Regional Business Environment Overview: Latin America

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Latin America is a key emerging region for global economic growth, accounting for 7.8% of total global GDP in 2014. Brazil is the biggest economy in the region, comprising 38.9% of total regional GDP in 2014, yet Chile far outperforms it in indicators such as the Global Competitiveness Index 2015, at 35th place out of 140 countries compared with 75th for Brazil.