The Mexican economy is classified as upper-middle income globally and some of its pros and cons are as follows, according to Goldman Sachs Trust. Since the period of economic turmoil surrounding the 1994 peso devaluation, which triggered the worst recession in more than 50 years, Mexico has experienced
Approximately 16.8% of Peru‘s land area is dedicated to herbaceous production and permanent crops. Perennial crops include: coffee, cocoa, tropical fruits (mangos, avocados, guavas, pineapples and bananas), Brazil nuts, grapes, avocados, olives, oranges and tangerines. To note: a perennial crop refers to plants that live for several years
On July 2, 2023, Mexico ratified an agreement signed by the parties to the Pacific Alliance Framework Agreement, which establishes a standard tax treatment for interest and capital gains derived from the sale of shares through any Latin American Integrated Market stock exchange. In general, this agreement aims
Mexico‘s GDP showed resilience to international economic conditions in 2023, according to an analysis by Intercam Banco. In the global environment, the war between Gaza and Israel was added to an environment already fragmented by the conflict between Russia and Ukraine, where the former has begun to generate
Canada‘s manufacturing was that nation’s largest goods-producing industry by GDP (at basic prices) in 2022. According to the Canadian government, real output rose 3.1% in 2018, 0.0% in 2019 and fell 8.5% in 2020. Then, output recovered in 2021 and 2022, growing 5.9% and 3.7% respectively. Manufacturing output
Peru has an open investment regime and a legal framework that generally promotes and protects Foreign Direct Investment (FDI). After registering FDI inflows of US$11,656 million in 2022, Peru captured US$5,007 million in the first three quarters of 2023. In recent years, this nation had negative FDI inflows