The folks at Latinvex, using data from the International Monetary Fund (IMF), have placed Panama as the country with the highest per capita in Latin America, followed by Chile and Uruguay. At the same time the Dominican Republic, with a pro-business head of state, is said to have the highest growth rate during the next five years (2024-2028) and will become the third richest economy on a per capita basis in Latin America.
The IMF expects Venezuela and Panama to experience the greatest growth this year, but after that the DR will lead for the next five with a projected growth of nearly 5% of GDP, followed by Panama with perhaps 4% growth.
The outlook for the rest of the region is of a projected growth of somewhere between 1% and 2.5%. Of course, inflation is a major challenge, and it is expected to be around 13% this year compared to the 14% last year.
Latinvex is a media company that publishes daily and weekly news analysis on business in Latin America.
Latinvex used the new data to compute the buying power equality on a per capita basis in order to reach these conclusions.
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Diario Libre
2 May 2023