Manufacturing in Brazil: A Comprehensive Overview
Brazil, the largest economy in South America, stands as a powerhouse for manufacturing activities thanks to its abundant natural resources, vast internal market, and strategic global position. The country has developed robust industries supported by physical...
2024 Ends with Growth in International Tourism and Foreign Investment in Colombia
The Ministry of Commerce, Industry, and Tourism (MinCIT) has announced a remarkable year for Colombia, marked by significant achievements in international tourism, foreign investment, and non-mining energy exports. From January to October 2024, the country welcomed...
The Milei Economic Miracle Has No End: Poverty Plummets in Argentina in the Second Half of 2024
The poverty rate has dropped from 55% to 38.9%. Poverty declines as real wages recover sharply. Job creation in recent quarters has also contributed. Javier Milei's economic plan has achieved results surprisingly quickly: multiple fiscal surpluses, powerful...
The United States, Spain, and Mexico: Top Investors in the Dominican Republic Through September 2024
Canada, with US$187.8 million, Brazil, US$146.3 million, and Panama, US$138.3 million, are the subsequent largest investors. By the end of the third quarter of this year, the Dominican Republic had received US$3,571.8 million in foreign direct investment (FDI), of...
The Aerospace Industry in Chihuahua Will Be the Focus in 2025
The Director of Economic Development and Competitiveness, José Jesús Jordán, announced that by 2025, Chihuahua aims to attract 1 billion pesos in industrial investments, particularly in the aerospace, automotive, and manufacturing sectors. This strategic focus...
2024: A Record-Breaking Year for the Export Maquiladora Industry in Paraguay
One of the most striking milestones of 2024 was the approval of 36 new maquiladora programs, amounting to a total investment of $103 million. This capital inflow has created 4,928 new jobs, increasing the sector’s workforce to 29,956 positions. These figures underline...
Manufacturing in Argentina: An Industry on the Rise
Manufacturing in Argentina has emerged as a cornerstone of the nation’s economy, showcasing its potential as a competitive hub for industrial activity in Latin America. With diverse industries, strategic geographical location, skilled workforce, and robust...
ProInversión: 2024 Has Been a Positive Year for Private Investment in Peru
ProInversión plans to promote 31 projects totaling more than $7.8 billion in 2025. The year 2024 has posed significant challenges for the Peruvian economy. However, efforts by the government, working closely with the private sector, have yielded substantial results,...
Key Factors Shaping Costa Rican Economic Growth in 2025
Experts anticipate that public investment will be pivotal in driving recovery in critical sectors such as agriculture and construction. In recent studies, the Organization for Economic Cooperation and Development (OECD) and the International Monetary Fund (IMF) agree...
What is the New Development Bank of BRICS, and What Benefits Could It Bring to Uruguay?
The BRICS bloc—comprising Brazil, Russia, India, China, and South Africa—represents 46% of the global population and 36% of the world’s GDP. As members of the G-20, these nations have become pivotal players in shaping the global economic landscape. The New Development...
Twelve New Multinational Headquarters Established Under the SEM Regime in Panama in 2024
2024 marked a significant milestone for Panama, welcoming twelve new multinational companies under the Special Regime for Multinational Company Headquarters (SEM). This influx of foreign investment totals $24.2 million, projecting substantial economic diversification...
The Dominican Republic and Honduras Strengthened Trade Relations, Building a Strategic Bridge in 2024
Throughout 2024, the Dominican Republic and Honduras strengthened trade relations, establishing a strategic bridge that benefits both nations. This strengthening of ties has facilitated the entry of various Dominican products into the Honduran market, including rum,...