At the beginning of January, in a study done by Forbes magazine, Peru ranked third among the best South American countries to do business this year. Peru is behind Chile and Uruguay, and ahead of Colombia, Brazil and Argentina.
“Forbes highlights that the Peruvian economy is distinguished by its varied topography: a coastal region of arid lands, a high Andean zone in the center of the country and the dense Amazon jungle”, said Perú Retail. “A wide range of important mineral resources are found in mountainous and coastal areas, and the Peruvian sea offers excellent fishing areas. Likewise, Peru is the second largest producer of silver and copper in the world”, the website continued.
Out of the total of 161 countries analyzed, Peru ranked 64.
Additionally, Forbes pointed out that Chile is a country characterized by a high level of foreign trade and a reputation of solid financial institutions, as well as a consistent policy that has given it the strongest sovereign bond rating in South America, which is why it ranked as the first country in Latin America.