Brazil, the least globalized economy in Latin America.
Brazil ranked for the second consecutive year, as the least globalized country in the region. Venezuela and Colombia are also at the bottom of the list. Panama, Nicaragua, Honduras and Chile are the most connected to global trade flows.
Brazil maintained, for the second consecutive year, the place as the least globalized country in Latin America, according to the eighth annual Latin Globalization Index from Latin Business Chronicle.
The index of 18 countries looks at six factors that measure a country’s link with the outside world:
- Exports of goods and services as a percent of GDP
- Imports of goods and services as a percent of GDP
- Foreign direct investment as a percent of GDP
- Tourism receipts as a percent of GDP
- Remittances as a percent of GDP
- Internet penetration