Brazil’s overall average in the competitiveness ranking rises, but the country is still in second-to-last position
Brazil remains in second-to-last position in the overall ranking of the Brazil Competitiveness Report among 18 selected economies, ahead only of Argentina. Chile and Mexico – two other Latin American economies – are in the 8th and 12th position, respectively. In 2019, Brazil made progress regarding its business environment for the second year in a row, among other positive results. However, the improvement observed in the Brazilian situation was not sufficient for the country to rise in the ranking.