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Ecuador, eighth most attractive economy in Latin America according to global ranking
Posted On 10 Sep 2020
The European House – Ambrosetti group presented the 2020 edition of the Global Attraction Index (GAI), which measures and compares the potential, in terms of investment and productive development, of 144 world economies.
Ecuador, eighth most attractive economy in Latin America according to global ranking
The researchers in charge of preparing the index assign a score to the economies taking into account various variables grouped into four dimensions: openness, innovation, talent and efficiency. But the score is relative: they assign 100 to the best – which is Germany for the third year in a row – and estimate how far the others are from it.
” The attractiveness of a country is, in fact, a concept that depends on a plurality of economic factors, but also social, cultural, innovation, efficiency, openness and dialogue with foreign countries and the talent of each one” the report holds.
Ecuador occupied box 84 , after obtaining a score of 24.42 , which represents a difference of 75.58 points compared to the leader. Ecuador rose 3 places, in the 2019 report it occupied box 87 with a score of 22.11 .
If only the 19 Latin American countries evaluated were taken into account (Cuba does not appear in the report), Ecuador would occupy the eighth place , in a ranking led by Brazil, Mexico and Chile. These three countries are the only ones in Latin America that are in the top 50 of the index, occupying positions 41, 43 and 46, respectively.
Of the 144 nations that are evaluated: 6.3% are classified with high attraction (9 countries); 6.9% are classified with good attraction (10 countries); 31.3% are under the category of medium attraction (45 countries), and 55.5% are under the denomination of low attractiveness, to this last group is Ecuador .
Latin American countries are far from the high attraction category . Brazil (41, 44.74), Mexico (43, 43.46) and Chile (46, 39.80) are considered medium attraction, while the rest are “low attraction” .
Nine are located between positions 50 and 100: Uruguay (66º, 27.56), Panama (70º, 26.87), Dominican Republic (74º, 26.46), Peru (82º, 24.87), Ecuador (84º, 24.42), Costa Rica (88º , 23.17), Colombia (91º, 22.51), Argentina (92º, 22.15) and Paraguay (95º, 20.32).
The rest are among the worst scored in the world: Guatemala (104º, 16.87), Bolivia (116º, 12.36), Honduras (120º, 11.13), El Salvador (122º, 10.88), Nicaragua (130º, 9.34), Venezuela ( 137º, 5.74) and Haiti (141º, 4.35). (I)
