Five LatAm Countries Appear on Bloomberg’s List of Top Emerging Markets

BY STAFF REPORT

A total of five Latin American countries, including Peru and Colombia, have found a place in the list of top 20 emerging markets unveiled by the Bloomberg Markets Magazine last week.

The magazine said it graded the countries on more than a dozen criteria and also took into account the assessment made by the IMF and the World Bank in reaching its conclusion.

The three leading factors that the Bloomberg considered are: ease of doing business, perceived level of corruption, and economic freedom.

Asian nations, like China and South Korea, dominated the top of the list and are closely followed by the countries in Latin America.

Among the Latin American countries, Peru and Chile were ranked fourth and eighth, while Brazil and Mexico held 17 and 16 slot respectively.

Brazil

GDP growth, 2013 to 2017: 22.3%

Inflation rate: 4.7%

Government debt as % of GDP: 57.3

Ease of doing business, rank: 130

Mexico

GDP growth, 2013 to 2017: 17.5%

Inflation rate: 3.1%

Government debt as % of GDP: 43.1

Ease of doing business, rank: 48

Colombia

GDP growth, 2013 to 2017: 21.9%

Inflation rate: 3.0%

Government debt as % of GDP: 29.2

Ease of doing business, rank: 45

Chile

GDP growth, 2013 to 2017: 24.2

Inflation rate: 3.0

Government debt as % of GDP: 12.9

Ease of doing business, rank: 37

Peru

GDP growth, 2013 to 2017: 27.4%

Inflation rate: 2.1%

Government debt as % of GDP: 17.2

Ease of doing business, rank: 43