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Costa Rica leads expectations for sustainable growth

Thursday, January 19, 2017


 

Costa Rica is projected to lead Central America in sustainable economic growth in 2017, according to Variables for Sustainable Growth 2016 , produced by the Swiss-based operation of consulting firm KPMG International.

With five points out of a total of ten, an increase of one point since the previous ranking, Costa Rica placed 47th in the world, behind only Chile and Uruguay in Latin America.

The second best performer in the isthmus was Panama, two spots below Costa Rica, while Nicaragua was last, in 122nd position.

Globally, Switzerland leads in expected sustainable growth, while Guinea-Bissau is last among 181 countries.

The ranking is based mainly on five pillars: macroeconomic stability, openness to best practices, infrastructure quality, human capital, and strength of public institutions (numbers in brackets indicate the global position of each country in the index).

1                    Costa Rica (47)

2                    Panama (49)

3                    Honduras (96)

4                    El Salvador (100)

5                    Guatemala (104)

6                    Nicaragua (122)