Global Competitiveness Index 2011-2012

Panama leads in Central America (49th in the global list), followed by Costa Rica (61), Guatemala (84), Honduras (86), El Salvador (91), and Nicaragua (115).

Thursday, September 8, 2011

Chile (position 31), Puerto Rico (position 35), Barbados (position 42) and Panama (position 49) are the only four economies in Latin America and the Caribbean ranked among the top 50 in the World Economic Forum’s Global Competitiveness Report 2010 - 2011
Panama is the only country to break into the top 50, coming from position 53 to 49 emphasizing its macroeconomic stability, the ability to absorb technology, development of financial systems, the progress of its infrastructure in ports and air transport and its strengthening of domestic competition.

You can find the full Global Competitiveness Report 2011-2012 at:

http://www3.weforum.org/docs/WEF_GCR_Report_2011-12.pdf

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More on this topic

Regional Standards for Competition

August 2013

The countries in the region are working on the development of a standard to regulate anti-competitive practices by regional companies.

The first draft of the new regulations was presented at the VII Central American Competition Forum.

"There are markets where competition problems cross borders and affect more than one country, we are working on a competition law and on the creation of an authority which has the power to implement it in Central America," said Francisco Diaz Rodriguez, Superintendent of Competition in El Salvador.

Guatemala's Competitiveness According to World Economic Forum

September 2010

The WEF 2010-2011 report indicates that Guatemala has become more competitive in the last 12 months.

The Global Competitiveness Report 2010-2011 released by the World Economic Forum (WEF) ranks Guatemala in position 78 this year compared to 80 in 2009-2010.

Crime and theft, corruption, policy instability, inefficient government bureaucracy and inadequate supply of infrastructure were mentioned as being the most problematic factors for doing business in Guatemala.

WEF Global Competitiveness Index 2010-2011

September 2010

The World Economic Forum rankings for Central America are: Panama 53, followed by Costa Rica 56, Guatemala 78, El Salvador 82, Honduras 91 and Nicaragua 112.

Chile (30), Puerto Rico (41) and Barbados (43) are the only three economies from Latin American and the Caribbean with rankings in the top 50.

Launch of regional competitiveness agenda under evaluation.

August 2008

Governments and the private sector from Central America are seeking to program a regional competitiveness agenda in order to optimize resources and to avoid detrimental competition.

The setting for this discussion will be the Competitiveness Forum of the Americas, organized by the United States Department of Commerce for next week.

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