIZED LATIN AMERICAN STATES OF
OF THE FUTURE 2018/19 – OVERALL THE FUTURE 2018/19 – ECONOMIC POTENTIAL
1 Antofagasta Chile 1 Antofagasta Chile
2 Aguascalientes Mexico 2 Aguascalientes Mexico
3 Montevideo Uruguay 3 Montevideo Uruguay
4 Baja California Sur Mexico 4 Campeche Mexico
5 Coquimbo Chile 5 Neuquén Argentina
6 Campeche Mexico 6 Chubut Argentina
7 Callao Peru 7 Baja California Sur Mexico
8 Lib Gen Bernardo O’Higgins Chile 8 Salta Argentina
9 Maule Chile 9 Meta Colombia
10 Los Lagos Chile 10 Canelones Uruguay
TOP 10 MID-SIZED LATIN AMERICAN TOP 10 MID-SIZED LATIN AMERICAN

STATES OF THE FUTURE 2018/19 – STATES OF THE FUTURE 2018/19 –
HUMAN CAPITAL AND LIFESTYLE COST EFFECTIVENESS
1 Montevideo Uruguay 1 Chimborazo Ecuador
2 Antofagasta Chile 2 Chuquisaca Bolivia
3 Maule Chile 3 Esmeraldas Ecuador
4 Los Lagos Chile 4 Huánuco Peru
5 Coquimbo Chile 5 Azuay Ecuador
6 Arequipa Peru 6 Loreto Peru
7 Salta Argentina 7 Puno Peru
8 Azuay Ecuador 8 Junín Peru
9 Rio Negro Argentina 9 Áncash Peru
10 Corrientes Argentina 10 Lambayeque Peru
TOP 10 MID-SIZED LATIN AMERICAN TOP 10 MID-SIZED LATIN AMERICAN

STATES OF THE FUTURE 2018/19 – STATES OF THE FUTURE 2018/19 –
CONNECTIVITY BUSINESS FRIENDLINESS
1 Baja California Sur Mexico 1 Antofagasta Chile
2 Antofagasta Chile 2 Aguascalientes Mexico
3 Callao Peru 3 Maule Chile
4 Colima Mexico 4 Lib Gen Bernardo O’Higgins Chile
5 Coquimbo Chile 5 Los Lagos Chile
6 Montevideo Uruguay 6 Montevideo Uruguay
7 Lib Gen Bernardo O’Higgins Chile 7 Coquimbo Chile
8 Maule Chile 8 Canelones Uruguay
9 Los Lagos Chile 9 Ica Peru
10 Aguascalientes Mexico 10 Caldas Colombia
ANTOFAGASTA
IN CHILE HAS
MARITIME LINKS
WHICH HELPED
IT SCORE HIGHLY
AMONG MID-
SIZED STATES

REGIONS
Small states
TOP 10 SMALL LATIN AMERICAN STATES OF TOP 10 SMALL LATIN AMERICAN STATES OF
1 Atacama Chile 1 Flores Uruguay
2 Flores Uruguay 2 Atacama Chile
3 Tarapacá Chile 3 Santa Cruz Argentina
4 Río Negro Uruguay 4 Río Negro Uruguay
5 Santa Cruz Argentina 5 Tierra del Fuego Argentina
6 Arica y Parinacota Chile 6 Salto Uruguay
7 Los Ríos Chile 7 Tarapacá Chile
8 Maldonado Uruguay 8 Florida Uruguay
9 Tierra del Fuego Argentina 9 Rocha Uruguay
10 Salto Uruguay 10 Maldonado Uruguay
RANK STATE COUNTRY 1 Apurímac Peru
1 Galápagos Ecuador 2 Demerara-Mahaica Guyana
2 Arica y Parinacota Chile 3 Boquerón Paraguay
3 La Rioja Argentina 4 Concepción Paraguay
4 Los Ríos Chile 5 Tacna Peru
5 Moquegua Peru 6 Tumbes Peru
6 Tarapacá Chile 7 Galápagos Ecuador
7 Atacama Chile 8 Moquegua Peru
8 Maldonado Uruguay 9 Putumayo Colombia
9 San Luis Argentina 10 Casanare Colombia
10 Tierra del Fuego Argentina
1 Tarapacá Chile RANK STATE COUNTRY
2 Arica y Parinacota Chile 1 Atacama Chile
3 Atacama Chile 2 Los Ríos Chile
4 Los Ríos Chile 3 Río Negro Uruguay
5 Maldonado Uruguay 4 Flores Uruguay
6 Demerara-Mahaica Guyana 5 Tarapacá Chile
7 Tierra del Fuego Argentina 6 Arica y Parinacota Chile
8 Vargas Venezuela 7 San José Uruguay
9 Tacna Peru 8 Florida Uruguay
10 San Luis Argentina 9 Treinta y Tres Uruguay
10 Maldonado Uruguay
FLORES
IN URUGUAY
SCORED HIGHLY
IN ECONOMIC
POTENTIAL
AMONG
SMALLER STATES

REGIONS
NORTH AMERICAN
LATIN
CITIES
AMERICAN
AND REGIONS
STATES OF THE FUTURE
FDI Strategy
TOP 10 XXXXXXX XXXXXXX XXXXXXX TOP 10 XXXXXXX XXXXXXX XXXXXXX
XXXXXXXXXX XXXXXXXXXX XXXXXXXXXX XXXXXXXXXX FACT BOX
RANK CITY
1 Xxxxxxx Xxxxxx
COUNTRY RANK CITY
1 Xxxxxxx Xxxxxx
COUNTRY
FIRST LINE
2 Xxxxxxx Xxxxxx 2 Xxxxxxx Xxxxxx IN BOLD, THE
3
4
Xxxxxxx Xxxxxx
Xxxxxxx Xxxxxx
3
4
Xxxxxxx Xxxxxx
Xxxxxxx Xxxxxx REST IN THIN
XXXX XXXX
M
5 Xxxxxxx Xxxxxx 5 Xxxxxxx Xxxxxx
ore than 60 staff at Investe investment6 attraction strategy. FIEMG,
6
7
Xxxxxxx Xxxxxx
São Paulo are responsible for
Xxxxxxx Xxxxxx an industrial
Xxxxxxx Xxxxxx
7 federation which also
Xxxxxxx Xxxxxx
Editors’ XXXXXXX
choice XXXXX
award
8 investment promotion for
Xxxxxxx Xxxxxx carries out
8 investment promotion,
Xxxxxxx Xxxxxx XXXX XXX
9 state
the Xxxxxxx Xxxxxx
10 for
first
of São Paulo, which ranks
Xxxxxxx Xxxxxx
FDI Strategy in fDi’s Latin
9
owns a pioneering Xxxxxxx Xxxxxx
business intelli-
10 designed
gence system Xxxxxxx Xxxxxx
to support XXXXXX
TOP 10 LATIN AMERICAN XXXXX
STATES
FUTURE 2018/19 – FDI STRATEGY
OF THE
American States of the Future investing companies and assist them RANK STATE XXXXX XXXXX COUNTRY
2018/19 league tables. Staff training in their business decisions. It is the 1 São Paulo Brazil
TOP
is 10 XXXXXXX
provided XXXXXXX XXXXXXX
by internationally TOP 10toXXXXXXX
recog- first such system be used inXXXXXXX
Brazil, XXXXXXX
2 Minas Gerais Brazil
XXXXXXXXXX
nised XXXXXXXXXX
organisations, including the and puts the XXXXXXXXXX
agency at theXXXXXXXXXX
forefront of 3 Paraná Brazil
RANK CITY
World Bank and the International COUNTRYtechnologyRANK CITY
and investment attraction 4 COUNTRY
Atlantico Colombia
1
Finance Xxxxxxx Xxxxxx
Corporation. 1 FIEMG’s
in the country. Xxxxxxx Xxxxxx
key initiatives 5 Durango Mexico
2 Investe
Xxxxxxx Xxxxxx
São Paulo provides an for attracting 2 Xxxxxxx Xxxxxx
investment include 6 Capital District Colombia
3 Xxxxxxx Xxxxxx 3 Xxxxxxx Xxxxxx 7 Guanajuato Mexico
interactive ‘São Paulo in Maps’ tool working with states to improve the
4 Xxxxxxx Xxxxxx 4 Xxxxxxx Xxxxxx 8 Valle de Cauca Colombia
on its website, where prospective local business environment and
5 Xxxxxxx Xxxxxx 5 Xxxxxxx Xxxxxx 9 Risaralda Colombia
investors can view macroeconomic attracting investors, as well as interna-
6
and
Xxxxxxx Xxxxxx
7 statistical information for the tional outreach
Xxxxxxx Xxxxxx
6
7
Xxxxxxx Xxxxxx
missions.
Xxxxxxx Xxxxxx
10 “QUISQUE
Buenos Aires Autonomous City Argentina
state’s
8 645 municipalities,
Xxxxxxx Xxxxxx enabling Invest in
8 Paraná, tasked
Xxxxxxx Xxxxxx with TURPIS LOREM,
the
9 user
structure
10
to research locations, infra- attracting9 investors
Xxxxxxx Xxxxxx
and higher education insti- ranks third
Xxxxxxx Xxxxxx 10 in the
to Paraná state,
Xxxxxxx Xxxxxx
FDI Strategy cate-
Xxxxxxx Xxxxxx
PORTA NEC
tutions in proximity, logistics and gory and is located just south of São VENENATIS
cluster information.
Investe São Paulo
Paulo. The agency recently launched
remains in close the ‘CEO Investment Meeting’, which XXXXXXX
NEC. MAURIS
TOP 10 XXXXXXX TOP 10 XXXXXXX
contact
RANK CITY
XXXXXXX
with investing companies COUNTRYbrings together investors
XXXXXXXXXX
XXXXXXX
and the
XXXXXXXXXX VIVERRA IACU-
already
1
itor
installed in the state, to mon- state governor
Xxxxxxx Xxxxxx
2 expansion plans or answer any companies1 and the
to discuss the needs of
RANK CITY
Xxxxxxx Xxxxxx
local investment
COUNTRY LIS NISL A
requests.
3
Xxxxxxx Xxxxxx
Advocacy remains an environment.
Xxxxxxx Xxxxxx 2 A Xxxxxxx Xxxxxx
series of meetings HENDRERIT.
4
important part of the promotion has resulted
Xxxxxxx Xxxxxx 3 in the
Xxxxxxx Xxxxxx
implementation
4 taxXxxxxxx Xxxxxx
PROIN FRING-
5
body’s
6
with
Xxxxxxx Xxxxxx
mission and it works closely of three new
Xxxxxxx Xxxxxx
the government to ensure any ing investment 5
policies encourag-
Xxxxxxx Xxxxxx
at sector level. The ILLA VEHICULA
7 Xxxxxxx Xxxxxx
barriers to investments are removed. Paraná Competitivo6
7
Xxxxxxx Xxxxxx
programme
Xxxxxxx Xxxxxx
LACUS, LUC-
8
9
Minas
Xxxxxxx Xxxxxx offers investors
Xxxxxxx Xxxxxx
Gerais’ intelligent thinking greenfield,
incentives
8 brownfield
that cover
Xxxxxxx Xxxxxx
and e-com-
TUS
10 littleXxxxxxx Xxxxxx
A
9 Xxxxxxx Xxxxxx
to the north of São Paulo, merce, in addition to site selection
10 Xxxxxxx Xxxxxx
LUCTUS MI. ”
Minas Gerais ranks second for its and technical support. ■
XXXXXXXXX
XXXXXXXXXXXX
TOP 10 XXXXXXX XXXXXXX XXXXXXX TOP 10 XXXXXXX XXXXXXX XXXXXXX
XXXXXXXXXX XXXXXXXXXX XXXXXXXXXX XXXXXXXXXX
RANK CITY COUNTRY RANK CITY COUNTRY
MINAS GERAIS
IN BRAZIL IS
4
5
Xxxxxxx Xxxxxx
Xxxxxxx Xxxxxx
4
5
Xxxxxxx Xxxxxx
Xxxxxxx Xxxxxx
PIONEERING
A BUSINESS
7
8
Xxxxxxx Xxxxxx
Xxxxxxx Xxxxxx
7
8
Xxxxxxx Xxxxxx
Xxxxxxx Xxxxxx
INTELLIGENCE
SYSTEM
DESIGNED
TO SUPPORT
INVESTMENT
August/September
Month/2016 2018 www.fDiIntelligence.com
www.fDiIntelligence.com 41
REGIONS
SÃO PAULO
STATE
TOPPED
THE OVERALL
RANKINGS,
AND TOOK THE
EDITORS’ CHOICE
AWARD FOR
FDI STRATEGY
METHODOLOGY
To create a shortlist for the fDi Latin Connectivity and Business lected under a sixth category, FDI
American States of the Future 2018/19 Friendliness. Locations scored up to a Strategy, for which there were 32 sub-
ranking, the fDi Intelligence division of maximum of 10 points for each data missions. Locations that ranked in
the Financial Times collected data point, which were weighted by impor- the top 10 in this category were given
using the specialist online FDI tools fDi tance to the FDI decision making pro- bonus points, which contributed to
Benchmark and fDi Markets as well as cess in order to compile both the sub- their overall score. Together, the data
other sources. Data was collected for category rankings as well as the overall subcategory rankings and the FDI
171 locations under five categories: Latin American States of the Future Strategy ranking make up the overall
Economic Potential, Human Capital 2018/19 ranking. Latin American States of the Future
and Lifesytle, Cost Effectiveness, In addition, surveys were col- 2018/19 ranking. ■
JUDGING CRITERIA
ECONOMIC POTENTIAL HUMAN CAPITAL AND LIFESTYLE • Cost of establishing an electricity BUSINESS FRIENDLINESS
• Population • Labour force as % of population connection (absolute value using GNI) • Total number of companies within
• Average annual population growth rate • Secondary enrollment rate (%) • Corporation tax rate (%) hi-tech manufacturing sector 2017
(%) • Tertiary enrollment rate (%) • VAT/common indirect tax rate (%) • Total number of companies within
• Unemployment rate • Education expenditure (% of GNI) • Total tax rate, % of profit hi-tech service sector 2017
• Inflation rate • Number of higher education institutions • Country PPP/exchange rate 2016 • Total number of companies within the
• GDP (PPP current $) (millions) • Number of higher education institutions knowledge-based sector 2017
• Electricity ($ per kwH) • Proportion of companies within hi-tech
• GDP per Capita (PPP current $) per 100,000 population
• Average annual GDP growth rate (2011- • Number of IB schools manufacturing sector 2017 (%)
CONNECTIVITY • Proportion of companies within hi-tech
2015) • Number of IB Schools per 100,000
• Projected average annual GDP growth people • Upload speed (kb/s) service sector 2017 (%)
rate (2016-2020) • QS University Rankings: Latin America • Download speed (kb/s) • Proportion of companies within the
• Outward FDI (2013-2017) 2017 Top 400 universities • Percentage of people using the internet knowledge-based sector 2017 (%)
• Outward FDI per 100,000 people (2013- • Number of students (%) • Number of companies within hi-tech
2017) • Third level students as % of population • ICT Development Index manufacturing sector per 100,000
• Inward FDI (2013-2017) • Ability to attract and retain talent • Mobile phone subscribers (2017) per population
• Inward FDI per 100,000 people (2013- • Physicians (per 1,000 people) capita • Number of companies within hi-tech
service sector per 100,000 population
2017) • Life expectancy • Number of airports within the state
• Number of companies within the
• FDI in R&D and DDT (2013-2017) • Social Progress Index 2016 • Number of international destinations knowledge based sector per 100,000
• FDI in advanced manufacturing (2013- served population
2017) COST EFFECTIVENESS • Distance to nearest international airport • Number of jobs created by all inward FDI
• Number of mega projects by capex • Average annual salary for an unskilled (km) (2013-2017)
(more than $100m) (2013-2017) worker ($) • Number of ports (medium) • Number of jobs created by all inward FDI
• Number of mega projects by capex • Average annual salary for an semi-skilled • Number of ports (large) per 100,000 people (2013-2017)
(more than $100m) per 100,000 people worker ($) • Number of ports (very large) • Number of expansion/co-location
(2013-2017) • Average annual salary for an skilled projects (2013-2017)
• Number of ports (medium+)
• Number of mega projects by jobs (more worker ($) • Corporation tax rate (%)
• Liner shipping connectivity index (2017)
than 1000 jobs) (2013-2017) • 4*/5* hotel in city centre ($ per night) • Days taken to start a business
• Number of mega projects by jobs (more • Minimum wage ($ per month) • Environmental Performance Index 2016
• Firing costs
than 1000 jobs) per 100,000 people • Cost of establishing a business (absolute • Logistics Performance Index 2016
• Ease of Doing Business Rank 2016
(2013-2017) value using GNI) • Networked Readiness Index 2016 • Strength of Investor Protection Index
• Capital expenditure on R&D and DDT • Cost of registering a property (absolute • Quality of overall infrastructure 2017 • Index of Economic Freedom
Projects ($) (2013-2017) value using GNI) • Quality of roads 2017 • Corruption Perception Index 2016
• Number of patents 2007-2016 • Cost of construction permits (% of • Quality of railroad infrastructure 2017 • Fragile States Index 2017
• Number of patents per 100,000 people warehouse value) • Companies in transportation per • Credit rating (S&P)
2007-2016 • Petrol prices ($ per litre) 100,000 people • Country risk score

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REGIONS

LATIN AMERICAN STATES OF THE FUTURE

Latin American States

34 www.fDiIntelligence.com August/September 2018

August/September 2018 www.fDiIntelligence.com 35

36 www.fDiIntelligence.com August/September 2018

August/September 2018 www.fDiIntelligence.com 37

TOP 10 MID-SIZED LATIN AMERICAN TOP 10 MID-SIZED LATIN AMERICAN

TOP 10 MID-SIZED LATIN AMERICAN TOP 10 MID-SIZED LATIN AMERICAN

38 www.fDiIntelligence.com August/September 2018

40 www.fDiIntelligence.com August/September 2018

42 www.fDiIntelligence.com August/September 2018

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