Thursday, March 30th 2006 - 21:00 UTC

Chile, Latinamerica leading economy

Chile is the show case of Latinamerica leading the region's economic ranking, making it the country most attractive to invest and 22 in the world scale, according to a special report from The Economist.

The report which looks ahead to the next four years, 2006/10, has Chile distanced from all other Latinamerican economies including the top ones such as Mexico and Brazil.

The Economist world ranking has Denmark top of the list, which in the next four years is forecasted to become the "business reference", followed by Finland, Canada, Singapore, Holland, Ireland and United Kingdom.

Most Latinamerican countries actually lost points in this edition's ranking which takes into account ninety factors among which the business climate, political and economic context and macroeconomic stability.

Last year Chile's economy expanded 6.3% and GDP reached 115 billion US dollars with a per capita income of 7.146 US dollars, the highest in the region. Fixed capital investment in 2005 was 29.2% of GDP, a historic record.

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