Chile ranked the best country in Latin America to do business
Published: October 11, 2011
Forbes Magazine's 2011 ranking of the best countries for business places Chile 24th out of 134 countries; the following Latin American country is Peru, in 42nd place.
Chile is considered one of the 25 most attractive countries in the world to do business, getting the 24th position according to a ranking published today by Forbes magazine. According to this ranking, the country is more attractive than the other world powers such as Japan (27th place), South Korea (31st place) or Spain (32nd place). What is even more impressive is that the next Latin American country to rank is Peru (42nd place), followed by Trinidad and Tobago (49th place) and Mexico (57th place). Canada moved from fourth place to number one on Forbes list this year. According to the magazine, the country is the ninth largest economy in the world, and grew 3.1% in 2010, with growth projections of 2.4% this year, according to the Canadian Central Bank. To create its ranking, Forbes evaluated 11 different items: property, innovation, taxes, technology, corruption, freedom (personal, commercial and monetary), bureaucracy, and investment protection and stock market performance rights. Canada earned first place in ten of the assessed measures. The United States economy, however, slid to 10th place from the ninth place in 2010.
Source: www.emol.com