We show you some of the most profitable companies in Latin Americawhere Brazil is positioned as the leader in presence.
Technological evolution has brought about quite clear changes in consumption habits of the Latin American populationwhere the use of oil, metals and digital alternatives have been strong speakers in different industries, such as transportation, logistics, banking, communication, among endless other opportunities to explore.
This is due in part to the continuous economic growth of the continent, driven by all kinds of large, small and medium-sized companies, which contribute directly to the GDP worldwide through the development of different specialized aspects. to take into account what contributes to this important gross domestic product of Latin American countriesit would be worth considering the consumption of families of goods and services, in durable goods (such as cars and appliances), non-durable goods (such as food), among other types of elements, which directly boost the income of the sectors and companies previously presented (leaving aside for a moment the public spending of governments).
Despite this, all kinds of industries were affected by the arrival of the pandemic, putting the economy of some companies at stake; According to data from the Statista study on the impact of the coronavirus pandemic on GDP growth in some Latin American countriesDuring 2020, Mexico’s GDP contracted by 8.2 percent, Argentina’s by 9.9 percent, Chile by 5.84 percent, Ecuador by 7.5 percent, among other countries and companies that presented indisputable complications during these times.
This fact had repercussions in a lower demand for fuel, a shortage of chips, a lack of income from businesses to solve the economy of their workers, a decrease in tourism, among other elements that were taken as a result (or consequence) to be able to combat the disease. by reducing social mobility and thus considerably eliminating the number of infections, until the appearance of vaccines against said virus.
Despite this, the Statista chart showing the most profitable companies in Latin America, points out that there are some elements that are currently proclaimed as essential for the market, as well represented by the company Vale of Brazil, which focuses on the production of iron ore, operation of logistics systems for rail transport, etc. .; Likewise, we can also find Petrobras, which is dedicated to oil and gas exploration, production, refining transportation, among other elements that have demonstrated their importance for the international market.
Although in the list there are some Mexican companies such as América Móvil and Grupo México, Brazil has shown that it has the necessary capacity to largely dominate the presence of most profitable companies in Latin America, exhibiting its importance in the international market by solving a solution to some of the needs that are most needed today, such as the use of oil. Could it be that at some point Mexico manages to have the most profitable company in LATAM?
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