LATIN AMERICA

A brief introduction to Latin America's countries and their industries.

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ARGENTINA

Argentina is the second-largest economy in South America after Brazil in terms of nominal GDP.

The agriculture, livestock and fishing sector plays a key role in Argentina’s economy accounting for
 

6.4%

GDP

29.9%

TOTAL EXPORTS

5.3%

EMPLOYMENT
Largest Soybean Producer Globally

No. 3

Largest Maize Producer Globally

No. 5

TEST YOUR INSTINCTS

Incorrect!

Argentina saw 

7 months

of consecutive growth from May to November in 2017.

Argentina's Industrial Production Index: YoY

Correct!

Argentina saw

7 months

of consecutive growth from May to November in 2017.

Argentina's Industrial Production Index: YoY

BRAZIL

The largest country in Latin America, Brazil is the fifth-largest country by area in the world, and the sixth-most populous.

In Q2 2017, this was the first positive GDP growth figure registered for Brazil since Q1 2014.

2017 saw a strong year for the Brazilian economy as its economic activity accelerated at a surprising rate.
Q2 2017

0.8%

Real GDP Growth YoY

Q3 2017

1.44%

Real GDP Growth YoY

Brazil is the eighth-largest pharmaceutical market in the world

Incorrect!

 8.8%

 of the GDP is spent on healthcare in Brazil.

55%

Private Health Expenditure, % of total

6,712

Number of Hospitals

USD 5.2bn

Trade Deficit in Pharmaceuticals

Correct!

 8.8%

 of the GDP is spent on healthcare in Brazil.

55%

Private Health Expenditure, % of total

6,712

Number of Hospitals

USD 5.2bn

Trade Deficit in Pharmaceuticals

CHILE

One of the most stable and properous countries in Latin America.

Transportation had 4.9% share of the country’s GDP in 2015

The sector has emerged as one of the driving forces of Chilean economy, expanding its value added at a CAGR of 5.9% between 2010 and 2015.

In 2016, mining was the fifth-largest economic sector of Chile

2.4%

formal employment

8.3%

country's GDP

51.4%

national exports

TEST YOUR INSTINCTS

Incorrect!

Mining made up an impressive

9.4%

of Chile's economy.

Correct!

Mining made up an impressive

9.4%

of Chile's economy.

COLOMBIA

The fourth largest country in Latin America, with considerable oil reserves and a large producer of gold, silver, and coal.


The Colombian motor vehicle sector is a relatively small industry with great potential for future growth, given the fact that the country has the third-largest population in Latin America, with 48.8mn inhabitants as of the end of 2016.

House prices in Colombia increased

6.6% in Q3 2017

as purchases of new houses totaled

$500 million.

This sees it is as a 

9.9% growth

compared to the same quarter in the previous year.

ECUADOR

Although a small nation in LATAM, this equator straddling country has seen some dramatic figure changes in 2017.


No.6 Largest Crude Oil Producer in Latin America

The oil and gas sector has a paramount role in Ecuadorian economy, crude oil being the main product exported by the country and accounting for 35% of national exports in 2015.
 

 

Ecuador’s petroleum exports increased about 35% year-over-year in the first 11 months of 2017 reaching 6.8bn USD.

 

MEXICO

The second-largest economy in Latin America and major oil exporter.

TEST YOUR INSTINCTS

Incorrect!

 It's Beer!

Beer had a share of 77.6% of the beverage segment production value in 2016, and is expected to remain the growth driver.

Alcoholic Beverages Export Value by Country,
Jan-Sep 2016

UK & AUSTRALIA
1.8% EACH
OTHER
11.6%
USA
81.8%

Correct!

 It's Beer!

Beer had a share of 77.6% of the beverage segment production value in 2016, and is expected to remain the growth driver.

Alcoholic Beverages Export Value by Country,
Jan-Sep 2016

UK & AUSTRALIA
1.8% EACH
OTHERS
11.6%
USA
81.8%

 

Industrial production growth of food and drinks decelerated in the first 11 months of 2017. The average growth rate of food manufacturing decelerated to 1.9% in 2017 compared to 2.7% in 2016, while the production beverages and tobacco grew by 2.2%, down from 7.7% in 2016. 

 

PERU

Increasingly attracting both foreign investors and visitors, by way of the country's mineral wealth, and historic sights like Machu Picchu, respectively. 

Construction is among the largest economic sectors of Peru

5.3%

of employment in Lima

6.3%

of domestic GDP

USD 382.6mn

FDI inflow in Construction in 2016

In the first 11 months of 2017 Peruvian exports increased almost by 20% year-over-year reaching USD44 bn. 

Mining exports accounted for more than 60% of total exports during this period.

VENEZUELA

Venezuela has an estimated population of 31 million people, which is only a 6th of the size of neighbouring Brazil.

  No.1 Largest Proven Oil Reserves in the world

Venezuela is a founding member of the Organisation of Petroleum Exporting Countries (OPEC) and of the Gas Exporting Countries Forum (GECF). And as well as having the world’s largest proven oil reserves, Venezuela has the eighth-biggest natural gas reserves, as of December 2015.

TEST YOUR INSTINCTS

Incorrect!

 It's 2017!

2003 saw a low oil production, as did 2009 courtesy of the country's economy in recession, but it was 2017 that had the lowest output. (For comparison, 1996 Venezuela was producing 3mn barrels/day.

Correct!

 It's 2017!

2003 saw a low oil production, as did 2009 courtesy of the country's economy in recession, but it was 2017 that had the lowest output. (For comparison, 1996 Venezuela was producing 3mn barrels/day.

Data Sources

Argentina

AGRICULTURE DATA

Argentina Agriculture Sector Report 2017/2018, EMIS Insights Industry Reports, https://www.emis.com/php/store/reports/AR/Argentina_Agriculture_Sector_Report_20172018_en_582793804.html

INDUSTRIAL PRODUCTION DATA

CEIC Global Database, https://www.ceicdata.com/products/global-economic-database

Brazil

REAL GDP GROWTH DATA

CEIC Brazil Premium Database, https://www.ceicdata.com/products/brazil-economic-database

HEALTHCARE DATA

Brazil Pharma & Healthcare Sector Report 2017/2021, EMIS Insights Industry Reports, https://www.emis.com/php/store/reports/BR/Brazil_Pharma___Healthcare_Sector_Report_20172021_en_594235008.html

Chile

TRANSPORTATION DATA

Chile Transportation Sector Report 2016/2017, EMIS Insights Industry Reports, https://www.emis.com/php/store/reports/CL/Chile_Transportation_Sector_Report_20162017_en_553656483.html

MINING DATA

Chile Mining Sector Report 2016/2017, EMIS Insights Industry Reports, https://www.emis.com/php/store/reports/CL/Chile_Mining_Sector_Report_20162017_en_544816778.html

CEIC Global Database, https://www.ceicdata.com/products/global-economic-database

Colombia

AUTOMOTIVE DATA

Colombia Automotive Sector Report 2017/2018, EMIS Insights Industry Reports, https://www.emis.com/php/store/reports/CO/Colombia_Automotive_Sector_Report_20172018_en_583762584.html

PETROL AND FUEL TAX DATA

CEIC Global Database, https://www.ceicdata.com/products/global-economic-database

Ecuador

OIL AND GAS DATA

Ecuador Oil and Gas Sector Report 2016/2017, EMIS Insights Industry Reports, https://www.emis.com/php/store/reports/EC/Ecuador_Oil_and_Gas_Sector_Report_20162017_en_573817291.html

PETROLEUM EXPORTS

CEIC Global Database, https://www.ceicdata.com/products/global-economic-database

Mexico

FOOD AND BEVERAGE DATA

Mexico Food and Beverage Sector Report 2016/2017, EMIS Insights Industry Reports, https://www.emis.com/php/store/reports/MX/Mexico_Food_and_Beverage_Sector_Report_20162017_en_572980817.html

CEIC Global Database, https://www.ceicdata.com/products/global-economic-database

Peru

CONSTRUCTION DATA

Peru Real Estate and Construction Sector 2017/2018, EMIS Insights Industry Reports, https://www.emis.com/php/store/reports/PE/Peru_Real_Estate_and_Construction_Sector_20172018_en_596057196.html

EXPORTS (INCLUDING MINING) DATA

CEIC Global Database, https://www.ceicdata.com/products/global-economic-database

Venezuela

OIL AND GAS DATA

Venezuela Oil and Gas Sector Report 2016/2017, EMIS Insights Industry Reports, https://www.emis.com/php/store/reports/VE/Venezuela_Oil_and_Gas_Sector_Report_20162017_en_573629060.html

CRUDE OIL PRODUCTION DATA

CEIC World Trend Plus, https://www.ceicdata.com/products/worldtrendplus-database