Colombia offers the best business opportunities in the region according to a survey of Latin American executives conducted by PriceWaterhouseCoopers.
The coffee-growing nation was chosen by 47.5% of respondents as the Latin American country which offers the best business opportunities, followed by 22.5% of respondents who chose Brazil, reported financial publication Portafolio.
The reasons behind Colombia’s top ranking are said to be; prospects for growth, the size of the domestic market, stable regulatory conditions, a secure justice system, and authorities which offer an attractive environment for businesses to develop.
The survey also reveals that 35.9% of Latin American execs and entrepreneurs saw Brazil as the best country to invest in followed by Colombia with 19.6% of the vote, reported Chilean magazine LaTercera.
Chile was viewed as having the most stable economy of the region by 53% of respondents, followed by Brazil (22.3%) and Colombia (12.2%).
“The political and economic stability, and prospects for growth associated with it its internal market, have positioned Colombia as a very attractive destination to invest in for the countries of the region,” said Luis Enrique Alamos, principle associate of PriceWaterhouseCoopers in Chile.
PwC surveyed 4,500 executives from Argentina, Brazil, Chile, Colombia, Ecuador, Peru, and Paraguay by email.