The economies of Chile, Colombia, Mexico and
Peru are per se attractive to the entire world due to their solid democratic
structures, the positive investment conditions and their dynamic and globalized
markets. Each of them plays an important role in the economy of the region and
has its own competitive advantages.
Chile
In this case, the country is an emerging
country that has sustained its economic growth and is well recognized for its
progress in social development. These are the main characteristics of Chile:
Colombia
This country is an emerging
economy anda n economic power in Latin America. It is renowned for its coffee
production, flowers, coal and oil. Here is the main information about its economy:
Mexico
Mexico is the 14th economy
worldwide and its foreign trade represents 60% of the GDP. Its main exports are
oil, manufactures, metals and cars. Here is some economic data about the
country:
Peru
This last and small country has
grown an average of 6.4% each year since 2002, due to an increased private
investment that has also helped to reduce poverty. The country has a wide range
of mineral and fishing resources. Here you can see its main economic
characteristics:
Economic value of the Pacific Alliance
The deep integration, development
and competitiveness sought through the Pacific Alliance makes the markets of
its member countries even more attractive to the rest of the world.
Together, the economies of Chile,
Colombia, Mexico and Peru represent:
With a GDP per capita of 10,000 USD and a mainly young
population, the Pacific Alliance has a qualified workforce anda n attractive
market with a growing purchasing power. Other aspects that should be taken into
account are:
•
In 2013, the
Alliance Members States' average growth rate of 5% was higher than the global
average of 3.2%.
•
In
2013, the inflation rate was 3.2%, lower than the regional average of 6%.
High macro-economic stability and their capacity for annual
market expansion are characteristic of the Pacific Alliance member countries.
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