In this third article of Latin America’s Gates Part lll, we are looking through Colombia and Chile.
Remember that most businesses will require a geographic starting point or anchor. How to choose the right one, will depend on your business needs, target market and stage of operation.
In this article, you will find a detailed macroeconomic analysis of each Latin American country that can help your decision to expand your business.
In case you missed the previous articles, you can read all about Latin America’s Gates here: Article 1, Article 2
Latin America’s Gates Part III Colombia and Chile, Top Markets in Latin America (Cont.)
Latin America’s Gate: Colombia
Colombia is on track for a slow but consistent growth with controlled inflation, stable currency, and low interest rates.
However the risk lies in the huge influx of Venezuelan migrants distressing the government’s finances.
In spite of the above, we can observe that the general macroeconomic panorama shows constant improvement in the main indicators, which could make this country an attractive place to expand.
Source: BGH with information of Banco de la República and OECD Stats.
Latin America’s Gates: Chile
Chile has proved to be the leader and a more efficient economy in the region. The challenges they face come from a less supportive international scenario, and the undertaking of solving innovation, social inclusion, and education.
Nevertheless Chile has managed to stay at the head of many Latin American countries with economic stability, concern for society and macroeconomic policies. All of this, oriented towards political, social and economic well-being.
For all this reasons, Chile is the number one country to invest and expand in Latin America
Source: BGH with information of Banco de Chile and OECD Stats.
In conclusion, we have completed our Latin America’s Gates segment with the part III: Colombia and Chile. If, after analyzing these 6 countries macro economically, you still have doubts about where to expand or if Latin America is the place for your business.
We can help you grow your business and expand to Latin America successfully, contact us for more information.