Top 10 Latin American countries by economic openness

The Openness Index is an economic metric calculated as the ratio of country's total trade, the sum of exports plus imports, to the country's gross domestic product. The interpretation of the Openness Index is: the higher the index the larger the influence of trade on domestic activities, and the stronger that country's economy. Check out the most open economies in Latin America:
10. Argentina 
9. República Dominicana 
8. Brasil
7. Colombia 
6. Perú 
5. Mexico 
4. Panamá 
3. Uruguay 
2. Costa Rica
1. Chile

Source: Institute Legatum
Image: Pixabay

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