Corruption has been identified as the world’s biggest obstacle to economic and social development; In Latin America, a region with some of the most corrupt countries in the world
Mexico’s gross domestic product (GDP) grew 2.3 percent in 2016, 2.5 percent in 2015, 2.1 percent growth registered in 2014 and the 1.4 percent figure for 2013.
Uruguay's budget deficit reached 4% of GDP during 2016, equivalent to US$ 2.043bn, the worst performance since 1989, according to the latest figures released by the government's stats office, INE.
A study by the Inter-American Development Bank (IDB) estimates the direct annual cost of crime and violence in Latin America and the Caribbean at US$261 billion or 3.55% of GDP
Brazil's Finance Minister Henrique Meirelles has admitted that the government is going to revise its official forecast for this year's GDP growth
The worst-performing economies are expected to be those of Suriname, projected to contract by 10.4 percent, and Venezuela, forecast to shrink by 9.7 percent
Paraguay's booming marijuana trade helps explain why its illegal economy = an estimated $11.1 billion in 2015
The less pessimistic outlooks are in line with what economic analysts in Brazil are also forecasting for the country's Gross Domestic Product.
Brazil, an emerging-market darling just a couple years ago, is crumbling amid economic stagnation and political turmoil. But there's a far brighter story—one most investors are missing—elsewhere in Latin America.