Regional Business Environment Overview: Latin America

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 35^th place out of 140 countries compared with 75^th for Brazil.